POLITICS
01/18/2012 09:15 am ET Updated Mar 19, 2012

Rick Santorum's Mortgages Exceeded Industry Standards

A search of land records for the $2 million Great Falls home of Republican presidential candidate and former Pennsylvania Senator Richard Santorum turns up a series of mortgages that at times equaled and exceeded the sales price of the property.

The industry guideline is usually mortgages should not exceed 75 percent of the appraised value of a property, according to mortgage experts. The assessed value of the Great Falls home, which is set by Fairfax County, has fallen since Santorum bought it in 2007.

Read more on McLean Patch

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