Countrywide Gave Four Members Of Congress Discounted Loans, Investigators Allege

by Larry Margasak, AP
Tuesday, February 7th, 2012

WASHINGTON — Four House lawmakers received VIP discounted loans from the former Countrywide Financial Corp., the lender whose subprime mortgages was largely responsible for the nation's foreclosure crisis, according to congressional investigators.

Rep. Darrell Issa, R-Calif., chairman of the House Oversight and Government Reform Committee, declined to name the four but has told the House Ethics Committee that it should investigate the lawmakers.

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