The other shoe drops.
How many POS Congress Critters did not get preferential mortgage loans? Below market mortgages is what our Senators talk about in the Senate cafeteria
Yowsa! And and the beat goes on!
I can just see Michelle threatening to beat the crap out of Obama if he didn’t grab this sweetheart mortgage
“That is not the mortgage broker I knew...”
I sit here waiting and waiting for my 30 year fixed FHA to clear underwriting...I bet obama was just waived right through.
This article is nothing more than a racist attack on Obama. A candidates loans should be off-limit to criticism just like his wife, his children, his pastor, his dogs, past voting record, drug use, any sexual encounters, etc, etc...
Not really needed but I’ll add it anyway - [/sarc]
“When the Obamas secured the loan, their income had risen dramatically. Obama assumed his Senate seat in January 2005, with an annual salary of $162,100. That same month, Random House agreed to reissue an Obama memoir, for which it originally paid $40,000, as part of a $2.27 million deal that included two future nonfiction books and a children’s book.”
they need more specifics: ‘better than the average’ doesn’t mean much. He was low risk given the income.
This will be spun as being racist for pointing out that he did not get a subprime loan like many of his “black brothers”. End of story.
What I wanna know is: how did he manage to pay a $16,000 a month mortgage payment every month?
It’s the Obama I knew.
The WaPo is bringing this out now.
It would have helped Hillary, so they’ve waited until she is toast. And bringing it out early will provide innoculation against it in the fall.
How suprising.
I got about the same rate, with no discount points, on my home loan 2.5 years ago. Doesn’t seem to be a big deal to me.
MSM: Nothing to see here. Keep Moving.
In the cesspool called “Chicago politics”, this is insignificant. Obama was raised partially as a Muslim out of the country and partially as a Chicago politician. The biggest threat to this nation comes from the latter.
5.625%
doesn’t sound like a sweetheart deal to me.
But wait, didn’t Pelosi Galore and Reid the walk dead tell us that only Republicans did horrible things like this.
Besides this is just racial bs from bitter white Americans, who could get a loan like this to buy more guns.