Senator Chris Dodd released the details of his Countrywide mortgages. In a statement released with it he said that he would refinance the loans. But, please, pay no attention to this fact:
“Jackie and Chris have “decided to refinance (their) homes”, which seems unremarkable, given that they had an ARM that guaranteed their rates for 5 years and the rates re-set last July or so, I gather. Who wouldn’t at least try to refinance?”
h/t to ctblogger and greenpeas, with more commentary, videos and documents available at the link.
