Thursday, September 25, 2008

Let Me Call You Sweetheart, Jamie Gorelick


Countrywide Financial Corp., the biggest U.S. mortgage lender, made large, previously undisclosed home loans to two additional executives of Fannie Mae, the government-chartered firm at the center of the U.S. credit crisis.

One of Countrywide's previously undisclosed customers at Fannie was Jamie Gorelick

Another Countrywide client was recently ousted Fannie Mae Chief Executive Daniel Mudd,

The Gorelick note was "special"!

Ms. Gorelick received a rate of 5% for the first 10 years on a $960,149 refinancing. The transaction was handled by another employee who sat next to him, Mr. Feinberg said. The average market rate for loans of the type obtained by Ms. Gorelick and Mr. Raines fluctuated around 6% at that time, according to data from HSH Associates Inc

Ms. Gorelick cannot recall that her treatment was "special."

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