Countrywide Made Home Loans to Gorelick, Mudd

The Wall Street Journal ^ | September 25, 2008 | Glenn R. Simpson

[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.

snip

[sirchtruth]

Ok, so she was given special treatment? It's still doesn't matter! Here's my point: Until enough people rise up and raise total hades, it doesn't matter! Do you really think people care about a politician getting special treatment on a home mortgage? You and I know what this is, but the problem is until the mentality changes it's always going to be this way. These librals probably need to be behind bars. One of the things I've noticed the most about the Clinton era is the MONEY, not the dalliances. While we were busy frothing at the mouth about "Monica," (Which was warrented) the Clinton/Gore/dems were busy raking it in for the future!

Always follow the money! Always!

[NautiNurse]

While John Q. Public couldn't get a comparable mortgage without paying points...Gorelick, Dodd, et al knew they were participants of the Countrywide Friends of Angelo VIP program as they rushed to refi their jumbo mortgages.

Where are their disclosure statements?

[Diogenesis]

Because there is NO (zed, none, nada, ZERO) accountability
bad things happen over, and over, and over, and over.

THE REAL DEAL:

PARTIAL LIST OF TERRORIST ACTIVITIES IGNORED BY McCARTHY, GORELICK, CLARKE and CLINTON,
WHO ARE AMERICAN ENABLERS OF TERRORISM WHICH MURDERS INNOCENT AMERICANS

1993 Attempted Assassination of Pres. Bush Sr., April 14,1993
1993 First World Trade Center bombing, February 26th, 7 Killed, Hundreds injured, Billions
1995 Attack on US Diplomats in Pakistan, Mar 8,1995
1996 Khobar Towers attack
1998 U.S. Embassy Bombing in Peru, Jan 15, 1998
1998 U.S. Kenya Embassy blown up, 100's murdered
1998 U.S. Tanzania Embassy blown up, 100's murdered
1999 Plot to blow up Space Needle (thwarted)
2000 USS Cole attacked, many U.S. Navy sailors murdered

http://www.freerepublic.com/focus/f-news/1117579/posts
GORELICK GATE - various FR links

---

Consider: If Gorelick, Clarke and Clinton had been completely HONEST
to the American public about the Islamic-crashed airplanes, like TWA800, in the 90's
or the other Islamic terror attacks, then Americans WOULD have been on alert on 911
and would have had the opportunity to prevent the 911 Atrocities.

---

Sandy Berger-Burglar was a key beneficiary of "Gorelick’s Wall"
TIME, "The Ubiquitous Mr. Fix-It", Adam Cohen

---

John Kerry was a key beneficiary of Berger's Burglaries
Rescued: Data the Kerry/Edwards Campaign Tried to DELETE from its site! (grandpa dave found cache)

---

Berger purloined all draft revisions of a key critique of the government's response
to the millennium terrorism threat, a document that detailed Administration knowledge
– and inaction – regarding al Qaeda presence in the U.S. in 1999
and 2000. Stolen were crucial notes in the margins of these drafts
which reveal the thinking and agendas of the
Clinton Administration relating to the mounting terrorist threat.
Washington Post, "Berger Quits as Advisor to Kerry", Susan Schmidt

---

GUILTY

[NautiNurse]

Do you really think people care about a politician getting special treatment on a home mortgage?

Absolutely. When a root cause of the $700B bailout is mortgage defaults due to ARMs, politicians and quasi-government officials who received golden mortgage terms are going to be clobbered the same way people are screaming about CEO golden parachutes for failed corps.

[Diogenesis]

The American people would care IF the MSM reported the facts
rather than promulgating their twisted agenda.

Pres.Bush Called For Reform of Fannie Mae & Freddie Mac 17 Times in 2008 Alone... Dems Ignored Warnings

[jilliane]

good points (no punn)

[Rhino54]

Evidence of the Political Class knows we are chumps, intell wall of seperation, 911 commission, $960k mortgage. Her presence on the 911 commission shows how inept George W. truly is.

[NautiNurse]

fyi—Michael Reagan is on FNC describing how the public is hungry for some perp walks. He specifically named Gorelick and Raines.

[dirtboy]

Need a RICO suit here to get back the millions in bonuses paid to the likes of Gorelick, Mudd, Johnson and Raines.

[midwyf]

Do they ever have any knowledge of receiving special treatment? Amazing how people dealing with millions in loans are totally unaware of what kind of deal they got.

[savedbygrace]

The wall of separation between honest people and Gorelick.

That would be Gorelick's epidermis.

(Sorry for the image that is now seared in your brain.)

[jilliane]

Gorelick is a crook for sure...as noted in my prev. post she should be rightfully investigated...for her role in Fannie...but, the countrywide “issue” isn’t obvious... she still needed to get a personal mortgage ...they need to produce more than an inference of wrongdoing against countrywide

[B Knotts]

Somehow, we have to get the news out to Americans that this is almost entirely a Democrat-created mess. I don’t know how; the MSM is running interference for the RATS, as usual.

But it has to be done.

[NautiNurse]

Again, Gorelick received a jumbo mortgage ($960,149) at 5% interest. Jumbo mortgage rates are normally higher than conventional mortgage rates due to a) more dollars at risk, and b) higher priced property is more difficult to unload in the event of foreclosure.

Loan documents and historic prevailing interest rates are all that are needed to make the connection. Add to that a good number of disgruntled and/or pink-slipped Countrywide and Fannie Mae workerbees...We may have a nice whistle blower case to follow.

[painter]

Their pay at Fannie , I don't see them needing a mortgage.

How about a clever way to disguise a bribe.

[NautiNurse]

Excellent point. Gorelick said she got her Countrywide loan on her way out of Fannie Mae. Said she was not in a position to offer anything in return. Sounds like the definition of a golden parachute to me.

[roses of sharon]

http://ibdeditorial.com/IBDArticles.aspx?id=307149667289804

How A Clinton-Era Rule Rewrite Made Subprime Crisis Inevitable
By TERRY JONES
INVESTOR’S BUSINESS DAILY | Posted Wednesday, September 24, 2008 4:30 PM PT

One of the most frequently asked questions about the subprime market meltdown and housing crisis is: How did the government get so deeply involved in the housing market?

[TeleStraightShooter]

Gorelick needs one of these treatments.

[dfwgator]

This works for me.

[painter]

Or a payment for a “job” well done.