Hillary Clinton Corleone, Mortgage Lender

North Star Writers Group ^ | August 13, 2007 | Matt Carrothers

[mo]

As I read this....sounds to me like Hillary is IN with those unscrupulous lenders...probably taking campaign donations by the oodles from THEM to bail them out of their sorry positions...nothing new here..just recycling old market scams she’s been practicing since the ‘80’s. Any Republican with a pair on them should be able to knock her silly....

[TheSpottedOwl]

I would stick with a traditional fixed rate. Was told to avoid ARM’s like the plague, years ago.

[MarkT]

Yes, the private sector can handle it.

[Don Corleone]

Hillary Clinton Corleone, Mortgage Lender

Not a member of MY family.

[libstripper]

That's a big loan. If you take the $2,400/month and multiply it by 12, the result is annual payments, assumed to be mostly interest, of $28,800. If you assume the interest rate is about 6% and divide .06 into $28,800, you get an estimated principal of about $480,000. Of course, since 6% is a good guess for a fixed rate mortgage, the $28,800 was probably to support a significantly larger principal. Any way you cut it, the lady and her husband were living in pretty expensive digs on an ARM that they should have been smart enough not to take out in the first place. They're poster children for what happens to fools who deliberately overextend themselves, not for people ho legitimately need taxpayer bailouts.

[mdmathis6]

“....what if their company goes belly up, what if they get canned, get sick, their hubby croaks, they get the big D, there is a war, a tornado, they get demoted instead of promoted....the marketplace doesn’t owe them a raise in three yeears....they can’t predict the future....on the other hand we can hope for them that their rich uncle leaves them a million, that they win the lottery, that their ship comes in but no guarantees.’

That could happen with those with fixed interest mortgages as well.

[pray4liberty]

Living beyond your means stinks, but Hillary! will bail you out (for your vote, of course), or so she says...(please note: she’s lying!)