When the debt went unpaid, the wealthy Sampoerna family wanted to buy it, according to a banker, but a sale was narrowly averted in 2007 when Hashim refinanced the loan.
Mill Financial, which is based in Springfield, Virginia, reportedly refinanced a loan used by Gillett to buy a big stake in the famous Liverpool Football Club of the English Premier League in 2007.
If a bank refinanced a loan that soon became delinquent, Fannie and Freddie would look for evidence that the bank had violated the representations and warranties it had made about the borrower and the property, and force it to buy the defective loan back.