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Immigration
See other Immigration Articles

Title: HUD: Five Million Fraudulent Mortgages Held by Illegals
Source: KFYI
URL Source: http://kfyi.com/pages/local_news.html?feed=118695&article=4364653
Published: Oct 9, 2008
Author: Staff
Post Date: 2008-10-09 13:34:59 by Horse
Keywords: None
Views: 160
Comments: 8

One illegal alien was arrested this year in Tucson after allegedly using a stolen social security number to buy two homes and rack up over $780,000 in bad debt.

Some five million fraudulent home mortgages are in the hands of illegal aliens, according to the U.S. Department of Housing and Urban Development.

It's not known how many of those have contributed to the subprime housing mortgage meltdown, but it has affected every state, including Arizona.

The problem began years ago when banks were forced to give mortgages without confirming social security numbers or borrower identification. As a result, illegal immigrants were able to obtain home mortgages which they could not afford.

One illegal alien was arrested this year in Tucson after allegedly using a stolen social security number to buy two homes and rack up over $780,000 in bad debt.

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Begin Trace Mode for Comment # 8.

#7. To: Horse (#0)

Spic bastards, along with their enablers, deserve to be hung

Jethro Tull  posted on  2008-10-09   17:29:39 ET  Reply   Untrace   Trace   Private Reply  


#8. To: Jethro Tull (#7) (Edited)

Calling wetbacks "spics." You racist bastard. LMFAO. I lost my ass. Someone help me find my ass!

IndieTX  posted on  2008-10-09   19:52:54 ET  Reply   Untrace   Trace   Private Reply  


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