Warren probes U.S.-backed loan to Kushner family firm

[Yo_Mama_Been_Loggin]

Sen. Elizabeth Warren is calling on government-owned mortgage financier Freddie Mac to provide details on its reported backing of an $800 million loan to the real estate firm owned by White House adviser Jared Kushner’s family.

The loan “raises serious questions about conflicts of interest and whether Kushner Companies may have received special treatment from Freddie, which is currently in government conservatorship,” Warren (D-Mass.) and Sen. Tom Carper (D-Del.) wrote Thursday to Freddie CEO Donald Layton in a letter obtained by POLITICO.

Kushner Cos. obtained the loan from mortgage lender Berkadia to purchase more than 6,000 apartment units in Maryland and Virginia, according to a report in May by Bloomberg, which cited an unidentified person familiar with the matter. Freddie Mac guaranteed the loan, Bloomberg said.

Freddie Mac purchases loans from mortgage lenders — which gives the lenders the liquidity to make more loans — and repackages them into securities for sale to investors.

Jared Kushner, President Donald Trump's son-in-law, drew criticism for transferring ownership of many of his holdings in the company to immediate family members — rather than selling them and placing the proceeds in an independent trust — when he entered the White House.

https://www.politico.com/story/2019/06/13/warren-freddie-mac-loan-kushner-firm-1527871

[dalton99a]

1. Kick

[ecstatic]

2. Lock them up!!! nt