Obama Got Discount on Home Loan


WashPost: The Illinois Senator locked a 5.625% interest 30-year-fixed mortgage on his $1.65 million Chicago home from Northern Trust, which could have saved him more than $300/month.

Obama camp says the rate was adjusted to account for a competing offer from another lender and other factors.

Plus: WashTimes says embattled lender Countrywide is shutting down its political arm.

Related Topics: News
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