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“Let me be very clear, we are not friends of Angelo Mozilo, and we have never been a friend of his,” Dodd said of his participation in the VIP loan program run by the failed mortgage giant. “We have never communicated with him or anyone else other than loan officers at Countrywide about our mortgages. The first we ever heard of the ‘Friends of Angelo’ list was through press reports last summer.”
Dodd added: “I regret having ever done business with Countrywide.”
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He committed fraud.
Feinberg also told House investigators that Countrywide counted both of Dodd’s’ homes as primary residences.
“He was allowed to do both of those as owner-occupied, which is not allowed. You can only have one owner-occupied property. You can’t live in two properties at the same time,” he said.
Normally, Feinberg said, a second home could require more equity and could have a higher mortgage rate.
http://www.breitbart.com/article.php?id=D99N143G3&show_article=1