Missoulian: House members' VIP loans excluded from subpoena
How Countrywide Used its VIP Loan Program To InfluenceWashington Policymakers
“Between January 1996 and June 2008, Countrywide’s VIP loan unit made hundreds of loans to current and former Members of Congress, congressional staff, high ranking government officials, and executives and employees of Fannie Mae, including Chairmen James “Jim” Johnson, Franklin Raines, and Daniel Mudd. VIPs who worked at Fannie Mae enjoyed expedited loan processing and pricing discounts. Countrywide also waived company guidelines for Fannie Mae’s senior executives to a greater extent than it did for “regular” VIPs.”
“Between January 1996 and June 2008, Countrywide’s VIP loan unit made hundreds of loans to current and former Members of Congress, congressional staff, high ranking government officials, and executives and employees of Fannie Mae, including Chairmen James “Jim” Johnson, Franklin Raines, and Daniel Mudd. VIPs who worked at Fannie Mae enjoyed expedited loan processing and pricing discounts. Countrywide also waived company guidelines for Fannie Mae’s senior executives to a greater extent than it did for “regular” VIPs.”
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