Countrywide VIP mortgage program investigation goes dark

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On July 11, the Office of Thrift Supervision seized IndyMac, making it the second-largest bank in U.S. history to go under. favorable terms from Calabasas-based Countrywide Financial Corp. under a.

 · The Countrywide Vote. The backroom battle over a subpoena on VIP mortgages Senators Chris Dodd and Kent Conrad lawyered up when the Senate ethics committee asked about their VIP loans from Countrywide Financial. But the sweetheart Senators may not be able to stop another look at their dealings with the subprime mortgage factory.

If you go. Countrywide’s infamous “Friends of Angelo” program that offered sweetheart deals to people in high places. Issa’s investigation already has uncovered the alarming fact that more than 150.

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Statewide mortgage foreclosure training December 7, 2010. investigation of foreclosure problems and to consider the possibilities for a global settlement of. Congressional Oversight Panel for the Troubled Asset Relief Program, The views I express today are my own, however.

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Furthermore, the committee investigation found that the actual mortgage rates offered to Dodd and Conrad under the VIP program "were not the best deals available at Countrywide or in. Chris Dodd.

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 · Two powerful Senate Democrats said Tuesday that they knew they got low mortgage-rate deals in a lender’s VIP program but thought the special treatment was.

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