Human Resource Selection 9th Edition by Marianne Jennings

Exercise 16

Countrywide, the problem mortgage company that was acquired by Bank of America, was once the largest mortgage lender in the country and the biggest supplier of mortgages to Fannie Mae's secondary market program. (Fannie Mae has since collapsed.)Countrywide released information that indicated it made additional loans to Fannie Mae officials at favorable rates. Referred to as the Friends of Angelo group, these officials received favorable rates and expedited service. The following chart shows the officials, their titles at Fannie Mae, and their loan amounts, rates, and terms.