Monday, December 19, 2011

House probe claims 4 members received discounted loans

WASHINGTON – Congressional investigators said Monday that four House members received VIP discounted loans from former Countrywide Financial, a lender whose subprime mortgages were at the forefront of the nation's foreclosure crisis.

Rep. Darrell Issa, R-Calif., chairman of the House Oversight and Government Reform Committee, declined to name the four but wrote the House Ethics Committee, requesting that it investigate the lawmakers.

Issa, in a letter dated Friday and released Monday, said there could be additional lawmakers who received discounted loans.

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