Thursday, July 05, 2012

Oversight report: Countrywide offered mortgage discounts to lawmakers, staff

The Hill reports:
The mortgage company Countrywide Financial used a VIP program to give preferential treatment to members of Congress, Capitol Hill staffers and senior government officials, according to a report released Thursday by the House Oversight and Government Reform Committee.

The committee, chaired by Republican Rep. Darrell Issa (Calif.), issued a 114-page report finding that the Washington lobbyist for the failed mortgage company routinely referred high-profile D.C. clients to a VIP office within the firm, which gave them, in some instances, thousands of dollars in discounts off their mortgages.
The greed of con man Chris Dodd.