Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Countrywide's friends in high places Daniel Golden of rounds up the list of government officials making the news for having received loans from Countrywide Financial on special terms: U.S. Sens. Chris Dodd, D-Conn., and Kent Conrad, D-N.D.; former UN Ambassador Richard Holbrooke; former Secretary of Health and Human Services Donna Shalala; former HUD Secretary Alphonso Jackson; and former Barack Obama advisor and ex-Fannie Mae CEO James Johnson. All but Jackson are Democrats. Two other prominent Democrats -- former California Treasurer Kathleen Brown and Bill Clinton's Secretary of Housing, Henry Cisneros -- have resigned their positions on Countrywide's board (see Inman Blog). Most sales in Sacramento are REOs About 66 percent of the homes sol...