Countrywide VIP mortgage program investigation goes dark

Countrywide VIP mortgage program investigation goes dark

Probe: Congressmen, Fannie and Freddie execs got sweet Countrywide loans. of discounted loans while countrywide mortgage ran a VIP program for borrowers with. Countrywide VIP Program wrote.

Dodd has said he knew he was in a VIP program but thought it included better customer service — not special mortgage deals. "I hope that today’s dismissal will go a long. documents from.

The Countrywide financial political loan scandal in 2008-2009 involved U.S. politicians who allegedly received favorable mortgage rates.. In June 2008 conde nast portfolio reported that numerous Washington, DC politicians over recent years had received mortgage financing at noncompetitive rates at Countrywide Financial because the corporation placed the officeholders in a program called "FOA’s.

Countrywide has been accused of influencing key members of the Congress to earn favors. Following an intensive investigation, House of Representatives’ Oversight and Government Reform Committee.

Treasury report advocates slashing GSE jumbo loan ceiling The Treasury report also said lowering conforming loan limits on jumbo mortgages and requiring a 10% down-payment for GSE loans will eventually ease the mortgage market back to the private sector.

CHRIS DODD UPDATE: Democrats resist subpoenaing VIP mortgage records. "House Democrats have declined to subpoena available records that might reveal whether other members of Congress got discounted VIP mortgages from subprime lender Countrywide Financial Corp. similar to the sweetheart deals given Democratic Sens. Chris Dodd and Kent Conrad."

Furthermore, the committee investigation found that the actual mortgage rates offered to Dodd and Conrad under the VIP program "were not the best deals available at Countrywide or in. Chris Dodd.

The Department of Justice today filed its largest residential fair lending settlement in history to resolve allegations that Countrywide Financial Corporation and its subsidiaries engaged in a widespread pattern or practice of discrimination against qualified African-American and Hispanic borrowers in their mortgage lending from 2004 through 2008.

Back in the early 1990s, when Countrywide was climbing to the top of the mortgage industry. 63-page report that analyzed Countrywide’s VIP program and Mr. Mozilo’s successful scheme to buy.

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Team Sonny Romano at Mortgage Network PHOENIX-On March 7, 2012, Paige Kinney, aka JamieLee Lawler, 43, of Phoenix, was sentenced to 15 years in prison by U.S. District Judge Neil V. Wake. Kinney had previously pleaded guilty to various charges related to a mortgage fraud scheme and to charges of bankruptcy fraud, wire fraud, mail fraud, and bank fraud in two separate indictments.

Bank of America Liable for Mortgage "Hustle" Program. a single Countrywide program that lasted several months and ended before Bank of America’s acquisition of the company," a spokesman.

Mortgage prepayments rise and delinquencies fall in April, Black Knight says Black Knight is a leading provider of integrated software, data and analytics solutions that facilitate and automate many of the business processes across the home ownership life-cycle.. continued improvement Pushes Mortgage Delinquencies to New Record Low in May; Prepayment Activity Doubles.

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