Rep. Darrell Issa, R-Calif., chairman of the House Oversight and Government Reform Committee, has identified four current members of the House of Representatives as being recipients of special VIP loans from Countrywide Financial Corp.
The Los Angeles Times reports that Issa has forwarded names of the representatives to the House Ethics Committee for possible investigation. The Ethics Committee did not publicly comment on the letter from Issa. The VIP program was also known by the nickname ‘Friends of Angelo,’ referring to Countrywide's controversial former CEO Angelo R. Mozilo, who has been accused of offering favorable rates and terms in his company's home loans in exchange for political influence.
‘Testimony and documents show that Countrywide used the VIP program to build relationships with government officials and others positioned to advance Countrywide's business interests,’ Issa wrote to committee chairwoman Rep. Jo Bonner, R-Ala., and ranking member Rep. Linda T. Sanchez, D-Calif.
Issa did not publicly identify the four representatives. However, Rep. Edolphus Towns, D-N.Y., has acknowledged that he received two mortgages from Countrywide, but did not affirm that the loans included special benefits.