Largest mortgage lender in the country

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Countrywide, the problem mortgage company that was acquired by Bank of America, was once the largest mortgage lender in the country and the big-gest supplier of mortgages to Fannie Mae's secondary market program. (Fannie Mae has since collapsed.) Countrywide released information that indicated it made additional loans to Fannie Mae officials at favor-able rates. Referred to as the Friends of Angelo group, these officials received favorable rates and expedited service. The following chart shows the officials, their titles at Fannie Mae, and their loan amounts, rates, and terms.

Reference no: EM133576563

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