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Obama Fannie Mae/Freddie Mac Chicago Home Mortgage $903,000 over Legal Limit
DBKP ^ | December 14, 2008 | Ginn

Posted on 12/14/2008 1:09:30 PM PST by mondoreb

click here to read article


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To: mondoreb

rut roh!


21 posted on 12/14/2008 1:30:05 PM PST by tiredoflaundry (Sometimes, I guess there's just not enough bags of popcorn.)
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To: HereInTheHeartland
...I happened across a bit of information: Obama's home has a Fannie Mae-Freddie Mac mortgage to the tune of $1,320,000.

How is it listed with the Clerk? Would it say it's a Fannie or Freddie loan?

22 posted on 12/14/2008 1:30:42 PM PST by raybbr (It's going to get a lot worse now that the anchor babies are voting!)
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To: Paladin2

The more Obama talks to more his political skills can be defined one of three ways:

A) Completely oblivious dunce who has no idea that any of his pals are raving nutters (Wright, Ayers, etc) or crooks (Rezko, Blago) etc. Someone would have to be amazingly naive to operate in Chicago politics and not know anything about folks like these.

B) He is a p!$$ poor manager who has no idea what any of his surrogates are doing and with whom they are speaking.

C) He is a completely pathological liar.

None of these are good for Mr. Hope and Change.


23 posted on 12/14/2008 1:30:58 PM PST by Army Air Corps (Four fried chickens and a coke)
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To: HereInTheHeartland
Story written by a dofuss that knows nothing about mortgage business.
24 posted on 12/14/2008 1:31:10 PM PST by org.whodat (Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
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To: mondoreb; informavoracious; larose; RJR_fan; Prospero; Conservative Vermont Vet; ...
+

Freep-mail me to get on or off my pro-life and Catholic List:

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Obama Says A Baby Is A Punishment

Obama: “If they make a mistake, I don’t want them punished with a baby.”

25 posted on 12/14/2008 1:32:00 PM PST by narses (http://www.theobamadisaster.com/)
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To: raybbr

Michelle is going to ask for “First Lady” pay.


26 posted on 12/14/2008 1:32:08 PM PST by jennyjenny
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To: raybbr

NO


27 posted on 12/14/2008 1:32:15 PM PST by org.whodat (Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
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To: mondoreb; informavoracious; larose; RJR_fan; Prospero; Conservative Vermont Vet; ...
+

Freep-mail me to get on or off my pro-life and Catholic List:

Add me / Remove me

Please ping me to note-worthy Pro-Life or Catholic threads, or other threads of interest.

Obama Says A Baby Is A Punishment

Obama: “If they make a mistake, I don’t want them punished with a baby.”

28 posted on 12/14/2008 1:32:18 PM PST by narses (http://www.theobamadisaster.com/)
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To: org.whodat

Okay, then how is Obama going to pay that kind of mortgage on president’s pay? I wonder how much he still owes? Or, has he used campaign money to help pay it off?


29 posted on 12/14/2008 1:36:29 PM PST by raybbr (It's going to get a lot worse now that the anchor babies are voting!)
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To: ChetNavVet
Obama could rip the head off of a three month old baby seal on stage with cameras rolling and it would make no difference.

His supporters (Chris Matthew types) worship him.

*their legs tingle when he speaks*

30 posted on 12/14/2008 1:37:30 PM PST by 240B
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To: raybbr
What?????? LOL, he and his wife made millions on book deal!!!
31 posted on 12/14/2008 1:38:22 PM PST by org.whodat (Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
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To: mondoreb
From the article:

The information comes from the Cook County Clerk's office where the "owner" of the Obama home is listed as William Miceli, a former supervisor of Obama's when he worked at the David Law Firm.

What's unusual about the Obama mortgage is that the upper limits of a Fannie Mae loan on a single family dwelling as of January, 2008, is $417,000 while mortgages in "high cost" areas cannot exceed $729,750.

The Obama's mortage, through Northern Trust Company, is in the amount of $1,320,000.

You ask a great question -- my only guess is that the 0bama's hold a second mortage to the first held by Micelli, owner of the property.

At first read, I was wondering if we had another Clinton/McAuliffe thing going, where Terry bought the NY house for them so that she could establish residence in time to run for the Senate ... which had all of us wondering how was it that a man who sat as president for eight years couldn't afford to purchase the place his own self. Remember the (justified, IMHO) hue and cry? It ended up that Bill and Hill did take out their own mortgage for the joint, but charge the Secret Service contingency who reside in the little guest house on the place a monthly rent equal to the mortgage payment, how convenient.

Anywhoo, getting back to 0bama, this whole thing stinks to high heaven. I still say that regardless what does end up in transcripts from the Blago investigation, on-going conversations are going to be held in the Oval Office between 0bama, Rahm, Michelle probably joining in, along with other assorted flunkies, a la Nixon, Haldeman and Erlichman. Remember, with Watergate, it wasn't the break-in by the plumbers but the COVER UP that got Nixon in the end.

Is there any explanation for this?

Is the guy serious with this question?

32 posted on 12/14/2008 1:38:47 PM PST by MozarkDawg
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To: mondoreb

GUESS WHO The REALTOR that handled Rezo’s house, Obama’s house, and the strip of land Obama bought from Rezco was:

None other than GOVERNOR BEGEJOVICH’S WIFE!!!!!!!!


33 posted on 12/14/2008 1:39:19 PM PST by HD1200
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To: AliVeritas

*PING*


34 posted on 12/14/2008 1:39:24 PM PST by sono (What happens when the Kool Aid wears off?)
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To: org.whodat
What?????? LOL, he and his wife made millions on book deal!!!

Oh, I think I heard something about that.

I really despise Obama and everything he stands for. I want him to burn politically. And, I mean burn.

35 posted on 12/14/2008 1:39:49 PM PST by raybbr (It's going to get a lot worse now that the anchor babies are voting!)
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To: raybbr
Probably will!!! Sooner are later!!!
36 posted on 12/14/2008 1:45:12 PM PST by org.whodat (Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
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To: HD1200
Ever heard of the word alleged.
37 posted on 12/14/2008 1:46:31 PM PST by org.whodat (Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
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To: mondoreb

Want to understand the Obama-Rezko house deal and why Obama still isn’t off the hotseat? Read this:

http://www.gopmom.com/2008/10/clever-real-estate-strategies-for-politicians/


38 posted on 12/14/2008 1:49:54 PM PST by bigbob
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To: mondoreb

Want to understand the Obama-Rezko house deal and why Obama still isn’t off the hotseat? Read this:

http://www.gopmom.com/2008/10/clever-real-estate-strategies-for-politicians/


39 posted on 12/14/2008 1:49:55 PM PST by bigbob
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To: mondoreb
As someone else on FreeRepublic asked: “Is Obama the only virgin in that whore house?”

I don't think so!

40 posted on 12/14/2008 1:50:34 PM PST by kcvl
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