Judicial Watch Files Senate, FEC Complaints against Barack Obama Over Questionable Mortgage Loan (ethics, president)

[GigiBowman]

From the Desk of Judicial Watch President Tom Fitton:

Judicial Watch Files Senate, FEC Complaints against Barack Obama Over Questionable Mortgage Loan

Over the last couple of weeks I've covered the Countrywide mortgage scandal involving Senators Dodd and Conrad, where the pair received preferential treatment from the mortgage lending company.

Well, this week, Judicial Watch filed separate complaints with the Federal Election Commission (FEC) and the U.S. Senate Ethics Committee, against Barack Obama for allegedly accepting a below market rate mortgage loan in 2005 not available to the general consumer.

According to the Judicial Watch complaints, Obama reportedly received a home loan of $1.32 million at a rate of 5.625 percent, although the average going rate on that day according to two different surveys was between 5.93 and 6 percent. The special below-market "super super jumbo" loan, as described by The Washington Post, was secured without an origination fee or discount points - terms not available to the general public.


U.S. Senate complaint:
http://www.judicialwatch.org/documen...-complaint.pdf

[delusianne]

I think this is already covered over here:

https://www.city-data.com/forum/2008-...ion-obama.html

[ProudCapMarine]

Just another thing to add to the negatives of Barack Obama.

[NewToCA]

Hopefully they will prove this out one way or the other within the next month.

It is easy to prove if he received favoritism.