Countrywide's Vip Loans

Countrywide Financial, once the nation's largest mortgage lender, bought influence on Capitol Hill by issuing hundreds of sweetheart loans for members of Congress, their staffs and other government employees, according to a report issued by the House of Representatives Thursday.

  • Politicians Allegedly Participated in Countrywide’s VIP Loan Program
    Rep. Darrell Issa (R-California) sent a letter to the chairman and ranking member of the Committee on Oversight and Government Reform to inform them that he has found evidence that four current members of the House of Representatives received loans through ...
    01/6/2016 - 11:00 am | View Link
  • Katherine Mangu-Ward Talks Countrywide's VIP Treatment for Congressmen on CNBC's Closing Bell
    Reason Managing Editor Katherine Mangu-Ward discusses the congressional Countrywide loan scandal on CNBC's Closing Bell with Maria Bartiromo. Air Date: August 15, 2012. About 3 minutes. Scroll down for downloadable versions and subscribe to's ...
    08/15/2012 - 10:25 am | View Link
  • Countrywide's Fraudulent VIP Program
    Beleaguered Countrywide Financial Corporation, which was acquired by Bank of America Corporation (BAC), has been accused of influencing key members of the Congress to earn favors by providing them with discounted loans. Following an intensive investigation ...
    07/9/2012 - 10:45 am | View Link
  • Congress Issues Subpoena For Info On Countrywide's VIP Mortgage Program
    Let’s look back to the summer of 2008, when it was revealed that Angelo Mozilo, the curiously orange former CEO of Countrywide, had the company offer below-market “VIP” mortgages to certain politicians and other influence peddlers. Fast forward to ...
    02/17/2011 - 10:18 am | View Link
  • Countrywide's Angelo Mozilo made exceptions for VIP mortgages, exec testifies
    The people who got such loans were among a group of Countrywide borrowers known within the company as "Friends of Angelo" or VIP customers. Countrywide's former chief risk officer, John P. McMurray, testified that his duties normally didn't include hearing ...
    08/24/2010 - 1:00 pm | View Link
  • Trial Near of Mozilo; Politicians Draw Heat
    A congressional investigation of Countrywide's controversial VIP mortgage program, which turned up 30 loans to senators or staffers, is finding a similar number of loans went to House members or...
    08/13/2010 - 1:01 pm | View Link
  • Were Countrywide's loans to lawmakers simply legal bribes?
    Dodd and Conrad testified that they did not know they were part of Countrywide's "VIP" program. But Robert Feinberg, who worked as a loan officer at the House of Angelo, testified in June to a Congressional committee that Dodd and Conrad knew they were in ...
    07/28/2009 - 3:00 am | View Link
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  • Angelo Mozilo
    Angelo R. Mozilo (born 1938) is the former chairman of the board and chief executive officer of Countrywide Financial until July 1, 2008. [1
    02/12/2016 - 10:02 pm | View Website
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    Dishonorable Mention. Rep. Edolphus Towns ends his congressional joyride this year after treating his wife to a car leased with campaign funds, and using his position ...
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  • Bank of America Home Loans
    Bank of America Home Loans is the mortgage unit of Bank of America. In 2008, Bank of America purchased the failing Countrywide Financial for $4.1 billion.
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