Video: CNBC's Caruso-Cabrera reports...
Mozilo and the others were to face trial on the charges next week.
Mozilo agreed to repay $45 million in ill-gotten profits and $22.5 million in civil penalties. Former Countrywide President David Sambol will repay $5 million in ill-gotten profits and $520,000 in civil penalties, and former Chief Financial Officer Eric P. Sieracki will pay $130,000 in civil penalties.
Under the agreement, the three men did not admit wrongdoing.
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