Countrywide Financial Corp. chairman and chief executive Angelo Mozilo will not stand for re-election as a director to Home Depot, the nation's largest home improvement retailer.According to a Home Depot filing with the Securities and Exchange Commission, Mr. Mozilo did not cite "any disagreement on any matter" relating to the company's "operations, policies or practices." The Countrywide founder gave notice in mid-March and will serve out his term as a director, which expires in May when Home Depot holds its annual meeting. Countrywide is the nation's fourth-largest originator of home equity mortgages, a category that includes home improvement loans.
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The Housing for the 21st Century Act includes provisions covering policy, manufactured homes and rural infrastructure introduced in a prior Senate proposal.
February 6 -
Mortgage loan officer licensing saw its first rise since 2022 as Fannie Mae projects $2.4T in 2026 volume. Experts eye a market reset amid improving affordability.
February 6 -
The FHFA chief told Fox an offering could be done near term - but may not be - while a Treasury official addressed conservatorship questions at an FSOC hearing.
February 6 -
The secondary market regulator will formally publish its own rule on Feb. 6, after a comment period and without making changes to what it proposed in July.
February 6 -
Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes.
February 5 -
The mortgage technology unit at Intercontinental Exchange posted a profit for the third straight quarter, even as lower minimums among renewals capped growth.
February 5




