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Reload this Page NEWS: 153 Countrywide ‘VIP’ loans extended to Fannie Mae executives (Congress, Dodd)
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Old 07-21-2010, 07:37 AM
 
Location: the very edge of the continent
89,026 posts, read 44,824,472 times
Reputation: 13711

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Quote:
Countrywide Financial made 153 “VIP” loans to Fannie Mae executives, in an effort to win goodwill from the giant mortgage finance company, according to a letter released on Tuesday by a US congressman.

...Although it was known that some government officials received preferential mortgage loans from Countrywide, the findings show the involvement of Fannie and Freddie staff was greater than had been thought.
‘VIP’ loans extended to Fannie Mae executives
FT.com / US / Economy & Fed
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'Friends of Angelo' rears it's ugly head, again...
Fannie Mae 153, Freddie Mac 20 - Street Sweep: Fortune's Wall Street Blog
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Old 07-21-2010, 08:18 AM
 
Location: Raleigh, NC
20,054 posts, read 18,282,893 times
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When they call up for these loans, do they say "Chris Dodd sent me"? Or, do they enter "dodd" into the coupon code field of the online application?
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Old 07-21-2010, 08:23 AM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,870,208 times
Reputation: 2519
LOL....and yet people STILL cling to the lie that this is the fault of homeowners acting irresponsibly....
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