do I really have to say it???
Posted on 09/25/2008 3:41:49 AM PDT by abb
Countrywide Financial Corp., the biggest U.S. mortgage lender, made large, previously undisclosed home loans to two additional executives of Fannie Mae, the government-chartered firm at the center of the U.S. credit crisis.
One of Countrywide's previously undisclosed customers at Fannie was Jamie Gorelick, an influential Democratic Party figure whose $960,000 mortgage refinancing in 2003 was handled through a program reserved for influential figures and friends of Countrywide's chief executive at the time, Angelo Mozilo. Ms. Gorelick was Fannie Mae's vice chairman at the time. [Former Deputy Attorney General Jamie Gorelick, listening to testimony on Capitol Hill in April, got a Countrywide refinancing while at Fannie Mae.] Associated Press
Former Deputy Attorney General Jamie Gorelick, listening to testimony on Capitol Hill in April, got a Countrywide refinancing while at Fannie Mae.
Another Countrywide client was recently ousted Fannie Mae Chief Executive Daniel Mudd, though it isn't clear whether he received special treatment on two $3 million mortgage refinancings he made when he was the company's chief operating officer.
In an interview, Ms. Gorelick said she had no knowledge of receiving special treatment. A financial adviser to Mr. Mudd said he received interest rates in line with the prevailing market.
The Fannie loans -- including a series of already reported preferential loans to former Fannie chief executives James Johnson and Franklin Raines -- underscore the close connections between Countrywide and Fannie Mae and raise potential conflict-of-interest issues.
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(Excerpt) Read more at online.wsj.com ...
I'm surprised they could find her, to "interview" her about it.
Their pay at Fannie , I don't see them needing a mortgage.
So what? I really don’t understand why this would matter?
Was it illegal? Was it QPQ? Who cares?
Please pull this thread. already posted.
Yep and it’s time to make this Jamie Gorelick pay. What makes me really angry is that this person(if that’s what you want to call her)could sit in public knowing full well that she was part of this subversion on America.
I say not only jail her; but try her for treason. It’s time to make this criminal and Anti-America scum pay.
do I really have to say it???
Use the same tree, same rope and same horse as we did for John Walker Lindh.
Gorelick Ordering Mudd to write the loan!
2003 Historical Rates
Weekending |
30 year FRM |
15 year FRM |
1 year ARM |
| 1/3/2003 | 5.85 | 5.24 | 4.06 |
| 1/10/2003 | 5.95 | 5.33 | 4.03 |
| 1/17/2003 | 5.97 | 5.36 | 4.03 |
| 1/24/2003 | 5.91 | 5.31 | 3.93 |
| 1/31/2003 | 5.90 | 5.28 | 3.89 |
| 2/7/2003 | 5.88 | 5.27 | 3.89 |
| 2/14/2003 | 5.86 | 5.26 | 3.89 |
| 2/21/2003 | 5.84 | 5.21 | 3.81 |
| 2/28/2003 | 5.79 | 5.14 | 3.83 |
| 3/7/2003 | 5.67 | 5.01 | 3.76 |
| 3/14/2003 | 5.61 | 4.93 | 3.68 |
| 3/21/2003 | 5.79 | 5.11 | 3.75 |
| 3/28/2003 | 5.91 | 5.21 | 3.84 |
| 4/4/2003 | 5.79 | 5.06 | 3.82 |
| 4/11/2003 | 5.85 | 5.17 | 3.80 |
| 4/18/2003 | 5.82 | 5.12 | 3.79 |
| 4/25/2003 | 5.79 | 5.12 | 3.79 |
| 5/2/2003 | 5.70 | 5.03 | 3.74 |
| 5/9/2003 | 5.62 | 4.97 | 3.66 |
| 5/16/2003 | 5.45 | 4.84 | 3.67 |
Just put photos of these houses on the web.
A former Countrywide employee, Robert Feinberg, said that Ms. Gorelick's business was handled through the firm's VIP lending department in California, and the staff there was aware of her position as a senior Fannie executive."I know 100% she went through the VIP department," Mr Feinberg said, adding that VIP clients such as Ms. Gorelick typically received a one percentage point reduction in their interest rate.
Ole Mazola Oil really was busy with cheap loans for the people buying his mortgages. He probably took care of Barney while in a taning booth.
Giggle.
They better start investigating every industry that gives special treatment and freebies to VIPs - while Gorelick will be the center of the investigations rightfully so, she does need a mortgage - should she have taken it out through Fannie?
Other People’s Money.
Mortgage is deductable and your money can work to buy more “stuff”
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