U.S. Senator Chris Dodd says he didn't get special treatment from Countrywide Financial Corporation when he refinanced two homes, despite being included in a VIP program.
Dodd says he'll now re-finance his mortgages with a different company after months of speculation about perks he received from Countrywide.
This past summer, it was disclosed that Dodd, Chair of the Senate Banking Commitee, was part of a special list compiled by Countrywide. These prominent customers were offered lower interest rates or float downs.
Dodd maintains he and his wife did nothing wrong, saying the rates they received were comparable to other lenders offers.
"We paid market rates, market terms, I never never sought, never expected, never received any sweetheart or special deals at all."
Countrywide, which was sold to Bank of America earlier this year, has been the focus of allegations that it gave favorable loan terms to lawmakers.