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Illegal aliens getting home loans - FDIC and IRS encourage loans irregardless of legal status.
TheState ^

Posted on 07/10/2005 8:37:53 AM PDT by Happy2BMe

Edited on 07/10/2005 9:09:13 AM PDT by Admin Moderator. [history]

MILWAUKEE

(Excerpt) Read more at thestate.com ...


TOPICS: Extended News
KEYWORDS: aliens; badenglish; housing; illegalalien; illegals; immigrantlist; mortgage
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Word hasn't got out yet in Mexico City that a man's house can become a WalMart parking lot at the drop of a dime.
1 posted on 07/10/2005 8:37:54 AM PDT by Happy2BMe
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To: Happy2BMe
We thought we would never buy a home, because of our (illegal) status,” said Mrs. Garcia.

Many of us thought an illegal immigrant would never buy a home in the country they insulted by sneaking in either.

Is it time to throw in the towel yet?

2 posted on 07/10/2005 8:41:40 AM PDT by ElCapusto
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To: JohnHuang2; keri; international american; Kay Soze; jpsb; hershey; TomInNJ; dagnabbit; Pro-Bush; ...
IRS to the illegal aliens of the world: "Come to America - we WILL give you a home loan!"

(BTW: WHO OWNS THI I - R - S?)

==================================

The Internal Revenue Service gave them an identification number that let them apply for it at local Mitchell Bank, which was happy to take their business.

3 posted on 07/10/2005 8:42:22 AM PDT by Happy2BMe (Viva La MIGRA - LONG LIVE THE BORDER PATROL!)
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To: Happy2BMe
Statement: "...Javier and Araceli Garcia, illegal immigrants from Mexico, never imagined that the U.S. government would help them buy a home..."

Response: As an American I never imagined that our government would do such a thing.

4 posted on 07/10/2005 8:42:38 AM PDT by AEMILIUS PAULUS (It is a shame that when these people give a riot)
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To: Happy2BMe

Way to go. Make homes even less affordable for citizens!!! More competition for entry-level homes will drive up prices.

If Pablo can afford a mortgage, he's making better than $2.75/hr, so this whole "cheap labor" argument is BS!!!

This government keeps stabbing us in the back.


5 posted on 07/10/2005 8:44:34 AM PDT by msf92497 (My brain is "twitchy")
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To: AEMILIUS PAULUS

Were done. Rome is burning and all that is left are the ashes.

What a damn joke we have become. We are selling our nation out for the almight dollar. As Lenin said "We will sell the capitlists the rope they will hang themselves with"


6 posted on 07/10/2005 8:45:45 AM PDT by chris1 ("Make the other guy die for his country" - George S. Patton Jr.)
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To: Happy2BMe

“Our job is to encourage banks to lend and invest in underserved markets,” said Michael Frias, an FDIC official in Chicago. “We don’t make distinctions of immigration status.”

"“We don’t make distinctions of immigration status.”"

And why is that Michael? You have just stated that FDIC needs a huge revamping in this area.
There is no reason to enter the country legally anymore; just get here and we will take of you.
Sickening.


7 posted on 07/10/2005 8:46:49 AM PDT by HereInTheHeartland
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To: msf92497; Marine Inspector; Ajnin; B4Ranch; HiJinx; Spiff
Is the IRS and FDIC breaking any immigration laws by enabling lenders to grant mortagege loans to illegal aliens?

===========================

What Is Considered An Illegal Activity Under Immigration Law?

Here are some examples of the most common violations of United States Immigration laws:

Examples:

(This is not a complete list of violations.)



8 posted on 07/10/2005 8:47:51 AM PDT by Happy2BMe (Viva La MIGRA - LONG LIVE THE BORDER PATROL!)
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To: chris1

Cash flow IS God!


9 posted on 07/10/2005 8:48:10 AM PDT by AEMILIUS PAULUS (It is a shame that when these people give a riot)
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To: Happy2BMe
FDIC and IRS encourage loans irregardless of legal status.

What does "irregardless" mean?

10 posted on 07/10/2005 8:48:56 AM PDT by TruthShallSetYouFree (Abortion is to family planning what bankruptcy is to financial planning.)
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To: Happy2BMe

"In 1997, the IRS started issuing ITINs to foreigners who aren’t eligible for a Social Security number to encourage them to file an income-tax return, regardless of immigration status. As of December 2004, the IRS had issued 8 million such numbers."

you can be sure that 900k+ of them declared just enough income to receive the maximum earned income credit....quite a profitable scam foisted upon those who actually pay full-pop taxes. Ask anyone who works for H & R Block-type firms from Jan thru April as a tax preparer if you don't believe this.


11 posted on 07/10/2005 8:49:07 AM PDT by Vn_survivor_67-68
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To: AEMILIUS PAULUS

I don't know if cash flow is God, but American capitalism and the free enterprise system is the official religion of this country.


12 posted on 07/10/2005 8:51:13 AM PDT by jeremiah (Patrick Henry said it best, give me liberty or give me death.)
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To: Happy2BMe; gubamyster; HiJinx
Word hasn't got out yet in Mexico City that a man's house can become a WalMart parking lot at the drop of a dime.

You read my mind. This story is truly disgusting.

13 posted on 07/10/2005 8:52:14 AM PDT by TheSpottedOwl (UR 0wN3D: USSC-2005)
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To: AEMILIUS PAULUS

Find your local banking lobbyist and drag him into an alley.... This is all banks baby. I'm in real estate and I can see their fingerprints on this wherever it happens. They WANT the illegals money in their banks and they are more than happy to do anything that isn't specifically prohibited by Federal law. They would still be laundering money for drug dealers if the Feds hadn't passed an Anti-Money Laudering law in 1986. Banks have no ethics - they just want to keep the money flowing.


14 posted on 07/10/2005 8:52:28 AM PDT by bpjam (Now accepting liberal apologies.....)
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To: Happy2BMe

"IRS to the illegal aliens of the world: "Come to America - we WILL give you a home loan!"

The future of North America is an integrated Mexico with USA - perhaps this is the goal of which no one in power will speak -YET.

Much like - Puerto-Rico, commonwealth island's of south pacific..Mexi/USA is a political answer that would provide benefits to both,,but is it the goal of todays leaders?

the results of MexiUSA would be major and the implications are unknowable..Our founding fathers vision of America could be expanded to include those in Mexico as we did with California and Texas and other border states in last 2 centuries.

It seems those in government know the answer to the question Why leave the borders open?


15 posted on 07/10/2005 8:53:07 AM PDT by ConsentofGoverned (A sucker is born every minute..what are the voters?)
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To: Vn_survivor_67-68

you can be sure that 900k+ of them

sorry, should have typed

you can be sure that *7.2 milliom* of them


16 posted on 07/10/2005 8:53:39 AM PDT by Vn_survivor_67-68
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Comment #17 Removed by Moderator

To: jeremiah
...but American capitalism and the free enterprise system is the official religion of this country.

Hardly.

18 posted on 07/10/2005 8:54:12 AM PDT by inquest (FTAA delenda est)
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To: Happy2BMe

“the IRS started issuing ITINs  to foreigners who aren’t eligible for a Social Security number to encourage them to file an income-tax return, regardless of immigration status”

 

Another perfect example of incrementalism, “Social or political gradualism”. One of these days they will convert ALL “ITINs” to Social Security eligibility.

 


19 posted on 07/10/2005 8:54:16 AM PDT by Not a 60s Hippy (They are SOCIALISTS - not progressives, elitists, liberals, etc.)
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To: chris1

Tancredo will fight for America if we just support him. And he will win, regardless of what the cheap labor paid liars on the web say!

Please support Tom Tancredo for President.


20 posted on 07/10/2005 8:56:05 AM PDT by quiet_vet
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