Conrad, Dodd were given special deals, rates by mortgage lending giant
WASHINGTON - Despite their denials, influential Democratic Sens. Kent Conrad and Chris Dodd were told from the start they were getting VIP mortgage discounts from one of the nation’s largest lenders, the official who handled their loans has told Congress in secret testimony.
Both senators have said that at the time the mortgages were being written they didn’t know they were getting unique deals from Countrywide Financial Corp., the company that went on to lose billions of dollars on home loans to credit-strapped borrowers. Dodd still maintains he got no preferential treatment.
Dodd got two Countrywide mortgages in 2003, refinancing his home in Connecticut and another residence in Washington. Conrad’s two Countrywide mortgages in 2004 were for a beach house in Delaware and an eight-unit apartment building in Bismarck in his home state of North Dakota.
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5 comments:
This is what happens when our representitives don't do their jobs and read the bills they vote for.
This is just another example of the state of corruption in DC today.
No Tim,
This is criminal behavior.
ooooooo suprise suprise! gasp! What?
Dodd is the very definition of sleazy.
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