Monday, January 16, 2012

AP source: House Republicans got discounted loans

Elton Gallegly

WASHINGTON (AP) — Two veteran House Republicans received discounted mortgage loans from the now-defunct Countrywide Financial Corp. under a VIP program, a congressional official said Friday.

The discounts went to Reps. Howard McKeon and Elton Gallegly of California, said the official, who was not authorized to speak publicly about the loans and requested anonymity. Their identities were first reported by The Wall Street Journal.

The House Oversight and Government Reform Committee has been investigating whether members of Congress received VIP discounts. The Associated Press reported previously that four House members had received the discounts. One of the four remains unidentified publicly.  READ MORE

Howard McKeon

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