Country Wide Spending More $$$$$

Countrywide Spends Big Bucks on Lobbying

Countrywide Financial Corp., the nation’s largest mortgage lender and also the most troubled, spent $457,000 in the second quarter to lobby the federal government.Countrywide lobbied on foreclosure prevention, regulation of mortgage finance companies Fannie Mae and Freddie Mac, an effort to let bankruptcy judges alter the terms of mortgages and regulation of mortgage brokers, according to a July 21 filing with the U.S. House clerk's office.Countrywide, which also lobbied the Treasury Department and the Office of Thrift Supervision, spent $249,000 lobbying in the first quarter and $1.3 million lobbying last year.Source: The Associated Press (08/11/08)