Obama’s Sweetheart Loan

Author: Rory B. Bellows

On Barack Obama’s website he described,  There is a growing epidemic of mortgage fraud crimes in which sophisticated scam artists cheat homeowners out of their mortgages. I wonder if the lender who gave him a discount on the loan he used to purchase his home is one these scam artists who cheat homeowners out of their mortgages? The Obamas received a locked-in interest rate of 5.625%, which is below the rate given to the not so well politically connected. The Obamas also paid no origination fee or discount points like other mere mortals are forced to.

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