"Illegal aliens in San Diego can purchase a home at below market interest rates, receive down payment assistance, and not have to take out mortgage insurance like other risky customers do. "
there is always money in everything abank does. Why would an illegal get those things? Where is the profit. those things exist in mortgages to protect the bank. Why would the bank drop such requirements?
That's what I don't get. You have people claiming that a bank is lending to a) bad credit risks at b) preferred interest rates. Why would they do that? You'd almost think this was made up specifically to make people feel they've been unfairly treated in their own mortgages and to blame immigrants.
And oh, gee, was this posted from an anti-immigration activist group? You don't say.