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Dodd Says He'll Refinance Countrywide Loans
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Candidate
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Contributor | J.R. |
Last Edited | J.R. Feb 02, 2009 01:30pm |
Category | News |
News Date | Feb 02, 2009 01:30pm |
Description | HARTFORD - Connecticut Sen. Chris Dodd says he'll refinance two mortgages that he received through a VIP program from Countrywide Financial Corp.
Dodd told reporters in his Hartford office Monday that the mortgages for his homes in Washington and East Haddam, Conn. will be refinanced with a different company.
The chairman of the Senate Banking Committee says a third party will be involved in choosing the new bank.
Dodd has acknowledged receiving mortgages in 2003 through a VIP program at Countrywide, which was sold to Bank of America Corp. earlier this year and has been the focus of allegations that it gave favorable loan terms to lawmakers. |
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