Countrywide Loans Sought Favor With Fannie Mae, Report Says – Bloomberg

Issa’s investigation found that Countrywide’s VIP unit processed loans for several lawmakers, including then-Senator Christopher Dodd, a Connecticut Democrat who led the committee with jurisdiction over banking; Senator Kent Conrad, a North Dakota Democrat who is chairman of the Senate Budget Committee; Republican Representatives Howard P. “Buck” McKeon and Elton Gallegly of California and Pete Sessions of Texas; and Democratic Representative Edolphus Towns of New York.

Sessions requested that he not receive special benefits or treatment from Countrywide, according to the House panel’s findings. As a result, Countrywide didn’t give Sessions a discount on his loan, the panel said in the report.

via Countrywide Loans Sought Favor With Fannie Mae, Report Says – Bloomberg.

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