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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: jennyjenny

Its not a JUMBO either, jumbos only go up to 650,000. After that it is a portfolio loan.


41 posted on 12/14/2008 1:50:55 PM PST by Mom MD (Jesus is the Light of the world!)
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To: 240B

What I thought was my last nerve “tingles” when I hear the voice of Obama, come to think of it, when any Libtard speaks.


42 posted on 12/14/2008 1:51:58 PM PST by ChetNavVet (Build It, and they won't come!)
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To: mondoreb
My boss isn't here and I'm not the mortgage wizard, but IIRC the high cost areas for FHA came into effect about a year or so ago. They are changing again starting about now and are on a county by county basis.

Maybe someone here has better or more info.

43 posted on 12/14/2008 1:52:22 PM PST by nufsed
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To: mondoreb

A few interesting observations. I went to zillow and entered the 5046 South Greenwood address and it returned a multi-unit building. Eyeballing the “Bird’s Eye View” pic it appears that the correct address should be 5040 S Greenwood. Zillow indicated that the approximate valuation in mid 2005 was $1.2 million and is currently $1.06 mil. They also state that they don’t have any sales history on the property. And if you go to GoogleEarth you’ll see that the house is directly across the street from a Jewish temple, fwiw.


44 posted on 12/14/2008 1:52:45 PM PST by TommyTrojan
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To: RJL

some sort of trust?


45 posted on 12/14/2008 1:53:26 PM PST by MissDairyGoodnessVT (Good Morning Mr & Mrs Scooter and All The Ships At Sea)
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To: RummyChick

Keep scrolling down the page, it is there, past the blank blue.


46 posted on 12/14/2008 1:53:40 PM PST by jacquej
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To: mondoreb
http://www.youtube.com/watch?v=eHgUIEjx3to

Is there any explanation for this?

Yes, it's called corruption. And Obama will say, "Gee, I didn't know there was anything different with my loan! These aren't the Fannie Mae and Freddie Mac I knew."

47 posted on 12/14/2008 1:55:36 PM PST by Right Wing Assault (What's Obama's Secret?)
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To: jennyjenny

I didn’t see the interest rate. What was it?


48 posted on 12/14/2008 1:55:41 PM PST by nufsed
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To: raybbr
Didn't he pork barrel an expenditure for his wife's hospital resulting in a big salary increase for her. House payment problem solved?

Now it will be his home and secret service will have to rent an office in it, ala Clinton's, and they will make his payment.

49 posted on 12/14/2008 1:58:31 PM PST by nufsed
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To: raybbr

“Okay, then how is Obama going to pay that kind of mortgage on president’s pay?”

Thats the reason he couldn’t give any money to Blago for his Senate seat.


50 posted on 12/14/2008 1:59:48 PM PST by RatsDawg
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To: raybbr

FYI, my 49


51 posted on 12/14/2008 2:02:15 PM PST by nufsed
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To: raybbr

It wouldn’t say on the loan itself, the name of the company that closed the loan would be on there. But ultimately they are sold to freddie/fannie, and you can trace that.


52 posted on 12/14/2008 2:03:22 PM PST by claymax
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To: raybbr
I want to know how much he put down and what are his monthly payments. He’s going to have to stop all other earnings as president. How is he going to afford the payments?

What makes you think that he's making the payments?

53 posted on 12/14/2008 2:05:30 PM PST by Don Corleone (Leave the gun..take the cannoli)
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To: raybbr

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

Not really.

Fannie/Freddie products are pretty standard as to their loan limits.
No one would/could get a Fannie/Freddie loan that exceeded the loan limits.


54 posted on 12/14/2008 2:13:50 PM PST by HereInTheHeartland (I can't wait for January 20, 2013")
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To: Chode
and 0bama, takes another one in the...

Unfortunately I think we are the one's taking it in the shorts if this amateur bozo makes it to the inaugaration...

55 posted on 12/14/2008 2:13:50 PM PST by NewLand (Illinois math: 1 seat + 1 Governor = $5 million)
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To: Chode

Every time you post these pictures together, I get a good laugh out of them! Thanks!


56 posted on 12/14/2008 2:15:24 PM PST by Sister_T (The Obama Administration = Clinton's Third Term)
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To: raybbr

The President’s pay is $400,000.00 year.


57 posted on 12/14/2008 2:17:10 PM PST by Ann Archy (Abortion.....The Human Sacrifice to the god of Convenience)
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To: outinyellowdogcountry

The whole damned McCain avoidance of the Freddie and Fannie catastrophe probably can be found in the history of the mortgages he carries on the dozen (or is it two dozen) houses he (and his wife, especially his wife) own. Either that, or the guy is terminally stupid.


58 posted on 12/14/2008 2:19:40 PM PST by Melchior
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To: org.whodat

The more unfounded allegations we make, the less credibility we’ll have.


59 posted on 12/14/2008 2:20:17 PM PST by SlapHappyPappy
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To: Chode

YOWIEEEEEEEE!!! Dang that’s gotta hurt.


60 posted on 12/14/2008 2:21:36 PM PST by montesquiue
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