Attorney General Kamala D. Harris Establishes California Foreclosure Relief Fund with $6.5 Million Settlement from Former Countrywide Financial Executives

LOS ANGELES, CA – February 3, 2011 – (RealEstateRama) — Attorney General Kamala D. Harris today announced a $6.5 million settlement of a predatory lending case against Angelo Mozilo and David Sambol, former officers of Countrywide Financial Corporation. Attorney General Harris announced the settlement money will be used to establish an innovative statewide California Foreclosure Crisis Relief Fund to combat the effects of California’s high rates of foreclosure and mortgage delinquency