Washington Post story is HERE. Placement on page A-3 is an indicator IMO of weakness of story.
Gist of story is that Obama loan rate of 5.625% was below "average" of 5.93% for that week. Countrywide NOT involved.
By definition "average" means some loans above that rate, and some below that rate, so IMO it should not be surprising (or newsworthy?) that some buyers got loans that were better than "average".
Subscribe to:
Post Comments (Atom)
Total non story. The only debt was for student loans that were being paid off; The Obamas made a profit off their condo of over 120K; and together, they made something like $500K/year. Of course they got a discount- they probably had a FICO of 800.
ReplyDelete