HUD: Five Million Fraudulent Mortgages Held by Illegals

KFYI ^ | OCT 7 2008 | KFYI

[K-oneTexas]

But we don’t have an illegal problem. /sarc

[theBuckwheat]

During WW 2, the US built a road over 1000 miles long from the US to Alaska in less than 1 year. If we had built a border barrier, it would have gone a long way to slowing the flood of Mexicans.

Yet there is a bigger failure of government: there are a number of agencies that get the payroll deposit data. At the very least the IRS gets it as well as the income tax agency in each state that levies a tax on incomes. So on a variety of levels, both STATE and FEDERAL governments have data that could be matched with other records to at least highlight employers with patterns of suspicious employees that seem to be employed at the same time elsewhere.

This is SHAMEFUL. These people should not be here in the first place. Employers should not be able to employ and they should know that government will soon investigate fully employee filings.

[GOPJ]

Not all of them own houses.

[freeplancer]

If this is true, than it is proof that there at least 50 million illegals in this country. Don’t they live like 50 in one house?

[freeplancer]

What are you smoking?

[ConservativeMind]

That’s what makes the number all the more scary.

[rabscuttle385]

One illegal alien was arrested this year in Tucson after allegedly using a stolen social security number to buy two homes and rack up over $780,000 in bad debt.

Some five million fraudulent home mortgages are in the hands of illegal aliens, according to the U.S. Department of Housing and Urban Development.

Let's all join in giving Juan a round of applause!

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[freeplancer]

You are smoking crack if you think there are only 20 million IAs in this country.

[rabscuttle385]

Mortgage payment?! We don't make no steenkin' payments...we're "God's children"!

[television is just wrong]

I’ve written there are more like 30 million in this country, and I have been slapped down for it.

Obama is the number one illegal alien and he shouldn’t be running for office

http://obamacrimes.com/index.php/component/content/article/1-main/28-phil-j-berg-files-amended-complaint-in-berg-v-obama

[KoRn]

That’s a bunch of mortgages!

I wonder if McCain would buy those up along with the rest he promised to buy.

Insanity reigns!

[Doctor Don]

The lenders are really stupid. The DemonRATS have caused this by requiring lenders to make loans to unworthy borrowers....Barney Faggot Franks and Chris Dodd are the chief culprits!

[Bullish]

It’s pretty hard to blame the illegals for this. If banks left piles of cash out what do ya’ think would happen?

If you left the lid off the cookie jar in a room full of kids what would happen?

Our govt. purposely left the lid off the cookie jar.

[MurrietaMadman]

Sounds pretty odious to me.

http://www.odiousdebts.org/odiousdebts/index.cfm?DSP=subcontent&AreaID=3

Or even (gasp) conspiratorial!

http://volokh.com/posts/1216060102.shtml

[rvoitier]

You really think there are only 10 million illegals?

Hell, that's just the number of anchor babies born in Dallas last year. :(

[Iron Munro]

No problemo.

President McCain will just buy these bad mortgages right up so the poor illegals can live in their McMansions on our tax dollars.

[ought-six]

Madness.

[lonevoice]

Some five million fraudulent home mortgages are in the hands of illegal aliens, according to the U.S. Department of Housing and Urban Development.

This should be a scandal of the same magnitude as Fannie Mae & Freddie Mac. But it won't be.

[ought-six]

“Queen Elizabeth still owns thosands of residential properties in the United States.”

Queen Elizabeth is worth billions. She doesn’t need mortgages.