
Senator donates money over loan dealJun 14 2008 3:18PM -
Associated Press ![]() Eds: APNewsNow
By MARY CLARE JALONICK
Associated Press Writer
Washington (AP) A North Dakota senator says he is donating
$10,500 to charity and refinancing his loan on an apartment
building after reviewing documents that show he received special
treatment from Countrywide Financial Corp.
Sen. Kent Conrad, a Democrat, said on Saturday that it appears that Countrywide waived 1 point on his mortgage for a Bethany Beach, Del., vacation home. He said he would donate the equivalent amount of money to Habitat for Humanity. Conrad said he reviewed documents provided to him by Countrywide and reporters after it was reported by Conde Nast Portfolio magazine's Web site that he and Senate Banking Committee Chairman Chris Dodd, a Connecticut Democrat, got preferential treatment on their mortgages. (Copyright 2008 by The Associated Press. All Rights Reserved.) APNP 06-14-08 1507CDT Comments Posted by KXNet.com Users
Posted by Tim Mathern on Jun 14 2008 7:25PM -
This is a very generous donation in itself and more so considering there was no wrong doing on Senator Conrad's part. It will be put to good use by a great organization to help a family with no home.
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