Former Countrywide Financial Corp. chairman and chief executive Angelo R. Mozilo and his wife, Phyllis, have sold their house in Thousand Oaks for $2.9 million.
Countrywide helped fuel the boom in risky subprime loans that led to the foreclosure crisis. Federal prosecutors shelved a criminal probe of Mozilo last year after determining that his actions in the mortgage meltdown — which led to a $67.5-million settlement against him — did not amount to criminal wrongdoing.
The Georgian Colonial-style two-story sits on a half-acre above the second fairway at the Sherwood Country Club. The 6,238-square-foot home features a cherry-finished library-office, five bedrooms, six bathrooms and an oversized four-car garage.
The master suite includes a sitting area, a balcony, two walk-in closets with built-in cabinets, dual sinks, a mirrored dressing area, a spa tub, a steam shower, a bidet and marble floors. An infinity pool, spa, lawn and a built-in barbecue complete the grounds.
Public records show the Mozilos bought the Ventura County property in 2000 but do not disclose the purchase price. The custom home was built in 1999. They hold other Southern California properties in trust in Riverside and Santa Barbara counties.
Cathie Post of Prudential California Realty was the listing agent.Copyright © 2015, Los Angeles Times