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National Briefing / Connecticut

Dodd says he'll refinance homes

February 03, 2009|Times Wire Reports

Senate Banking Committee Chairman Christopher J. Dodd said he would refinance two home mortgages that were being investigated by a Senate ethics panel.

Dodd, a Connecticut Democrat, said he sought no special treatment from Countrywide Financial Corp. when he refinanced his Washington and East Haddam, Conn., homes in 2003. He has acknowledged participating in a VIP program.

The bank, a leading subprime lender at the center of the mortgage meltdown, was sold to Bank of America Corp. last year and has been the focus of allegations that it gave favorable loan terms to lawmakers.

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