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- Barack Obama bought a 1.65 million mansion in Chicago in 2005WashingtonPost.com: Obama Got Discount on Home Loan(July 2, 2008)
- Loan secured on June 8, 2005
- Secured a $1.32 million loan from Northern Trust
- Locked in a 5.625 percent interest rate on a 30-year fixed-mortgageWashingtonPost.com: Obama Got Discount on Home Loan(July 2, 2008)
- Stephens' article says similar loans at the time averaged 5.93 percentWashingtonPost.com: Obama Got Discount on Home Loan(July 2, 2008)
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On July 2, 2008, The Washington Post published an article titled "Obama Got Discount on Home Loan" by Joe Stephens. Stephens reported that Barack Obama received a 5.625 interest rate on their 30-year fixed rate mortgage through Northern Trust for their home in Chicago.WashingtonPost.com: Obama Got Discount on Home Loan(July 2, 2008)
Obama's Spokesman Comments
"Northern Trust does not have a VIP mortgage program...Obama received the same rate as would have been available to anyone with his financial profile and with an offer from another institution."Politico: Obama Clarifies Mortgage Deal(July 2, 2008) —Ben LaBolt-
Obama Home Loan on Amazon
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The administration's plan for troubled borrowers: The details of the Obama administration's plan for helping strapped borrowers are complex. The components ... of 2009 ): An article from: Mortgage Banking - $9.95
This digital document is an article from Mortgage Banking, published by Mortgage Bankers Association of America on May 1, 2009. The length of the article is 4276 words. The page le...Amazon
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Obama administration rolls out Making Home Affordable program.(Briefing Book): An article from: Mortgage Banking - $9.95
This digital document is an article from Mortgage Banking, published by Mortgage Bankers Association of America on April 1, 2009. The length of the article is 653 words. The page l...Amazon
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Short sales: can't we all just get along?(Servicing): An article from: Mortgage Banking - $9.95
This digital document is an article from Mortgage Banking, published by Mortgage Bankers Association of America on May 1, 2009. The length of the article is 1473 words. The page le...Amazon
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Obama Home Loan Questions
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What does Amortization mean in respect to home loans? 2 AnswersAmortization is the distribution of a single lump-sum cash flow into many smaller cash flow installments, as determined by an amortization schedule. Unlike othe... read more -
Do Texas and Georgia offer Non-Recourse Home Loans? 1 AnswerNon-recourse loans are available for Texas and Georgia Land loans, on case by case basis. read more -
What is Loan Modification and how does it work? 4 AnswersThe only time I have encountered loan modifications is in the context of homeowners facing foreclosure. The banks don't want to auction off the house or go thr... read more
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What is a bridge loan? 2 AnswersWhat Does Bridge Loan Mean? A short-term loan that is used until a person or company secures permanent financing or removes an existing obligation. This type o... read more
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Loan Modification: Save your home from Foreclosure with Obama's ... http://bit.ly/88UCup
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Loan Modification: Save your home from Foreclosure with Obama's Stimulus Plan: Benzinga The foreclosure procedure i... http://bit.ly/6dA7lX
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Loan Modification: Save your home from Foreclosure with Obama's Stimulus Plan: Benzinga Around 250000 homeo.. http://bit.ly/80EkGB
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Loan Modification: Save your home from Foreclosure with Obama's Stimulus Plan http://bit.ly/80EkGB
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