How did James Buchanan secure $1 million in mortgages on a $22K salary

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Part of James Buchanan’s candidate financial disclosure filing. James Buchanan owes one mortgage to each corporation: one for $800,000 (owed to Jamatt Properties LLC), and the second for $232,610 (owed to Orange Park LLC). Combined they come to a total of 1,032,610 – over 45 times james buchanan’s 2016 salary.

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How did James Buchanan secure $1 million in mortgages on a $22K salary Nationstar Mortgage to pay $1.75 mln over loan reporting. – The U.S. Consumer Financial Protection Bureau said on Wednesday that it had ordered nationstar mortgage llc to pay a $1.75 million civil penalty for failing to report accurate mortgage transaction.