Countrywide Financial Corp.
BofA settles with insulted homeowner
BofA settles with insulted homeowner

It looks as if Daniel A. Bailey Jr. will be allowed to keep the home where he endured the wrath of Countrywide Financial kingpin Angelo Mozilo — and then skipped more than five years of mortgage payments. A loan modification, now close to final, would resolve a bizarre chain of events that began in May 2008 when the frustrated North Carolina homeowner sent mass emails to Countrywide executives, begging them to ease his mortgage payments. Mozilo, the headstrong Countrywide co-founder who aimed to dominate the mortgage business, wrote an impulsive e-mail meant for colleagues. In it, he called Bailey's plea a "disgusting" example of form letters from troubled borrowers that were then...