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Dodd, Conrad told deals were sweetened
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Candidate
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| Contributor | J.R. |
| Last Edited | J.R. Jul 27, 2009 04:17pm |
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| Category | News |
| Media | Newspaper - Washington Post |
| News Date | Monday, July 27, 2009 10:00:00 PM UTC0:0 |
| Description | WASHINGTON -- Despite their denials, influential Democratic Sens. Kent Conrad and Chris Dodd were told from the start they were getting VIP mortgage discounts from one of the nation's largest lenders, the official who handled their loans has told Congress in secret testimony.
Both senators have said that at the time the mortgages were being written they didn't know they were getting unique deals from Countrywide Financial Corp., the company that went on to lose billions of dollars on home loans to credit-strapped borrowers. Dodd still maintains he got no preferential treatment.
Dodd got two Countrywide mortgages in 2003, refinancing his home in Connecticut and another residence in Washington. Conrad's two Countrywide mortgages in 2004 were for a beach house in Delaware and an eight-unit apartment building in Bismarck in his home state of North Dakota. |
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