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South Florida

Senator Dodd’s loan controversy

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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.