Advertising

The Seattle Times Company

NWjobs | NWautos | NWhomes | NWsource | Free Classifieds | seattletimes.com

Politics & Government


Our network sites seattletimes.com | Advanced

Postman on Politics

Chief political reporter David Postman explores state, regional and national politics.

E-mail| About the blog | From the archive| RSS feeds Subscribe | Blog Home

June 26, 2008 6:53 AM

Cantwell has Countrywide mortgage

Posted by David Postman

Politico reports that Sen. Maria Cantwell "has a mortgage with Countrywide Financial Corp. — the same company that provided special VIP mortgage deals to Senate Banking Committee Chairman Chris Dodd (D-Conn.) and Sen. Kent Conrad (D-N.D.)"

Politico requested mortgage information from senators and as of yesterday only Cantwell had failed to respond.

Presented with public records Wednesday, Cantwell spokeswoman Ciaran Clayton said that Cantwell originally obtained the mortgage on her Edmonds, Wash., home from U.S. Bank but that U.S. Bank subsequently sold the loan to Countrywide.

It’s a common practice for mortgages to be sold after they’re originated, and the transfer often happens without any involvement by the homeowner.

Asked if Cantwell had any contact with Countrywide during the transaction, Clayton said, “Not that I’m aware of.” Asked if Cantwell received any special terms on the loan, Clayton said, “I don’t know the details.” Clayton said Cantwell’s Washington, D.C., condominium is financed through U.S. Bank.

Yesterday Gov. Chris Gregoire accused Countrywide of predatory and discriminatory lending.

UPDATE: Clayton just called. She says Cantwell received no special terms on her loan. She said the office did not see the written request for mortgage information from Politico and there was no intent to avoid the questions.

When a Politico reporter called, Clayton said she answered all the questions posed to her.

Digg Digg | Newsvine Newsvine

Comments
No comments have been posted to this article.
Recent entries

Sep 18, 08 - 07:21 AM
The new blog

Sep 8, 08 - 11:01 AM
Please stay tuned

Sep 4, 08 - 08:19 PM
The McCain speech

Sep 4, 08 - 02:38 PM
Another one bites the dust

Sep 4, 08 - 07:42 AM
Palin sets high bar for McCain

Advertising

Marketplace

Advertising

Advertising

Categories
Calendar

February

Sun Mon Tue Wed Thu Fri Sat
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
Browse the archives

September 2008

August 2008

July 2008

June 2008

May 2008

April 2008