DISQUS

DISQUS Hello! Bang the Drum is using DISQUS, a powerful comment system, to manage its comments. Learn more.

Community Page

Bang the Drum

politics and issues
Jump to original thread »
Author

Obama got preferred mortgage terms & rates. So what?

Started by Karoli · 1 year ago

Obama Got Discount on Home Loan - washingtonpost.com

The freshman Democratic senator received a discount. He locked in an interest rate of 5.625 percent on the 30-year fixed-rate mortgage, below the average for such loans at the time in Chicago. The loan was unusually large, known in banker lingo as a “super super jumbo.” Obama paid [...] ... Continue reading »

1 comment

  • Karoli, you are smart. I didn't think about this until I read your post. We were treated the same way in early 2002 because we had good credit.

    sick of the media. They act like they are paying attention to the criminal banks NOW instead of when they were actually fabricating loans from thin air over the past 4 years or so.
Please login to comment.
Returning? Login