He listed his laundromat as an asset

Nice job outing yourself as too young to know how mortgages work lol what’re you 13

Anyone was able to get mortgage under republican regulations under Bush, that’s what lead to the crash

Could afford it rather easily when one takes a few minutes to check the numbers. Salary in 2003 was $154,700 based on public records adjusted for inflation that is $275,820 today. A pre-tax monthly income of $12,981 or $22,985 adjusted for inflation. Home value of $870,000 - 20% for down payment = $696,000 after modern fees. That puts monthly payment at $4,626. That would be roughly 20% of pre-tax income. Substantially below what banks preferred (28%). Add to the fact he was an Attorney for at-least 8 years before becoming a State Senator, then purchased the home while being a House representative banks likely felt his low risk profile already coupled with his career and forward facing position made it a good loan. There no conspiracy here. The loan amount, salary, and percentage of income very easily affords that home.

Some metaphors just write themselves.

Because lending is a function of debt and income, not net worth. There’s plenty to drag this clown on, but this ain’t it homey.

I'd like to also know why he falsified five loan applications for lower mortgage rates. FIVE Fannie Mae fraudulent refi loan applications. I mean he has become a multimillionaire while being in the swamp, you'd think he could cough up the money to pay a couple extra points on his loans. What a cheap ass miscreant.

It’s easy to do if somebody else is paying off the mortgages.

Id love some investment tips

Honestly bro those kinds of approvals happened all the time back then… I was approved in 2004 with a negative net worth.

Schiff is dirty.

He's a corrupt PoS!

Congressional Perks given at Congressional Federal Credit Union and U.S. Senate Federal Credit Union . .😉 * Both are available to all members of Congress and offer Mortgages ..😎

is this a serious tweet? I can't tell anymore with you people

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Literally what led to the crash.. everyone was getting approved.. for pretty much anything.

lol do you not know how mortgages work

That’s a fair question, can you clarify how the mortgage approval aligned with your reported net worth at the time?

The same way any american owns a house. In debt.

Because you aren't approved for a mortgage on the basis of net worth.

Can I ask a question?

Hold on Pencil-neck ~ the wheels of justice turn slowly. 😁

Do you know how mortgages work? It has more to do with your income than net worth you fuck face

Harry S. Truman: Added the Truman Balcony to the South Portico. Oversaw a total reconstruction of the interior, including adding a bowling alley in the basement. John F. Kennedy: Created the Situation Room. Established the modern Rose Garden. Richard Nixon: Converted the indoor swimming pool into the Press Briefing Room. Added a bowling alley in the basement. Gerald Ford: Installed the outdoor swimming pool on the South Grounds. Barack Obama: Converted the south-grounds tennis court into a basketball court. Established the White House Kitchen Garden on the South Lawn.  Fuck off Watermelon head

literally anyone could get that kind of mortgage in 2003, it isn't some great mystery dude

Lots of people were able to do this before trump fucked the country up

A squirrel could have gotten a mortgage back before the housing market collapsed, not strange at all, also lending works based on income and credit, net worth is irrelevant when it comes to getting a mortgage.

Sound on 😂