January 23rd, 2012 
davidguide A California congressman was caught off guard when he learned he was among a group of legislators who received a home-equity loan at special terms from Countrywide Financial Corp. VIP program. Rep. Elton Gallegly (R-Calif.) closed on a $77,000 HEL eight years ago at a rate of 5.75 percent. The first mortgage in the transaction was with Chase at 4.25 percent. Gallegly claims he sold the property less than a year after financing the loans.
View full post on Mortgage Stories
Posted in 
Tags: 
