You remember Friends of Angelo, Countrywide’s program to help V.I.P.’s with mortgage rates. The program is in the news again.
Rep. Darrell Issa (R-Calif.) is requesting by Wednesday eight years’ worth of documents related to the “Friends of Angelo” program, named after Countrywide’s then-CEO, Angelo Mozilo. The program allegedly offered better loan terms or waived fees for influential borrowers, such as Democratic Sens. Kent Conrad (N.D.) and Chris Dodd (Conn.).