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Author Topic: WashPost: Obama got discount on mortgage  (Read 390 times)
Reaganite
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« on: July 03, 2008, 04:13:16 PM »

The Washington Post reports that Democratic presidential candidate Barack Obama (pictured) received a discount on his home loan that saved him roughly $300 per month: "Shortly after joining the U.S. Senate and while enjoying a surge in income, Barack Obama bought a $1.65 million restored Georgian mansion in an upscale Chicago neighborhood. To finance the purchase, he secured a $1.32 million loan from Northern Trust in Illinois."

More: "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 no origination fee or discount points, as some consumers do to reduce their interest rates. Compared with average terms offered at the time in Chicago, Obama's rate could have saved him more than $300 per month."

http://latimesblogs.latimes.com/laland/2008/07/wapo-obama-got.html

UPI leads with reaction from the Obama campaign: "Campaign officials and the financial institution involved say terms Sen. Barack Obama, D-Ill., received on his Chicago home mortgage were proper."


........................M an... o... man....  LOL...
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Cass
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« Reply #1 on: July 03, 2008, 04:51:22 PM »

Whoops, I better call my son-in-law and inform him he's perhaps a crook.  At about the same period he obtained a mortgage with a nice discount because he worked at the time for Citi-Bank and they gave employees a nice discount on loans. Of course a year or so later, he was
a part of a "downsizing", but maybe he's some sort of crook because he still has that discounted mortgage with, fortunately for he and my daughter, by almost two points, a lower rate than Obama's.

BFD, Reaganite.  Daily I'm personally becoming convinced your tag line is maybe very appropriate. I hear though that Cindy McCain is paying up and their CA home on the coast, (did they miss a discounted mortgage?) is no longer in default for unpaid taxes.  Don't forget to remind
me you're not a McCain supporter.  Grin   

Frankly, I'm far more interested in that questionable campaign loan McCain got from some of his supporters and contributors that the FEC is also questioning, but because Bush will only appoint Republicans and the Senate won't except a totally GOP FEC, remains unresolved.
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freethinker
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« Reply #2 on: July 03, 2008, 06:48:14 PM »

 Sounds to me like Obama is pretty shrewd at economic planing...something McBush has never had to do and freely admits he knows little about.
 Thank you so much for bringing it to our attention Bonzo.
« Last Edit: July 03, 2008, 06:59:52 PM by freethinker » Logged

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Reaganite
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« Reply #3 on: July 03, 2008, 08:05:08 PM »

Whoops, I better call my son-in-law and inform him he's perhaps a crook.  At about the same period he obtained a mortgage with a nice discount because he worked at the time for Citi-Bank and they gave employees a nice discount on loans. Of course a year or so later, he was
a part of a "downsizing", but maybe he's some sort of crook because he still has that discounted mortgage with, fortunately for he and my daughter, by almost two points, a lower rate than Obama's.

BFD, Reaganite.  Daily I'm personally becoming convinced your tag line is maybe very appropriate. I hear though that Cindy McCain is paying up and their CA home on the coast, (did they miss a discounted mortgage?) is no longer in default for unpaid taxes.  Don't forget to remind
me you're not a McCain supporter.  Grin   

Frankly, I'm far more interested in that questionable campaign loan McCain got from some of his supporters and contributors that the FEC is also questioning, but because Bush will only appoint Republicans and the Senate won't except a totally GOP FEC, remains unresolved.

hate McCain and Obama both the same Smiley
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« Reply #4 on: July 03, 2008, 08:24:26 PM »

 Doesn't Mann Coulter write negative articles about Mcbush? Why not post some of those Bonzo?
 
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Reaganite
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« Reply #5 on: July 03, 2008, 10:53:23 PM »

http://hotair.com/archives/2008/06/10/video-obama-on-countrywide-finance-in-april/

Barack Obama called out Countrywide by name on the campaign trail during the primaries. He particularly criticized the company’s CEO for his excessive compensation and more generally “infecting the economy and helping to create a home foreclosure crisis,” which he linked not only to the 2 million who lost their houses but to school districts that couldn’t purchase supplies and pay teachers. This is the same CEO who gave Johnson his sweetheart deal. Obama’s aides also criticized Clinton’s then-campaign strategist, Mark Penn, for giving PR advice to the company.
Now the man Obama has entrusted with what he has called the most important decision of his campaign is wrapped up in Countrywide and tied to the CEO. There are lots of unanswered questions about the Johnson deal, though no evidence as yet that he did anything wrong. But the Obama standard isn’t wrongdoing. It’s mere connection to the company. By that standard, this is bad news.
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jpn of Seattle
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« Reply #6 on: July 04, 2008, 07:20:33 AM »

Obama got a discount because sometimes people with higher incomes get discounts on their mortgage loans.

That's the entire story.

This is just as "scandalous" as General Clark's "outrageous" observation that flying planes isn't much of a qualifier for high public office.

Yes my friends, your "liberal media" in action once again...
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Reaganite
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« Reply #7 on: July 04, 2008, 09:42:47 AM »

He did not have a "Higher Income" He got the discount because he was a a congressman.  He would have to release his fica score history to see if he got it because he had a perfect Fica score.

This is not just a Jumbo loan this is called a Super Super Jumbo.. There is not real rate discount on one of these.. Not to mention he did not make an extra Points payment which it is usually required to get a discount.. he paid ZERO closing costs ... again unheard of with a super super jumbo...


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neue regel
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« Reply #8 on: July 04, 2008, 09:51:40 AM »

It's hard for me to kick Obama in the nuts for perks. He's not the first and won't be the last to cash in.
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Reaganite
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« Reply #9 on: July 04, 2008, 10:05:36 AM »

It's hard for me to kick Obama in the nuts for perks. He's not the first and won't be the last to cash in.

CHANGE WE CAN BELIEVE IN!! I guess that on means change in what he says and does each day not actual change in government..

Yes we can.. Screw the peopel that is...

I bet this story will just fade away because come on.. attacking his perks is racist Tongue
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Biker Dude
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« Reply #10 on: July 04, 2008, 10:08:54 AM »

I bet this story will just fade away because come on.. attacking his perks is racist Tongue
Amazingly enough, you are the only moron on here to claim that.
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Reaganite
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« Reply #11 on: July 04, 2008, 10:15:25 AM »

I bet this story will just fade away because come on.. attacking his perks is racist Tongue
Amazingly enough, you are the only moron on here to claim that.

lol.. of course since me saying that OBAMA makes everything about race makes me a racist I guess lol..

Have you not noticed it at all?? Everything he is questioned on becomes race in some way?  Everytime ANYONE questions him they becoem a RACIST! It does not matter who they are... Of a black person questions the mesiah he becomes an uncle tom...

I cant wait for 2010 and everyone realized what a msitake their mesiah is... Smiley
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Biker Dude
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« Reply #12 on: July 04, 2008, 10:36:42 AM »


lol.. of course since me saying that OBAMA makes everything about race makes me a racist I guess lol..

Have you not noticed it at all?? Everything he is questioned on becomes race in some way?  Everytime ANYONE questions him they becoem a RACIST! It does not matter who they are... Of a black person questions the mesiah he becomes an uncle tom...

I cant wait for 2010 and everyone realized what a msitake their mesiah is... Smiley
Reading comprehension does not seem to be one of your strong points.  Please feel free to point out where I called you a racist?  All I did was point out that you are pretty much the only person on IAP to make this claim.  Your reading comprehension skills, or lack there of, make me doubt pretty much everything you post.  If a simple post here is too much for you, I am sure a serious news article is way too much.  Which could explain your fascination with Ann Coulter and her third grade writing...
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Abraxas
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« Reply #13 on: July 04, 2008, 06:26:59 PM »

No, Reaganite is using reversed, reverse psychology.

He pretends people call him a racist when he criticizes Obama because most of the tripe he brings up here isn't that big of a deal. So to defend his ridiculous posts, he says other people aren't bringing it up because they're afraid they'd be called racists too.

So even though Obama has never even mumbled such an accusation or made this campaign about his blackness, Reaganite will do it for him...

... and look like an idiot doing that. But hey, what else is new?
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Reaganite
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« Reply #14 on: July 05, 2008, 08:33:41 AM »

"They will attack me because I am blacK" Btw he he is half black half white and raised by a white family who were upper middle class.  (rich by liberal standards)

How come he does not talk about his white heritage to which he knows more of then being black...

I guess you missed that whole speech...
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