Connecticut Senator Christopher Dodd said the controversy over loans he received from Countrywide Financial Corp. will not affect his ability to lead Congress in easing the subprime mortgage crisis. Dodd said he does not think he got special treatment from Countrywide, despite Condo Nast Portfolio’s report that he got a “V.I.P” program deal, including below-market rates of 4.25 percent interest on a $506,000 refinancing loan and 4.5 percent on a $275,000 loan.
Senator Dodd’s loan controversy
|Angelo, Gordon & Co. sells rental community west of Boca Raton for $64M|
|Movers & Shakers: Elliman promotes two managing directors & more|
|Mexican real estate investors focus on South Florida amid heated presidential race|
|Foreclosure fight heats up: Trial could give Schecher Group nearly complete control of Miami Beach’s Sixty Sixty Resort|
|NY investors buy Universal Palms Hotel in Oakland Park|