I will be willing to bet that your percentage of illegal’s failed loans is terribly low.
I will be willing to bet that your percentage of illegal’s failed loans is terribly low.
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Its tough to get ahold of exact numbers. If you look at the stats I posted you’ll notice that about 49% of the bad mortgages have gone to hispanics. These are heavily concentrated in high population density hispanic counties—especially in california. These areas also have high unemployment. In this case it wouldn’t be too tough to wag that 50% of the bad mortgages went to illegals. But then that makes out the total % of bad mortgages to illegals as being at about 25%.