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Correction: Countrywide-VIP Loans story

FILE - This June 25, 2008, file photo, shows the Countrywide Financial Corp. office in Beverly Hills, Calif. The former corporation, whose subprime loans helped start the nation’s foreclosure crisis, made hundreds of discount loans to buy influence with members of Congress, congressional staff, top government officials and executives of troubled mortgage giant Fannie Mae, according to a Congressional House report. FILE - This June 25, 2008, file photo, shows the Countrywide Financial Corp. office in Beverly Hills, Calif. The former corporation, whose subprime loans helped start the nation’s foreclosure crisis, made hundreds of discount loans to buy influence with members of Congress, congressional staff, top government officials and executives of troubled mortgage giant Fannie Mae, according to a Congressional House report. (AP Photo/Kevork Djansezian, File)
By Larry Margasak
Associated Press / July 5, 2012
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WASHINGTON—In a July 4 story and in initial versions of a July 5 story about lawmakers and other officials getting discount loans from the former Countrywide Financial Corp., The Associated Press reported erroneously that former Housing and Urban Development Secretary Henry Cisneros was on Fannie Mae's board of directors when his loan was processed. Cisneros was on Countrywide's board of directors, not Fannie Mae's.

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