(Photo by Robin Holland) Below is an article by JOURNAL writer Michael Winship. We welcome your comments below. Let Me Call You Sweetheart… Loans By Michael Winship Pity poor Ed McMahon. Remember Johnny Carson’s sidekick on The Tonight Show, host of Star Search, the guy who used to deliver flabbergasted citizens those multi-million dollar checks from Publishers’ Clearinghouse? With his own big paydays largely in the past, he’s nearly $644,000 behind in his payments on a $4.8 million mortgage. Countrywide Financial Corporation, the country’s biggest home mortgage lender, may soon foreclose on his Beverly Hills mansion. Ed might fare better with Countrywide if he had a government job. Last week, Jim Johnson, former chief of staff for Vice President Walter Mondale and CEO of the federally-chartered banker Fannie Mae, which buys and resells mortgages, had to resign from his position as head of the task force looking for Barack Obama’s running mate. The Wall Street Journal reported that Countrywide – Fannie Mae’s largest mortgage provider – gave him preferential treatment for millions of dollars in personal loans. ...
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(Photo by Robin Holland) Below is an article by JOURNAL writer Michael Winship. We welcome your comments below. Let Me Call You Sweetheart… Loans By Michael Winship Pity poor Ed McMahon. Remember Johnny Carson’s sidekick on The Tonight Show, host of Star Search, the guy who used to deliver flabbergasted citizens those multi-million dollar checks from Publishers’ Clearinghouse? With his own big paydays largely in the past, he’s nearly $644,000 behind in his payments on a $4.8 million mortgage. Countrywide Financial Corporation, the country’s biggest home mortgage lender, may soon foreclose on his Beverly Hills mansion. Ed might fare better with Countrywide if he had a government job. Last week, Jim Johnson, former chief of staff for Vice President Walter Mondale and CEO of the federally-chartered banker Fannie Mae, which buys and resells mortgages, had to resign from his position as head of the task force looking for Barack Obama’s running mate. The Wall Street Journal reported that Countrywide – Fannie Mae’s largest mortgage provider – gave him preferential treatment for millions of dollars in personal loans. ...