Countrywide CEO Angelo Mozilo will forfeit that big hunk of change--$37.5 million -- that he was supposed to receive per his severance pay agreement. [AP]...Sales of new homes dropped 26 percent in 2007. Sales declined 32.2 percent in the West, 26.7 percent in the Midwest and 26.3 percent in the South, and actually rose in the Northeast. [Washington Post]...A recap of last night's 60 Minutes segment on the mortgage crisis, which featured a Stockton real estate agent yapping on about local foreclosures. [LA Land]
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BusinessWire: Countrywide, New Home Sales, 60 Minutes
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Koreatown Craftsman With Lots of Hand-Carved Woodwork Asks $1.5M
Built in 1910, the house sits on a lush property that includes a recording studio out back.
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