ANGELO R. MOZILO
The former CEO, chairman, and co-founder of the mortgage lender Countywide Financial Corp. Born in New York City in 1938, Mozilo co-founded the Countywide with David Loeb back in 1969. By the year 2004, he had made the Countywide the hugest mortgage originator in the United States, with a market share of 13.1%. In the year 2008, the last year of Mozilo prior to the purchase of the company by the Bank of America, Forbes awarded Mozilo as the fourth-highest-paid CEO in United States.
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Liquidity Adjustment Facility
A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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SEE FOREX TUTORIAL
Digesting Financial Statements: Pension Plans
Deducing on the topic we previously discussed, this tutorial now puts the spotlight on the pension fund. It is a distinct long-term obligation for ...
Digesting Financial Statements: System
A financial statement serves as an avenue for assimilating the overall health of a business. Let’s illustrate the four key steps in a cash-ba ...
Digesting Financial Statements: Filing
Companies need to file several financial reports in different periods with the Securities and Exchange Commission.
14A Prox ...
Retirement Planning: Maximizing the Power of Compounding
“The early bird catches the worm.” – William Camden
Featured Investment: Annuity
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Investments are what trading is all about. And knowing about the various a ...
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