Posted on 10/10/2008 10:22:51 AM PDT by Mobile Vulgus
A single report by KFYI radio of Phoenix, Arizona highlights a shocking claim made by the Department of Housing and Urban Development (HUD). HUD says that five million illegal aliens hold illegal mortgages. This is just one more example of the lax lending laws put into place by Democrats like Barney Frank that have contributed to this economic crisis. One would think this would be big news. But, so far we have only this one report to cover it.
There have been earlier stories of home flipping schemes that made liberal use of illegal aliens as straw buyers and the FBI has followed numerous cases to prosecution and conviction. But the Old Media have not done much with this story...
Read the rest at Publiusforum.com...
Bump !
The old Media’ Won’t touch this with a ten-foot pole because it exposes DEMOCRAT CORRUPTION.
Can’t have that, anymore...
Gee, 5 million X 100,000 (guess average mortgage) = 500 billion.
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Calling the Old Media: Five Million Illegals Have Illegal Mortgages in U.S.A.! How quaint. McCain scored the second amnesty. |
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I heard that 40% of bad loans in Colorado are illegals.
It was/is an intended consequence.
Designed to do exactly what is happening.
Scary to see how powerful the anti-American forces really are, and they are amongst our bureaucrats, and other power positions.
Taken over from within...
Turn to God and read the Bible, He will meet you there.
Lets see, they know that illegal aliens hold five million mortgages. They say there are only eleven million illegal aliens in the U.S.
That would mean that 1 out of every 2.2 illegal aliens has a mortgage!
Or it means they are lying their collective butts off and there are actually 35 - 40 million of the little illegal ba$turds here in the U.S.
Golly, I wonder which is it?
Asking these people to pay for their homes is racist.
Say the average illegal mortgage is $100,000. Times 5 million, that’s 5 trillion dollars.
Nice.
I don’t doubt the five million at all. Hud would be able to come up with the figures without too much work and I think that they are correct.
Update on kfyi page
*****
The Department of Housing and Urban Development won’t discuss whether 5 million illegal immigrants held mortgages.
Earlier this week, we posted a story that said figures from the Department of Housing and Urban Development showed that home mortgages were held by 5 million illegal immigrants and that this may have contributed, in part, to the housing crisis that has led to the recent failure in the financial markets.
Our source for that story, a retired agent from Immigration and Customs Enforcement, stands by those numbers.
A person from Housing and Urban Development contacted KFYI to tell us the number was inaccurate, that there were only 2.3 million mortgages held by immigrants, so there was no way that 5 million illegals could have mortgages.
When asked what HUD says the correct number is, the person (who identified himself only as ‘Brian’ and who refused to give his last name), either would not or could not say how many illegal immigrants hold mortgages. He also said there was “no way” HUD would grant an interview on the subject.
Can I point out that foreigners are prohibited even from owning property in Mexico no matter whether or not they are in the country legally or living abroad?
HUD has denied they issued this report.
http://www.bizjournals.com/phoenix/stories/2008/10/06/daily54.html
They are completely lying their but off.
My rule of thumb, whatever they admit to, multiply it by three (3).
Er, 5 billion.
Is grabbing the crotch a gang sign, or does he have jock itch?
Beat me to it!
I think your latter figure is closer to the truth.
Does this mean that we taxpayers are going to save the mortgages of illegals who aren’t supposed to be here in the first place.
Does that mean if they “keep” their houses and get “assistance” that we are giving them “shamnesty” by defacto?
It doesn’t make sense. It is believed there are 12 million illegals in the US. If true, about 41% of these illegals purchased homes. That includes the illegal children. Could it be that there are a lot more here than previously believed? You would almost have to conclude that they can get home mortgages easier than your average US citizen.
I've always believed it was more than the 12 million commonly cited. The 5 million mortgages number is probably too low also.
I bet there are probably over 10 million illegals with mortgages and the number of actual illegals is over 50 million.
“Does that mean if they “keep” their houses and get “assistance” that we are giving them “shamnesty” by defacto?”
YES!
With all this ongoing CORRUPTION how much longer can America remain America and not become like Mexico?
There’s no such thing as an “illegal” mortgage.
They’re just “undocumented”.
Must be higher in California since we have more illegals!
not long
i couldn’t get a b of a credit card, but an illegal could
they weren’t using ss#s for illegals, but us citizens they were.
I think Rush brought this up today or yesterday, too...
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