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Loan Modification

: Mortgage Lender Implode-o-Meter

Countrywide VIP loans reached deep into Fannie Mae

By Implode-Explode Heavy Industries

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"Countrywide's VIP section, established to handle preferential mortgages for favored customers, serviced a variety of Fannie employees who handled Fannie's business of buying mortgages and selling mortgage-backed bonds. Recipients included an account manager, a lobbyist, underwriters, lawyers, a home loan manager, a sales executive and a credit risk manager."

Full post as published by Mortgage Lender Implode-o-Meter on July 21, 2010 (boomark / email).

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