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

DBKP ^ | December 14, 2008 | Ginn

[org.whodat]

But ultimately they are sold to freddie/fannie, and you can trace that.

NO they are not, Freddie and Fannie only buy a percentage of the market, and never stuff like this. I would bet it was not a conventional mortgages to begin with. Probably some sort of five are ten year deal!!! The whole mortgage story is bogus!!!

[org.whodat]

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

None of the newbies seem to care about that!!!

[rdl6989]

Bttt.

[muawiyah]

(Pssstttt, none of that white rabbit stuff here)

[SlapHappyPappy]

Hate to say it but I’ve seen some real long time posters who assume every allegation about Obama is true. They sound a lot like DU talking about Bush.

[muawiyah]

Doesn't she have a broker/realtor's license in Illinois? There's a reference to Class 7 license or something in the transcripts of the wire taps.

I think we've been over this business of what the tax records in Cook county show ~ they are something like 5 or 6 years behind current. That probably explains why it shows a different crook owning Obama's house rather than the current crook owning it.

[remaxagnt]

fannie and freddie loans are dif than a fha loan

[claymax]

Well, if you have a loan, do me a favor look at the bottom of your instrument. It will have some forms in there that say Fannie or Freddie Mac at the bottom, the reason being is that some not all are ultimately sold to these two Mortgage companies and still buy a percentage of the market.

[Chode]

roger that...

[muawiyah]

Check my post #66. We’ve been over this. I think what everyone needs to do is hold their breath a second and dive into Google.com for “Obama’s mortgage”.

[Ben Hecks]

Thanks for the link. If a new professor at the University of Chicago can afford a $1.6 mil house, I would imagine that senior professors are really well paid.

[Chode]

you're welcome, my pleasure...

[org.whodat]

I think that is due to change to 600,000 shortly. as does their retirement after 20 years.

[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?

Someone else mentioned book deals. I am so repulsed by Obama and his scummy ways.

[Girlene]

Also, why is William Micelli listed as the owner of the Obama's Chicago home?

I don't understand all this, but here's a bit more info on this situation, Follow the Money: Who paid Obama’s 2005 property taxes? - Updated Micelli is paying the property taxes? Not sure why.

[org.whodat]

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

[Chode]

even to this day it makes me cringe sometimes...

[editor-surveyor]

The artist is M.C. Escher, not”E.M.”

[claymax]

Actually it isn’t them that do the loan, they make sure that Mortgage companies, banks and lenders have the funds to make these loans. They are the driving force on what percentage rates are used.

[nufsed]

The wife salary story ran here early during the campaign and I can’t find any recent references.