FReep mail me if you want on/off the list.
Posted on 09/21/2009 10:10:42 AM PDT by Nachum
Acorn has been helping illegal aliens receive home loans for years. Finally the media is catching on that the government is complicit in helping the loans to go through. Fox report- video at link
Unfortunately, they have been giving loans to illegal aliens under the Bush admin, too....pandering to illegal aliens while Americans lose their jobs and go hungry
Illegal Alien Amnesty is Anti-American Bigotry
It is way past time to turn D.C. upside down... into the dumpster.
Time to expose the voter fraud side of ACORN...I wonder if O’Keefe and Giles have anything up their sleeves for that...
thats why acorn chief was not worried yesterday in inteview
I can remember the kerfuffle over Bank 'O Amerika giving credit cards to illegals to start their credit in Amerika. Remember "What could it possibly hurt?". I'm absolutely sure there are hundreds of thousands of foreclosed homes out of the millions that are from illegals.
No documents, no problem!
This was for a housing development called “Sugarberry Farms.”
Very nice. No wonder America is beginning to crumble.
Do you suppose if I went to Mexico I could get a nice seaside villa (for free)? Could you throw in some healthcare too? Thanks.
FReep mail me if you want on/off the list.
Wasn’t there a group of university students from Ohio that did just that. Problem was that the media wouldn’t listen and the people didn’t care. It might be a good idea to dig it up now.
ping
bump
“It is way past time to turn D.C. upside down... into the dumpster.”
I was hoping to see some 9-12 marchers in Washington D.C. with some
posters announcing:
“It’s time to divert the Potomac...and clean out the stables!”
(as was said about the Tiber and Rome)
Please add me to your ACORN list.
Hi amom!
Before George W. Bush became president and loosened our banking laws and regulations, this was impossible.
It just gets better and better
—
and bankier and bankier
JP Morgan Chase ,, Bank of America
nationwide nut debt holders
what would ap giannini say?
heck, what would twain or wil rogers or mencken say?
Quislings.
They took them to BofA and Wells Fargo?
BTT
Oh yeah? Well you’re a racist!
-left’s defense of ACORN
I saw CNN talking about the ACORN scandel yesterday actually. They were defending the ACORN people saying the videos were taken out of context, but they were saying the two that recorded them may have broken the law by recording them.
it’s BOA ...Bank of Amigos.
They wire billions of dollars into Mexico and then apply for taxpayer assistance. It’s a scam.
Bush was president in 1999?
Those people are no more illegal than is Obama.
They are all just undocumented democrat voters.
>> I saw CNN talking about the ACORN scandel yesterday actually. They were defending the ACORN people saying the videos were taken out of context, but they were saying the two that recorded them may have broken the law by recording them. <<
IF this is the case can all Hidden Camera / Investigative journalist Coverage that is embarrassing to Republicans be thrown out retroactively?
I don’t believe any amendment in any bill cut ACORN off.They will get $$$$$$$$$ $lu$hed through SEICU or COI or weforobama.com. some how some way.
For decades everyone who could make a difference didn't, be they in the media or elected office. I suppose we should feel thankful that the hammer has finally come down but I'm still pissed that this overt criminal organization was allowed to operate with funding from taxpayer dollars for so long.
my heads going to explode. even though we all knew they were slimey and sleaszy,hearing this stuff makes me insane.
http://www.freerepublic.com/focus/f-news/2342661/posts
"ACORN CAN HELP YOU, ILLEGAL IMMIGRANTS, TO PURCHASE A HOME"
(Translation from Spanish) Sept. 2005
TelemundoT47 Spanish Website, 2005 ^ | 7 September 2005 | AmericanInTokyo (translating from Spanish)
Posted on 09/18/2009 3:07:00 AM PDT by AmericanInTokyo
(Automatic Translation from Spanish to English)
Source: Channel T47, Telemundo
Title: Immigration / "Illegal Immigrants Can Buy Homes" (Indocumentados Pueden Comprar Casa) by Delinés Batlle
(BEGIN TRANSLATION) PUBLISHED: September 7, 2005 at 12:11 pm (ET) UPDATED: 30 September 2005, at 9:16 am (eastern)
NEW YORK, NY. -- Thanks to an initiative of private banking it is now possible for illegal immigrants to buy homes in the United States without having a social security number.
A new program helps immigrants who can not afford home to fulfill their American dream.
Elena Hernandez has long had the dream of buying a home, but has not succeeded, she said not to have immigration papers.
The Mexican immigrant said: "I believe I have closed the doors to buy a house because I have a card from social insurance number, so without social security number can not do anything."
Historically, immigrants who have purchased home in the United States have done so under some risk, with false documents or with the help of others. "There are people who do have their own, but are in the name of another person who does have legal documents.
But now Citigroup have joined ACORN, the Association of Community Organizations for Reform , to help immigrants to buy your house even without social security number.
What if the ITIN is needed, the number that gives the federal government for people without Social Security can pay their taxes.
"They should bring copies of 2 recent bank statements, 3 most recent check stubs and tax returns for the last 2 years."
Furthermore, it should be 3 or 4 lines of credit, although that include rent receipts, electricity or water.
The advantages of having these mortgages available to certain undocumented, is that one need only have 3% down payment or initial payment and get an interest rate down to 1 point lower than in the market.
It is important that all concerned know that this new program is available only through the centers of ACORN Housing Corporation, in the following communities:
New York -- New Jersey -- Bridgeport, CT -- Washington DC -- Miami -- Baltimore, MD -- Chicago -- California
For more information, please visit the Internet • ACORN HOUSING and under "ACORN Housing and Citigroup Partner on Remarkable Home Loan Product" for more information. For the office nearest you see • ACORN in Spanish.
(END TRANSLATION)
How were illegals 'legally' getting home loans in 1999?
What laws in 1999 allowed banks to serve illegal aliens with no US documentation or immigration papers?
Specifically which laws and regulations did George W. Bush loosen?
messed up. I lived in a subdivision that had a large portion of the homes owned by non-citizens. They had the zero down, interest only for 24 months, balloon payment mortgages.
To nobodies surprise, the places were vacated by the 25th month and the values of all our homes dropped like a rock because they were sold for .40 on the dollar.
My realtor hinted that she can’t tell someone that they can’t afford a home in a particular neighborhood. If the buyer wants to see and purchase the house, they need to go through with it as long as they can bring the money to the table at closing. Not sure how that works with zero down, but the deck is certainly stacked in the favor of people that don’t have money from being kept within their means.
The laws that prevented banks from serving illegal aliens, i.e.: non-resident aliens with no immigration papers, from obtaining US banking goods and services. Prior to 2001, a non-resident alien without US immigration papers could not open a US bank account, or obtain a US credit card, or an auto, home and business loan.
After 2001, the doors were wide open and the banks couldn't sign them up fast enough.
For more information, see my FR home page. (See: Ol' Dan Tucker)
On October 26, 2001, Bush signed the USA Patriot Act of 2001 into law. Contained in section 326(b) was the provision that allowed US banks to accept the Mexican Matricula Consular card as valid ID for opening a bank account.
Congress sent a request for opinion to Bush's Treasury Dept. about 326(b). Bush's Treasury responded:
“The proposed rules set forth the requirement that financial institutions would have to establish a customer identification and verification program applicable to all new accounts that are opened, regardless of whether the customer is a U.S. citizen or a foreign national. While the proposed rules prescribe minimum standards for such programs, they leave sufficient flexibility to permit financial institutions to tailor their program to fit their business operations. The customer identification program would have to contain reasonable procedures for identifying any person, including a business, that opens an account, setting forth the type of identifying information that the financial institution will require. At a minimum, for U.S. persons the proposed rules would require financial institutions to obtain the following information: name, address, taxpayer identification number, and, for individuals, date of birth. While a taxpayer identification number is not required for non-U.S. persons, a financial institution must describe what type of information it will require of a non-U.S. person in place of a taxpayer identification number. The regulations state that financial institutions may accept one or more of the following: a U.S. taxpayer identification number; a passport number and country of issuance; an alien identification card number, or the number and country of issuance of any other government-issued document evidencing nationality or residence and bearing a photograph or similar safeguard.â€
This also contained a footnote (17):
“Thus, the proposed regulations do not discourage bank acceptance of the ‘matricula consular’ identity card that is being issued by the Mexican government to immigrants.†(See: Treasury Department Issues USA PATRIOT Act Report to Congress)
Thanks Dan! I did not know all that.
You're welcome.
It's pretty telling when no Mexican banks accept their own Matricula Consular card as ID because the bearer's identity is all but untraceable.
Almost all US banks do.
Que? Bush had a connection to Acorn?
I think not, maybe he was forced to help fund them through Democrat budgets that had to be signed, but I doubt he EVER backed Acorn willingly and when they helped facilitate Illegal Alien bank loans, that was most certainly was Acorn people participating in felony acts IMO.
I just thought illegals had magical powers that enabled them to jump ahead of American citizens.
Yah, that's right. The lefties forced Bush and the Republicans to do everything they did.
On February 16, 2001, just 3 weeks after his inauguration, President George W. Bush met with Mexican President Vicente Fox to discuss the terms of the Partnership for Prosperity Agreement (with Mexico). (See: Partnership for Prosperity Agreement (with Mexico))
The P4P agreement was signed on September 6, 2001.
On October 26, 2001, Bush signed the USA Patriot Act of 2001 into law. Contained in section 326(b) was the provision that allowed US banks to accept the Mexican Matricula Consular card as valid ID for opening a bank account.
Congress sent a request for opinion to Bush's Treasury Dept. about 326(b). Bush's Treasury responded:
“The proposed rules set forth the requirement that financial institutions would have to establish a customer identification and verification program applicable to all new accounts that are opened, regardless of whether the customer is a U.S. citizen or a foreign national. While the proposed rules prescribe minimum standards for such programs, they leave sufficient flexibility to permit financial institutions to tailor their program to fit their business operations. The customer identification program would have to contain reasonable procedures for identifying any person, including a business, that opens an account, setting forth the type of identifying information that the financial institution will require. At a minimum, for U.S. persons the proposed rules would require financial institutions to obtain the following information: name, address, taxpayer identification number, and, for individuals, date of birth. While a taxpayer identification number is not required for non-U.S. persons, a financial institution must describe what type of information it will require of a non-U.S. person in place of a taxpayer identification number. The regulations state that financial institutions may accept one or more of the following: a U.S. taxpayer identification number; a passport number and country of issuance; an alien identification card number, or the number and country of issuance of any other government-issued document evidencing nationality or residence and bearing a photograph or similar safeguard.â€
This also contained a footnote (17):
“Thus, the proposed regulations do not discourage bank acceptance of the ‘matricula consular’ identity card that is being issued by the Mexican government to immigrants.†(See: Treasury Department Issues USA PATRIOT Act Report to Congress)
Note that no Mexican banks accept their own government's Matricula Consular card as valid ID for opening a bank account because the bearer's identity is all but untraceable. In contrast, thanks to Bush's Treasury Dept., almost all US banks accept it.
On June 17, 2002, Bush held a press conference. In this press conference he said that by 2010 he wanted to see 5.5 million new 'minority' home owners.
He called on Fannie Mae and Freddie Mac to increase commitments to the 'minority' market by $440 billion. (See: President Calls for Expanding Opporunities to Home Ownership)
Here's how he described the minorities:
Three-quarters of white America owns their homes. Less than 50 percent of African Americans are part of the homeownership in America. And less than 50 percent of the Hispanics who live here in this country own their home. And that has got to change for the good of the country. It just does.
In response to the mandate contained in the P4P agreement, the New Alliance Task Force was formed in May 2003. (See: New Alliance Task Force)
The NATF is a broad-based coalition of 62 members, including the FDIC, Mexican Consulate, 34 banks, community-based organizations, federal bank regulatory agencies, government agencies, and representatives from the secondary market and private mortgage insurance (PMI) companies.
Their goal was to open the Mexican illegal alien market to US banks and visa-versa using low-cost remittances as the bait. As Bush's 2002 speeches show he was talking about hundreds of billions of tax dollars to directly benefit millions of Mexican illegal aliens.
The NATF was organized into four working groups that were tasked with the following goals:
In 2004, Wells Fargo reported that they had signed up 400,000 new Matricula Consular accounts and at the time were opening up 22,000 new accounts a month. Keep in mind this is just Wells Fargo and that sub-prime lending would not reach its peak until 2005-2006.
The IRS says they've issued over 11 million ITINs since its inception. Mexico says they've issued over 5 million Matricula Consular cards.
But, none of this would be workable if ICE was deporting the banks' new customers. Once again, Bush swung into action, hobbling border and interior enforcement.
Worksite arrests of illegal aliens fell some 97 percent, from 2,859 in 1999 to 159 in 2004. Investigations targeting employers of illegal immigrants fell more than 70 percent, from 7,637 in 1997 to 2,194 in 2003. Arrests on job sites fell—precipitously, from 17,554 in 1997 to 445 in 2003. Fines levied for immigration-law violations fell from 778 in 1997 to 124 in 2003. Notices of intent to fine employers fell from 865 in 1997 to just 3 in 2004.
When the USA Patriot Act came up for renewal in 2004, some republicans wanted to remove the provision that allowed banks to accept Matricula Consular ID as the consular ID is unreliable.
Barney Frank (D-MA) and some of his Republican and Democrat friends swung into action to protect it:
Anti-matrÃcula proposal defeated; financial institutions can continue accepting consular ID's:
In a vote of 222 to 177, the U.S. House of Representatives passed a bipartisan amendment, H.Amdt. 754, introduced by Reps. Michael Oxley (R-OH), Barney Frank (D-MA), Jim Kolbe (R-AZ), Ed Pastor (D-AZ), and Rubén Hinojosa (D-TX) to strike the so-called Culberson amendment that would have prohibited the Treasury Dept. from implementing regulations that allow financial institutions to accept matrÃcula consular identification cards as part of a valid customer identification program under the USA PATRIOT Act...
In countering Culberson’s allegations that the FBI and the Justice Dept. were opposed to the bipartisan amendment to preserve the use of matrÃcula consular cards, Bachus presented a letter for the record written by Deputy Atty. Gen. James B. Comey and addressed to Speaker of the House Dennis Hastert. The letter, dated Sept. 14, 2004, stated:
The Department of Justice fully supports the Administration’s current policy under the USA PATRIOT Act that requires banks and other financial institutions to establish reasonable procedures for the identification and verification of new account holders, which is set forth in regulations of the Department of the Treasury. Therefore the [Justice] Department supports the Oxley-Frank-Kolbe amendment to H.R. 5025 that preserves these regulations. . . . The Department of Justice, including the FBI, continue[s] to work closely with the Treasury Department on this and other issues related to halting all financing of terrorists.
In the final roll call vote, 49 Republicans supported the Oxley-Frank-Kolbe-Pastor-Hinojosa amendment and 16 Democrats opposed it. This legislative victory was a joint effort by financial institutions, immigrants’ rights groups, consumer groups, and many others who worked in coalition to defeat, once again, efforts to limit the acceptance of consular ID cards by banks, credit unions, thrifts, and other financial entities.
In Bush's June 17, 2002 speech, he also called for the creation of the American Dream Down Payment Fund.
And so here are some of the ways to address the issue. First, the single greatest barrier to first time homeownership is a high downpayment. It is really hard for many, many, low income families to make the high downpayment. And so that's why I propose and urge Congress to fully fund the American Dream Downpayment Fund. This will use money, taxpayers' money to help a qualified, low income buyer make a downpayment. And that's important.
And, the 108th Congress (2003-2005) responded with the American Dream Downpayment Act:
Amends the Cranston-Gonzalez National Affordable Housing Act to: (1) authorize the Secretary of Housing and Urban Development to make grants to State and local participating jurisdictions for downpayment assistance and related home repair to low-income, first-time home buyers; and (2) limit family assistance to the greater of six percent of the purchase price or $10,000. Requires a participating jurisdiction to include intended grant uses in its fiscal year comprehensive housing affordability strategy under such Act.
Sets forth State and local jurisdiction allocation formulas. Permits fund reallocation.
Requires the Comptroller General to report respecting the impact of such grants on a State-by-State basis.
Terminates grant authority after December 31, 2007. Authorizes specified FY 2004 through 2007 appropriations.
Makes the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 inapplicable to such assistance.
The act was authorized to appropriate up to $200 million per year of US taxpayer funds between FY2004 through FY2007 to go to Bush's 'minorities'.
The sponsor and co-sponsors of this $800 million giveaway:
Sponsor: Sen. Wayne Allard [R-CO]
Co-sponsors:
Sen. Samuel Brownback [R-KS]
Sen. Conrad Burns [R-MT]
Sen. Ben Campbell [R-CO]
Sen. Michael Crapo [R-ID]
Sen. Michael Enzi [R-WY]
Sen. Charles Hagel [R-NE]
Sen. Lisa Murkowski [R-AK]
Sen. Richard Santorum [R-PA]
Sen. Jefferson Sessions [R-AL]
In the 2004 election cycle, mortgage bankers and brokers poured nearly $847,000 into Mr. Bush’s re-election campaign, more than triple their contributions in 2000, according to the nonpartisan Center for Responsive Politics. The administration did not finalize the new rules until last month. (See: White House Philosophy Stoked Mortgage Bonfire)
We need that Acorn hat transposed on one of the pictures of Obama after the election, just to make it stick in peoples’ minds.
Then they probably jumped to Section 8 after the 24 months or just repeated the process, probably under a different SSN#!
Regarding the cut and paste post slamming Bush on Immigration... I always 100% agreed that it was horrible, you are speaking to the choir.
I also didn’t love his Prescription Drug welfare program.
I loved his attempted defenses of this country and his proper use of reducing taxes so money to the treasury and people’s bank accounts would be raised.
IMO Bush was a populist, not a conservative or all that good a Republican IMO.
Anyone remember Comprehensive Immigration Reform?
It was the Bush's worst mistake. The first was TARP.
What a tragedy.
It's all about taxes.
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