Details emerge on Rep. McKeon's Countrywide loan

Feb 12, 2012 | Posted by: roboblogger | Full story: Tri-cityherald.com

Documents detail the terms of a discounted mortgage loan received by U.S. Rep. Howard McKeon from the now-defunct Countrywide Financial Corp.

Comments
1 - 11 of 11 Comments Last updated Feb 14, 2012
Lance Winslow

United States

#1 Feb 12, 2012
Typical, and not an isolated occurrence.
discount coffin

Hanoi, Vietnam

#2 Feb 12, 2012
Lance Winslow wrote:
Typical, and not an isolated occurrence.
http://en.wikipedia.org/wiki/Bank_of_America_...

dis u thinkee ;) Bank of Whu ;-00000
discount coffin

Hanoi, Vietnam

#3 Feb 12, 2012
Lance Winslow wrote:
Typical, and not an isolated occurrence.
does Silicon Valley deposite on BofA ;-000h and using Merlink Softwear
Wall Street Government

Sebastian, FL

#4 Feb 13, 2012
The newspaper cites financial disclosures and bankruptcy filings that show the Southern California Republican saw his income plummet in the years before refinancing his Stevenson Ranch home. In spite of his limited cash flow, McKeon received a favorable rate and wasn't required to produce documentation proving he could repay the mortgage.

Thousands of loans with no income verification?

"I used to live in a tent, thanks to countrywide, they let me use that as collateral."

“i hope we can change this!”

Since: Aug 08

usa

#5 Feb 13, 2012
Wall Street Government wrote:
The newspaper cites financial disclosures and bankruptcy filings that show the Southern California Republican saw his income plummet in the years before refinancing his Stevenson Ranch home. In spite of his limited cash flow, McKeon received a favorable rate and wasn't required to produce documentation proving he could repay the mortgage.
Thousands of loans with no income verification?
"I used to live in a tent, thanks to countrywide, they let me use that as collateral."
yep, TENS of THOUSANDS, just like that!

oh, and, btw, WHAT year was that?
WHO was president?
Wall Street Government

Sebastian, FL

#6 Feb 13, 2012
carey529 wrote:
<quoted text>
yep, TENS of THOUSANDS, just like that!
oh, and, btw, WHAT year was that?
WHO was president?

1998.
Bill Clinton.
Didn't you read the article?

“i hope we can change this!”

Since: Aug 08

usa

#7 Feb 13, 2012
Wall Street Government wrote:
<quoted text>
1998.
Bill Clinton.
Didn't you read the article?
duh, yeah.

which is why i put that in...

there's been a rumor from the left wing morons that the mortgage crisis was all george bush's fault...
just thought i'd take a bit of air out of that argument...

apolgies if i was TOO esoteric for you.
Wall Street Government

Sebastian, FL

#8 Feb 13, 2012
carey529 wrote:
<quoted text>
duh, yeah.
which is why i put that in...
there's been a rumor from the left wing morons that the mortgage crisis was all george bush's fault...
just thought i'd take a bit of air out of that argument...
apolgies if i was TOO esoteric for you.

That was a "rumor" that it wasn't, started by FOX and teabagger radio.
Everyone else knows better.
"Take a bit of air out of the argument"?
How do you equate McKeon's loan to the mortgage crisis?
Sounds like two friends involved in little bribery is all.
Lance Winslow

San Francisco, CA

#9 Feb 13, 2012
Wall Street Government wrote:
<quoted text>
That was a "rumor" that it wasn't, started by FOX and teabagger radio.
Everyone else knows better.
"Take a bit of air out of the argument"?
How do you equate McKeon's loan to the mortgage crisis?
Sounds like two friends involved in little bribery is all.
Two? The subject is GOP lawmakers.
Wall Street Government

Sebastian, FL

#10 Feb 13, 2012
Lance Winslow wrote:
<quoted text>Two? The subject is GOP lawmakers.
Yes, two.

Two parties.
Between Howard and Angelo.

McKeon received a $315,000 mortgage refinance in 1998 as his family-owned business

The terms were ordered by Countrywide chief executive Angelo Mozilo, according to documents subpoenaed for a House inquiry.
liza

Bridgeport, WV

#11 Feb 14, 2012
Keep blaming everyone except your leader...ITs
a plan, and its working. When and if you ever
wake up, it will too late. You care nothing for
the people or the country. You can not hide what
your intensions are.. Its not ignorance anymore,
its your aim in life. Turn- coats to your country

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