Did You Know Nancy Pelosi's Son Was a Loan Officer at Countrywide Finance?

The L.A. Times has this report from June 14,2008:

The son of House Speaker Nancy Pelosi, Paul Pelosi Jr., has worked as a sales manager and loan officer for Countrywide in the San Francisco Bay Area and received about $1 million in loans from Countrywide on a condo. The younger Pelosi, 39, who holds a law degree and an MBA from Georgetown University, obtained a $916,000 mortgage from Countrywide in 2004 and a $114,500 line of credit the same year.

He has since paid off the loans, which he said were made at market rates. His mother said through a spokesman that she had no knowledge of her son’s mortgages.

Did Nancy Pelosi's son make risky sub prime loans? Is Nancy Pelosi a friend of Angelo? What did Nancy Pelosi know about Countrywide before they imploded?