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Financial Collapse / Subprime Mortgages to Illegal Aliens
Financial Collapse / Subprime Mortgages to Illegal Aliens
ILLEGAL ALIENS & THE MORTGAGE MESS
But there's one villain that has slipped notice:
how illegal immigration, crime-enabling banks and open-borders Bush policies fueled the mortgage crisis. It's no coincidence that the areas hardest hit by the foreclosure wave - Loudoun County, Va., California's Inland Empire, Stockton and San Joaquin Valley, and Las Vegas and Phoenix - also happen to be some of the nation's largest illegal alien sanctuaries. Half of the mortgages to Hispanics are subprime. A quarter of all those subprime loans are in default and foreclosure.
http://www.nypost.com/seven/09242008/postopinion/opedcolumnists/illegal_aliens__the_mortgage_mess_130482.htm
Financial Collapse / Subprime Mortgages to Illegal Aliens
Good video worth watching with Roger Hedgecock
On Dobbs, radio host claimed HUD said "about 5 million illegal alien home mortgage loans ... have gone bad,"
U.S. needs to address immigration problem now
Our immigration policies in this country are dangerous, unfair and border on ridiculous.
We have nearly 20(?) million illegal immigrants here from many countries, and we don’t even know who they are and where they are from.
Hundreds of billions of dollars are spent on them each year for medical care.
Social Security fraud is rampant, causing our system to come apart at the seams.
The thousands break child labor laws and we turn a blind eye at the problem.
Financial Collapse / Subprime Mortgages to Illegal Aliens
Wisconsin Program Helps Illegal Aliens Get Mortgages
Friday, August 26, 2005 Note the date
MILWAUKEE — Illegal immigrants are often criticized as unfair competition for U.S. jobs. Now, with an unprecedented program in Wisconsin, they could be competing with legal residents for a new home — with help from the state government.
The first-in-the-nation program, run by the Wisconsin Housing and Economic Development Authority , is helping to make getting a first mortgage easier —for illegal immigrants.
The Wisconsin mortgage program follows the lead of the Internal Revenue Service ( search), which gives out individual taxpayer identification numbers, or I-TINS, largely to people in the United States illegally so that they can legally pay income tax. Wisconsin is now allowing I-TINS to be used where Social Security numbers would normally be required.
Financial Collapse / Subprime Mortgages to Illegal Aliens
Mortgages For Illegal Aliens: Are Banks The Treason Industry?
The issue in a nutshell is that many illegal aliens, now widely viewed by banks and businesses of all stripes as a hot "new emerging market," can qualify for a home mortgage with as little as two years of U.S. residency, a "credit history," and an Individual Tax Payer Identification Number.
Financial Collapse / Subprime Mortgages to Illegal Aliens
