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Loan Modification

: Mortgage Lender Implode-o-Meter

Countrywide probe snares Fannie, Freddie execs

By Implode-Explode Heavy Industries

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``The investigation revealed that Fannie Mae employees ? including an assistant to the CEO, a government relations lobbyist and a vice president for sales ? received 153 favorable loans, while 20 VIP loans were issued to employees at Freddie Mac. Countrywide Financial collapsed in the 2008 housing meltdown and was swallowed by Bank of America, but its connections to powerful political figures continue to reverberate in Washington.''

Full post as published by Mortgage Lender Implode-o-Meter on July 20, 2010 (boomark / email).

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