Dodd Repeats Denial of Mortgage Wrongdoing
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
DANBURY, Conn. — Senator Dodd says the controversy over two loans he received will not compromise his ability to lead Congress’ efforts to ease the subprime mortgage meltdown.
Mr. Dodd’s comments came before a speech to the local Chamber of Commerce at Danbury today.
The Senate Banking Committee chairman repeated that he received no special treatment from Countrywide Financial Corp.
Conde Nast Portfolio magazine’s Web site first reported more than a week ago that Countrywide made two loans at special rates to Dodd in 2003 to refinance homes in East Haddam, Connecticut, and Washington. The loans were reportedly part of a program that gave preferential rates to “friends” of the company’s chairman and chief executive, Angelo Mozilo.