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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: 169
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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#1. To: Horse (#0)
This certainly isn't the case in Texas: we've had to show ID with every closing, and with every application for a loan beginning in '78. Maybe we were dealing with better institutions as none of them have gone belly-up.
ROFLMAO!! Come on, this is some FUNNY SH*T!! Haaaahahaha!
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”—Samuel Adams
Real nations don't need ID cards. Eyes and ears suffice.
...Both methods yielded similar results, which support the previous findings; that is, of all modern human samples, sub-Saharan Africans again exhibit the closest phenetic similarity to various African Plio-Pleistocene hominins... "If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”—Samuel Adams
I wonder if anyone really believes this kind of nonsense? I googled the above, and all of the hits are only repeats of the same silly message. BUT... there is some good info out there, and it is pretty obvious that the problems start with the law changes made by the Congress, at the behest of the banks. Reality Times, by Peter G. Miller -- In the past year some 6 million new and existing homes were sold, and millions of properties were refinanced. Mortgage fraud, whether by flipping or otherwise, is a statistical rarity. We have more-than-adequate laws in place to deal with such problems. Illegal flipping leaves reams of evidence, the penalties are severe, and the protective systems evolved by the lending industry work enormously well -- and therein lies a potent problem. kfyi.com/pages/local_news.html?feed=118695&article...
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest.
Let's look at this silly information another way; FAIR: Illegal Alien / Immigrant Problems & Statistics | FAIR www.fairus.org/site/PageServer?pagename=iic_immigr... FAIR estimates that in 2007 the illegal alien population is above 13 million persons. Government and academic estimates indicate that as of 2006 there were 11 to 12 million illegal aliens living in the United States. The Center for Immigration Studies estimated the illegal alien population at 10 million as of November 2004. It is difficult to have an exact figure because the illegal nature of their presence prevents any enumeration, but the U.S. Census Bureau estimated 8.7 million illegal aliens were here in 2000, and immigration officials estimate that the illegal alien population grows by as many as 500,000 every year. So, basically, according to this 'post,' roughly 1 in every two (and a half) illegal aliens has bought a house............ fraudulently, of course. And people wonder why they never understand what is going on......
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest.
Spic bastards, along with their enablers, deserve to be hung
Calling wetbacks "spics." You racist bastard. LMFAO. I lost my ass. Someone help me find my ass!
Law Enforcement Against Prohibition "Corporation: An entity created for the legal protection of its human parasites, whose sole purpose is profit and self-perpetuation." © IndieTx The problem began years ago when banks were forced to give mortgages without confirming social security numbers or borrower identification.
#2. To: Horse (#0)
#3. To: Horse, *Race Realism* (#0)
Ancient teeth and modern human origins: An expanded comparison of African Plio-Pleistocene and recent world dental samples, Journal of Human Evolution Volume 45, Issue 2, August 2003, Pages 113-144
#4. To: Tauzero (#3)
ACORN mortgage related reparations bump
#5. To: Horse (#0)
Some five million fraudulent home mortgages are in the hands of illegal aliens
#6. To: Horse (#0)
Some five million fraudulent home mortgages are in the hands of illegal aliens, according to the U.S. Department of Housing and Urban Development.
#7. To: Horse (#0)
#8. To: Jethro Tull (#7)
(Edited)
"There is no 'legitimate' Corporation by virtue of its very legal definition and purpose."
-- IndieTx
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