Congress Issues Subpoena For Info On Countrywide’s VIP Mortgage Program 2.17.11 5:10 PM EDT By Chris Morran @themorrancave mortgages countrywide congress foreclosure fracas vip service darrell issa
Countrywide Financial’s recorded phone conversations with borrowers in a mortgage program that included public officials have prompted new congressional calls for more information.
· ”The committee’s investigation found Countrywide. Dodd used two VIP mortgage. Mr. Issa’s report implicates a number of other members of Congress who benefited from the Countrywide program.
Two more congressmen have been identified as receiving loans through a Countrywide Financial Corp. program that has prompted a House investigation into whether the fallen mortgage giant approved..
· Bank of America Liable for Mortgage “Hustle” Program. Twitter;. on a lending program referred to within Countrywide as “the Hustle.”. told they would not be allowed to go.
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Home Texas congressman latest named in Countrywide VIP probe.. Countrywide VIP mortgage program investigation goes dark. Rep. Issa to question Mozilo on Countrywide VIP program.
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The Countrywide financial political loan scandal in 2008-2009 involved U.S. politicians who allegedly received favorable mortgage rates.. In June 2008 Conde Nast Portfolio reported that numerous Washington, DC politicians over recent years had received mortgage financing at noncompetitive rates at Countrywide Financial because the corporation placed the officeholders in a program called "FOA’s.
Countrywide has been accused of influencing key members of the Congress to earn favors. Following an intensive investigation, House of Representatives’ Oversight and Government Reform Committee.
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Countrywide VIP mortgage program investigation goes dark George Allen as Egypt’s James Madison? – e-mails and names related to Countrywide Financial’s VIP and Friends of Angelo program. The investigation aims to expose all lawmakers or other government officials who may have received sweetheart. Shop new, used, rare, and out-of-print books.
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Mortgage Delinquencies Set to Soar: Report Moody’s predicts tougher times for some homebuilders Countrywide VIP mortgage program investigation goes dark loan mod program Left Homeowners’ Fate in Hands of. – Loan Mod Program Left Homeowners’ Fate in Hands of Dysfunctional Industry The Obama administration’s flagship foreclosure.
Darrell Issa (R., Calif.), who has been spearheading the House Oversight and Government Reform Committee’s investigation into Countrywide’s so-called VIP mortgage program..
U.S. senators or Senate staff members received 30 loans-far more than had previously been known-under a controversial lending program at Countrywide Financial that provided cut-rate terms to.