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.

  • 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 - 10:23 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 - 2:10 am | View Link
  • Countrywide’s loans bought clout on Hill
    “Documents and testimony obtained by the committee show the VIP loan program was a tool used by Countrywide to build good will with lawmakers and other individuals positioned to benefit the company,” the committee wrote in a report released Thursda
    07/4/2012 - 1:00 pm | 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
  • Darrell Issa Goes After Countrywide's VIP Program. Gee, I Wonder Why?
    Oh, look. Rep. Darrell Issa's going after Chris Dodd and Kent Conrad: WASHINGTON. D.C. – In December of 2008, House Committee on Oversight and Government Reform Chairman Darrell Issa (R-CA), then the Committee’s Ranking Member, launched an ...
    02/16/2011 - 11:00 am | View Link
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