AP source: House Republicans got discounted loans

[Judi Lynn]

AP source: House Republicans got discounted loans
Jan. 13, 2012 09:13 PM
Associated Press

WASHINGTON -- Two veteran House Republicans received discounted mortgage loans from the now-defunct Countrywide Financial Corp. under a VIP program, a congressional official said Friday.

The discounts went to Reps. Howard McKeon and Elton Gallegly of California, said the congressional official, who was not authorized to speak publicly about the loans and requested anonymity. Their identities were first reported by the Wall Street Journal.

The House Oversight and Government Reform Committee has been investigating whether members of Congress received VIP discounts. The Associated Press reported previously that four House members had received the discounts. One of the four remains unidentified publicly.

Records show that Rep. Edolphus Towns, D-N.Y, also received discounts. Towns told the AP previously that he was not aware of receiving any discounts. McKeon and Gallegly told the Journal that they also were not aware of receiving discounted loans and did not know their mortgages were processed by the VIP unit.

More:
http://www.azcentral.com/news/articles/2012/01/13/20120113ap-source-house-republicans-got-discounted-loans.html

[louslobbs]

1. Sure they didn't know wink wink. Kicked

Lou

[sce56]

2. Interesting that must have factored into the his decision to retire!

He was redistricted that put his home in another district within a sitting Repug!

[PSPS]

3. More "friends of Angelo."

[Octafish]

4. Wouldn't that be bribery?

Donald Siegelman and Richard Scrushy have been told it is.

[closeupready]

5. Oh, please. Get with it. This is the 21st Century.

[IamK]

6. it was actually 2 democrats and 2 republicans....

It was previously revealed that Sen. Kent Conrad, D-N.D., and Chris Dodd, D-Conn., while still a senator, had received VIP loans from Countrywide. Both said they did not know they were getting unique deals and Dodd maintained he received no preferential treatment. Dodd is no longer in the Senate and Conrad has announced he will not seek reelection next year.

http://www.usatoday.com/money/economy/housing/story/2011-12-19/congress-discounted-loans-countrywide/52065930/1