The $417,000 mortgage was the cap of what Fannie Mae and Freddie Mac would loan at the time in her region.
“The overall borrowing harkens back to the days of easy credit. A lot of people leveraged themselves like this,” said Guy D. Cecala, CEO and publisher of Inside Mortgage Finance.
The Post found Bachmann’s loans in Minnesota property records. Financial disclosures filed with the House list her business loans, but she is not required to divulge personal property debts. She and other presidential candidates have not yet filed required disclosure forms.
Full story: Bachmann benefitted from federal home loan program