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(Image from article: "Subpoenas issued over Countrywide VIP loan program")

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Subpoenas issued over Countrywide VIP loan program

The House Oversight committee is investigating the role of the nation's largest mortgage companies in the financial crisis. Under pressure from Republicans, a House committee has subpoenaed documents related to Countrywide Financial Corp.'s VIP program, which offered preferential treatment to well-connected or powerful mortgage customers.

House Democrat received Countrywide loans: report

A leading Democrat in the House of Representatives who has rebuffed Republican efforts to subpoena records of a mortgage program for favored borrowers at Countrywide Financial Corp got home loans from that lender, the Wall Street Journal reported on Friday.

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