NBC news reported that the Justice Department's investigation into wrongdoing at Countrywide has expanded to include investigations into special "VIP" mortgages. It is alleged that certain VIPs were given discounts on interest rates and preferential treatment. Former Countrywide loan officer Robert Feinberg was questioned by a six-person team that included prosecutors from the Justice Department's Public Integrity section, a division that deals with cases of public corruption.MSNBC: Feds Probe Countrywide's 'VIP' program (October 30, 2008)
Countrywide Investigaton News
On Deadline (USA Today): Report: Feds question 'preferential treatment' lender... (October 30, 2008)
The Weekly Standard: Chris Dodd under Investigation for Sweatheart Mortgage Deal (October 30, 2008)
Hartford Courant: 'Friends Of Angelo' Were VIPs, And Knew It (October 28, 2008)
MSNBC: Feds Probe Countrywide's 'VIP' program (October 30, 2008)
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References
Fast Facts
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Fact:
Team of federal prosecutors met with former loan officer Robert Feinberg in late October 2008
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Fact:
Said VIPs would get special discounts on interest rates and feesMSNBC: Feds Probe Countrywide's 'VIP' program (October 30, 2008)
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Fact:
Said Countrywide's VIP customers were nicknamed "Friends of Angelo's"
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Fact:
Friends of Angelo refers to the associates former CEO Angelo Mozilo favored
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Former cabinet members who allegedly benefited
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Former Fannie Mae CEO's benefited
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Fact:
