Elizabeth Warren wants answers about a government-backed loan to a Kushner family firm
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.
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. “Mr. Kushner's sustained involvement with Kushner Companies raises questions about whether he or someone acting on his behalf inappropriately intervened in this loan approval process,” Warren and Carper wrote.But, they added, “the fact pattern in this case — of Kushner Companies receiving its largest loan in a decade, Mr.
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