Federal prosecutors have ended a criminal investigation of Angelo R. Mozilo, the former chief executive of the mortgage lender Countrywide Financial, without taking any action against him, according to a person with direct knowledge of the matter who spoke only on the condition of anonymity.

A grand jury investigation took more than two years exploring Mozillo’s conduct during the mortgage crisis at Calabasas-based Countrywide, once the nation’s largest mortgage lender.

In October, Mozilo paid $67.5 million to settle a civil securities fraud lawsuit by the Securities and Exchange Commission.

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