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Issa Releases Report – Countrywide VIP Program focussing on use of discounted loans to advance business, lobbying goals

News release: “House Oversight and Government Reform Committee Chairman Darrell Issa today released a new report following the Committee’s three year investigation into Countrywide Financial’s “Friends of Angelo” and “VIP Program” that issued discounted mortgages to influential Washington policy figures. The report finds that Countrywide used its VIP Program to aid its lobbying efforts as well as to strengthen its relationship with taxpayer backed Fannie Mae. Countrywide partnered with Fannie Mae in a strategic business alliance that also included joint lobbying efforts.”

  • How Countrywide Used Its VIP Loan Program to Influence Washington Policymakers, Staff Report Prepared for Chairman Darrell Issa, U.S. House of Representatives, 112th Congress Committee on Oversight and Government Reform. July 5, 2012
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