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« December 13  |  December 15 »
Sunday, December 14
View Article  Death By 1000 Papercuts Asks: How Did The Obama's Manage to Get Their FNMA/FDMC Mortgage at Nearly $1 Million Over The Limit?
by Roland, the Gunslinger on Sun 14 Dec 2008 08:21 PM EST


FTA: The Obama’s mortage, through Northern Trust Company, is in the amount of $1,320,000.

The limits for a Freddie Mac single family dwelling is $417,000, with an upper tier of $625,500 for homes located in Alaska, Hawaii, the Virgin Islands, and Guam.

I looked into whether Cook County, Illinois, where the Obama home is located, and whether it is considered by Fannie Mae or Freddie Mac as a “high cost area”...Jefferson County, a distant Washington area jurisdiction at best, is considered a high-cost area but Cook County, Ill., is not.

I took it one step further and entered the Obama’s South Greenwood address at Fannie Mae’s Loan Limit Geocoder. The results: Obama’s South Greenwood home was eligible for a maximum Fannie Mae loan of $417,000.

I’m not sure how, but the Obama’s managed to procure a Fannie Mae/Freddie Mac mortage $903,000 over the legal limit.

(Nice find, Semra! -Roland)

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Leave Comment  |  Permanent Link  |  Cosmos
View Article  Google cranks up the Consensus Engine
by Roland, the Gunslinger on Sun 14 Dec 2008 05:10 PM EST


Google this week admitted that its staff will pick and choose what appears in its search results. It's a historic statement - and nobody has yet grasped its significance.

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Comments (1)  |  Permanent Link  |  Cosmos
View Article  Friends. They come and they go...
by Roland, the Gunslinger on Sun 14 Dec 2008 02:06 PM EST
Comments (2)  |  Permanent Link  |  Cosmos
View Article  Fitzgerald Should Keep His Opinions to Himself
by Roland, the Gunslinger on Sun 14 Dec 2008 01:22 PM EST


As he should have done in the Libby case, Fitzy should make his case in a court of law, not in front the microphones.

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Leave Comment  |  Permanent Link  |  Cosmos
View Article  As The 8.5 Trillion Dollar Looting of US Taxpayers Continues, Rep Paul Tells It Like It Is
by Roland, the Gunslinger on Sun 14 Dec 2008 12:40 AM EST
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