From appraisalnewsonline.typepad.com
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Countrywide Financial
Countrywide Financial is the nation's largest mortgage lender. Check out business news and breaking stories about Countrywide in the wake of the downturn in mortgage lending.
KB Home and Countrywide Financial Corp. have been named as defendants in a Class Action suit filed on October 30th, 2009 in the US Dist. Court for the Middle District of Florida - Orlando Division. The attached suit details alleged...
- Rick Green On The Countrywide Financial VIP Program: Capitol Watch (blogs.courant.com)
- Countrywide Financial - House Subpoena Issued on Controversial VIP Program... (blogs.courant.com)
- U.S. Sen. Chris Dodd on Countrywide Financial VIP Loan: "I Feel The Matter's... (blogs.courant.com)
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.
From latimes.com
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- Countrywide VIP loan program documents are subpoenaed (news.google.com)
A wide ranging congressional investigation into Countrywide Financial will dig into how the mortgage giant went about picking government officials to offer its VIP program, according to aides involved with the inquiry. Thanks to an agreement between Republicans and Democrats reached late Friday night, any name of a member of Congress involved in the VIP program will head straight to the ethics committee, while redacted copies of those...
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From freerepublic.com
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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.
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From digg.com
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The Treasury has announced new "capital cushion" requirements for financial institutions to reduce excessive risk and prevent taxpayer bailouts. Seems sensible enough. Perhaps the Administration will even impose those safety and soundness standards on federal agencies. One place to start is the Federal Housing Administration, the nation's insurer of nearly $750 billion in outstanding mortgages. The agency acknowledged this month that a new but...
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From freerepublic.com
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POLITICO is reporting that the House Oversight and Government Reform Committee is "moving toward" launching an investigation into Countrywide Financial's VIP loan program.
The committee is close to issuing "wide-ranging" subpoenas, according to POLITICO, though some committee members don't want to include House members as part of the probe.
Still, "any subpoena that pulls back the curtain on the VIP program would be considered a victory,'' a...
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From blogs.courant.com
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The lost Countrywide phone tapesPoliticoBut Monday's Wall Street Journal report about Countrywide Financial Corp., which refinanced mortgages for Dodd in 2003, threatens to put the brakes on his ...and more »
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From news.google.com
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