Hartford (WTNH) - Sen. Chris Dodd says he'll refinance two mortgages that hereceived through a VIP program from Countrywide Financial Corp.From the beginning, Dodd has denied that he received specialtreatment and a "sweatheart" deal from the mortgage lender at thecenter of the mortgage meltdown.
Dodd apologized for the delay in the release of the documentspertaining to the refinancing of his homes in Connecticut andWashington, D.C.
"No question I think people are wondering are you hidingsomething so I apologize. I really thought the Ethics Committeewould act sooner," Dodd said.
The Senate Ethics Committee is investigating the matter and Doddclaims he wanted to release the documents at the same time thecommittee released it's findings. But with his reputation and pollnumbers taking a hit, Dodd couldn't wait any longer.
Dodd released a report by a firm hired by his attorney showingthe interest rates and terms the Dodd's received were along thesame lines available to the public. Reporters were allowed toexamine the actual documents at the senator's Hartford office.
Sen. Dodd and his wife Jackie agreed to one on one interviewswith the media after releasing the reports.
Alan Cohn: How did you first learn about the VIP program?
"We asked what the VIP program was. They told us it was enhancedcustomer service," said Dodd.
Cohn: Would you have been better advised, even though you werewell qualified for the VIP program, to say thank you no?
"If I had any sense of that I would have terminated therelationship with that operation immediately," Dodd responded.
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