Obama Fannie Mae/Freddie Mac Chicago Home Mortgage $903,000 over Legal Limit

DBKP ^ | December 14, 2008 | Ginn

[org.whodat]

U.S. Senator Obama gets $1.9 million book deal, Updated Sat. Dec. 18 2004 3:00 PM ET

I didn't mention it I stated it, some of you people never read anything.

http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20041218/obama_book_041218?s_name=&no_ads

[RushIsMyTeddyBear]

American Thinker article from July about Obama’s mortgage:

http://www.americanthinker.com/2008/07/the_obamas_and_their_mortgage_1.html

[editor-surveyor]

"I want to know how it got that great rate on a JUMBO mortgage."

Easy - he has DUMBO Ears!

[org.whodat]

Wrong!!!!!

[RummyChick]

Why do these documents show 1,320,000 loan with the loan type FannieMae/FreddieMac on page 5.

[claymax]

hint hint, I also was a loan officer, just recently. Freddie and Fannie actually make funds availible to lending institutions and ultimately give the funds. Like I said before, the Mortgage company, lender or bank closes the loans, and Freddie and Fannie make sure that there is money to secure the instrument. And they typically do this by issuing debt securities in the market. Do me a favor, next time you try to throw a title at me, make sure you know what you are talking about!

[SouthTexas]

Look on page 5, Different house but it shows loan amount of $1,320,000,

Type Fannie Mae/Freddie Mac.

[muawiyah]

Check this piece in American Thinker ~ we discussed it awhile back. http://www.americanthinker.com/2008/07/the_obamas_and_their_mortgage_1.html

[claymax]

Yea, ok, whatever kid!

[org.whodat]

loan type FannieMae/FreddieMac

Is normal on all documents, these are standard pre-printed forms. Has nothing to do with final placement if any. It's a safe bet that this loan is held by some union labor trust account are bank, as in Chicago city labor union.

[org.whodat]

From your statements, I would not buy that story on a stack of bibles.

[claymax]

Hrmmm, I guess you have to attack my character and not the facts, are you sure you are not a liberal in disguise?

[org.whodat]

I didn’t attack your character I said you did not know what you were talking about and you still don't.

[claymax]

ok, if you say so, you keep on believing that. As a loan officer, which I had to do to put me through school, you would think I would know how it works, just a little. We dealt mostly with the Credit checks, the underwriting, appraisals, insurance and located the banks or company that would give money to the customer.... while what you did was “ Yes Mrs. Smith, this is a lovely 3 bedroom 2 bath house with a 2 car garage.... You get my point. A broker and a loan officer had 2 different functions, and I do know how Freddie and Fannie funded these institutions.

[silverleaf]

He has made a bundle from his book- the one that gets libs and RINOS at the NRO (Like Chris Buckley) all misty eyed about him being an author-

the book that Jack Cashill has pretty much proved was ghost written by Bill Ayers.

[jarofants]

KOOL

[PAR35]

Obama's home has a Fannie Mae-Freddie Mac mortgage

Well, if he can't figure this out, how are we supposed to trust anything else in the article.

[papasmurf]

Reply to # 1 and this post...

It would very nice and helpful, if you could post your resources, or photocopies, or something we could use, to convey this information without having it come back to bite us in our collective arses.

Thank you.

[Girlene]

Hint, Hint, I was a real estate broker and teacher years ago!!!!

Okay, org.whodat. Since you seem to have some inside information about what's going on here, would you please enlighten the rest of us? Your cryptic comments have not added any information to the uninformed (me), and I am quite curious how this all makes sense. Thank you.

[an amused spectator]

Good line for a bumper sticker:

"Obama: The Only Virgin In The Chicago Whorehouse"