Countrywide Financial
Kent Conrad’s Ties To Angelo Mozilo And The Countrywide Loan Scandal
Kent Conrad on the advise of James Johnson called Angelo Mozilo to receive a loan for $1,070,000 at well below normal loan rates and fees. He did this a second time a few weeks later, and received a second loan for $96,000,00.
Donna Shalala’s Ties To Angelo Mozilo And The Countrywide Loan Scandal
Donna Shalala received two loans from Countrywide through contact Angelo Mozilo. The first for $338,685 and the second for $202,300. The intrest rates on both loans were floated down.
Chris Dodd’s Ties To Angelo Mozilo And The Countrywide Loan Scandal
Chris Dodd received two loans. The first was $506,000 for a refinance of a house in Washington, the second was for $275,042 for a refinance of his home in Connecticut. The total amount of money he would have saved over the life of the loans was $75,000.
Kent Conrad Denies Contacting Angelo Mozilo
Started 2008-05-12Ended 2008-05-12
Conrad clams: “I never met Angelo Mozilo” and “I have no way of knowing how they categorized my loan. I never asked for, expected or was aware of any special treatment. From what we have been able to determine, it appears that we were given a competitive rate”
Revealed That Kent Conrad Did Call Angelo Mozilo
Started 2008-06-17Ended 2008-06-17
Kent Conrad outed that he did in fact call Angelo Mozilo just prior to receiving his discounted loan even though he claimed previously that he had never met him.
James Johnson’s Ties To Angelo Mozilo And The Countrywide Loan Scandal (1st and 2nd Loan)
loan for $1,000,000 to refinance home in Washington, and saved $13,000 from point reductions. borrowed $1,300,000 to refinance California home and saved $24,000 from point reductions.
James Johnson’s Ties To Angelo Mozilo And The Countrywide Loan Scandal (3rd Loan)
Borrowed $3,000,000 to buy a new home in California.
Alphonso Jackson’s Ties To Angelo Mozilo And The Countrywide Loan Scandal (1st Loan)
Alphonso Jackson borrowed $346,331 for a refinance of a home in Virginia.
Alphonso Jackson’s Ties To Angelo Mozilo And The Countrywide Loan Scandal (2nd Loan)
Ended 2004-01-21
Alphonso Jackson received a loan for $308,000 for a new home in South Carolina.
Kati Marton & Richard Holbrooke’s Ties To Angelo Mozilo And The Countrywide Loan Scandal (
Kati Marton then wife of Richard Holbrooke took out $1,400,000 dollars to refinance two of their homes. Point reductions were around 1.25 or a savings of $15,000.
Kati Marton & Richard Holbrooke’s Ties To Angelo Mozilo And The Countrywide Loan Scandal (
Kati Marton then wife of Richard Holbrooke took out a second loan for $1,200,000 dollars to refinance a home in Colorado. Point reductions were around 1.25 or a savings of $15,000.
David Holbrooke’s Ties To Angelo Mozilo And The Countrywide Loan Scandal
David Holebrooke son of Richard Holbrooke took out a loan for $559,500 and received a half-point decrease to refinance a home in New York. Then received a second point reduction on another loan for $428,000 to buy another level of the New York building they live in. Total cost savings $54,000.
Chris Dodd Denies Knowing About Countrywide Special Treatment
Started 2008-06-13Ended 2008-06-13
Dodd’s spokesman Bryan DeAngelis states “the Dodds have said from the beginning, they did not seek or expect any special rates or terms on their loans and they never received any; they were never offered special or sweetheart deals and if anyone had made such an offer, they would have severed that relationship immediately,”
Chris Dodd Admits To Being A Countrywide ’VIP’
Started 2008-06-17Ended 2008-06-17
Chris Dodd flip-flops on former comments about not getting any special treatment from Countrywide.
Senate Ethics Panel Clear Chris Dodd And Kent Conrad
Started 2009-08-07Ended 2009-08-07
Despite both of them lying about details of the loans they received both Dodd and Conrad are cleared by the Senate ethics committee. The AP article states that the committee says that in the future the seniors should “avoid the appearance of sweetheart deals”.