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Home » Store » News » Probe Finds Countrywide Gave Sweetheart Loans To Fannie Personnel to Obtain Lower G-Fees

Probe Finds Countrywide Gave Sweetheart Loans To Fannie Personnel to Obtain Lower G-Fees

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A bipartisan probe by the House Committee on Oversight and Government Reform into the controversial VIP Mortgage Program by Countrywide has found that more than 100 employees at Fannie Mae, including top executives, got such loans as part of the lender’s strategy to extract a lower guarantee fee from the government-sponsored enterprise, while keeping Freddie Mac at bay...
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