Report: Countrywide tried to influence policymakers

Lawmakers positioned to affect GSE reform received discounted loans

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Mortgage lender Countrywide Financial Corp. gave sweetheart deals on mortgage loans to members of Congress and other influential Washington policymakers with the goal of reaping political and financial benefits, according to a Congressional committee report.

The report, released earlier this month, is the result of a three-year investigation by the U.S. House of Representatives’ Committee on Oversight and Government Reform, chaired by Republican Rep. Darrell Issa.