angelo program. it names a string of lawmakers from both party, democrats and republicans who benefited from this vip treatment. kent conrad. former democratic senator chris dodd. republican house armed services committee chairman buck mckeon. all three deny any wrongdoing. the report also says the former ceo of fannie mae, officials at freddie mac and a secretary of housing and urban development were also in this friends of angelo program. so were congressional staffers from both parties that played a role in legislation that affected countrywide. these vips got, as i said, favorable mortgage rates and points. one, adolfous towns, was a chairman of the house oversight committee, the very same committee investigating countrywide. he also denies any wrongdoing. according to the house report, documents and testimony obtained documents and testimony obtained by the committee show the vip loan program was a tool used by country wide to build good will with lawmakers and other ind
program giving a lot of people on capitol hill this preferential treatment. it was called the friends of angelo program now, the report today names a string of lawmakers and regulators from both parties, democrats and republicans, who benefited from this vip treatment. senate budget committee chairman, for instance, democrat kent conrad. former democratic senator chris dodd. republican house armed services committee chairman buck mckeon. all three deny any wrongdoing. the former ceo of fannie mae, officials at freddie mac and a secretary of housing and urban development were also in this friends of angelo program. so were congressional staffers from both parties that played a role in legislation that affected countrywide. these vips got favorable mortgage rates and points. one was a chairman of the house oversight committee, the very same committee investigating countrywide. he also denies any wrongdoing. according to the house report, documents and testimony obtained by the
it was called the friends of angelo program now, the report today names a string of lawmakers and regulators from both parties, democrats and republicans, who benefited from this vip treatment. senate budget committee chairman, for instance, democrat kent conrad. former democratic senator chris dodd. republican house armed services committee chairman buck mckeon. all three deny any wrongdoing. the former ceo of fannie mae, officials at freddie mac and a secretary of housing and urban development were also in this friends of angelo program. so were congressional staffers from both parties that played a role in legislation that affected countrywide. these vips got favorable mortgage rates and points. one was a chairman of the house oversight committee, the very same committee investigating countrywide. he also denies any wrongdoing. according to the house report, documents and testimony obtained by the committee show the vip loan program was a tool used by country wide to build
countrywide s ceo, oversaw the program giving a lot of people on capitol hill this preferential treatment. it was called the whole program was called, if you can believe it, the friends of angelo program. now, the report today names a string of lawmakers and regulators from both parties, democrats and republicans, who benefited from this vip treatment. senate budget committee chairman, for instance, democrat kent conrad. former democratic senator chris dodd. republican house armed services committee chairman buck mckeon. all three deny any wrongdoing. the former ceo of fannie mae, officials at freddie mac and a secretary of housing and urban development were also in this friends of angielo program. so were congressional staffers from both parties that played a role in legislation that affected countrywide. these vips got favorable mortgage rates and points. one was a chairman of the house oversight committee, the very same committee investigating countrywide. he also denies
Regulation on the lending industry. all of this according to a house committee report. that report showing six current and former lawmakers each accepted preferential loans which were not available to the public. country wide, of course, was a major lender servicing some 9 million u.s. mortgages including many risky loans to unqualified buyers. the type of loans that led to the housing crisis four years ago. our mike emanuel live with the news in our d.c. newsroom. mike, this was a three year long probe. well, that s right, harris. country wide apparently had a special v.i.p. unit with 13 full-time staffers dedicated providing enhanced customer service. they offered some lawmakers key staffers, and other officials better loan rates or cut fees. a key congressman on the house oversight committee says it was all done with a purpose. well, there was a reason that they were doing. this they weren t just trying to be nice guys. they didn t offer this to the public. they went after celeb