At last, there’s some good news for taxpayers in the Countrywide Financial loan scandal. On Friday night, House oversight committee chairman Edolphus Towns (D., N.Y.) and ranking member Darrell Issa (R., Calif.) reached an agreement to subpoena documents from the “Friends of Angelo” program. Named for former Countrywide CEO Angelo Mozilo, the program provided VIP mortgages to “friends” including Senators Chris Dodd and Kent Conrad.
Said Mr. Towns, “In line with the commitment to an ethical and accountable Congress, the subpoena to Countrywide covers records that could show special treatment for Members of Congress.” This is significant, because a compromise plan floated last week would have authorized a subpoena covering—don’t laugh—all federal officials except members of Congress. Read more about Countrywide…
Do you own a law firm? Would you like to utilize our mortgage auditing services for foreclosure defense cases? Contact MFI-Miami now!
