Countrywide, Preferential Treatment | featured news

Subpoenas issued over Countrywide VIP loan program

Subpoenas issued over Countrywide VIP loan program

The House Oversight committee is investigating the role of the nation's largest mortgage companies in the financial crisis. Under pressure from Republicans, a House committee has subpoenaed documents related to Countrywide Financial Corp.'s VIP program, which offered preferential treatment to well-connected or powerful mortgage customers.

 

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