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HUD: Five Million Fraudulent Mortgages Held by Illegals
KFYI ^
| OCT 7 2008
| KFYI
Posted on 10/07/2008 6:55:53 PM PDT by HollyButler
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.
It's not known how many of those have contributed to the subprime housing mortgage meltdown, but it has affected every state, including Arizona.
The problem began years ago when banks were forced to give mortgages without confirming social security numbers or borrower identification. As a result, illegal immigrants were able to obtain home mortgages which they could not afford.
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.
TOPICS: Business/Economy; Crime/Corruption; Front Page News; Government; Politics/Elections
KEYWORDS: 2008; acorn; aliens; bailout; criminals; democrats; economy; elections; fanniemae; financialcrisis; flipthishouse; frank; fraud; godschildren; godskidsmyass; housingbubble; hud; identitytheft; illegalalieninvasion; immigrantlist; kfyi; mcamnesty; mcbailout; mcbama; mccainsfolly; mccaintruthfile; mcqueeg; mortgagefraud; noamnestyforillegals; rino; subprime; votefraud; voterfraud
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To: Sherman Logan
But we don’t have an illegal problem. /sarc
21
posted on
10/07/2008 7:16:13 PM PDT
by
K-oneTexas
(I'm not a judge and there ain't enough of me to be a jury. (Zell Miller, A National Party No More))
To: HollyButler
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.
To: ConservativeMind
Not all of them own houses.
23
posted on
10/07/2008 7:23:45 PM PDT
by
GOPJ
(If Sarah had been friends with Timothy McVeigh, would the MSM give her an "Ayers pass"?)
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?
To: Sherman Logan
To: GOPJ
That’s what makes the number all the more scary.
26
posted on
10/07/2008 7:33:37 PM PDT
by
ConservativeMind
(The LA Times, 10/6/08, was told to cut "75 editorial positions." How many are needed for 2 pages?)
To: HollyButler; MaggieCarta; jddqr; indylindy; roamer_1; calcowgirl; djsherin; Sunnyflorida; ...
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! |
|
The Juan McCain Truth File. "I have great respect for Al Gore." John McCain, October 2, 2008 FR Keywords: mccaintruthfile, mcqueeg, mcbama Please tag all relevant threads with the aforementioned keywords. This can be a very high-volume ping list at times. To join the ping list: FReepmail rabscuttle385 with the subject line add mccaintruthfile. (Stop getting pings by sending the subject line drop mccaintruthfile.) Republican Commissars Warning: By joining this ping list, you may be subjected to the delusional rants and ramblings of McCainiacs, of "moderate" Republicans, of pragmatic conservatives resigned to voting for the lesser of two Democrats, and of countless GOP shills who simply want to meet a new overlord. Per FR posting rules, please be civil and polite in your comings and goings. |
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27
posted on
10/07/2008 7:33:58 PM PDT
by
rabscuttle385
(Baldwin/Castle 2008 - Gilmore for Senator from Virginia 2008)
To: Americanwolfsbrother
You are smoking crack if you think there are only 20 million IAs in this country.
To: stboz; HollyButler
Mortgage payment?! We don't make no steenkin' payments...we're "God's children"!
29
posted on
10/07/2008 7:42:44 PM PDT
by
rabscuttle385
(Baldwin/Castle 2008 - Gilmore for Senator from Virginia 2008)
To: freeplancer
30
posted on
10/07/2008 7:42:52 PM PDT
by
television is just wrong
(The Democrats have lost cabin pressure and the oxygen masks have dropped.)
To: HollyButler
That’s a bunch of mortgages!
I wonder if McCain would buy those up along with the rest he promised to buy.
Insanity reigns!
31
posted on
10/07/2008 7:43:26 PM PDT
by
KoRn
("Change": Come Help A Nitwit Get Elected)
To: HollyButler
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!
To: HollyButler
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.
33
posted on
10/07/2008 7:45:45 PM PDT
by
Bullish
( Reality is the best cure for delusion.)
To: HollyButler
34
posted on
10/07/2008 7:46:27 PM PDT
by
MurrietaMadman
(Secure the workplace...Stop the inflation)
To: ConservativeMind
You really think there are only 10 million illegals? Hell, that's just the number of anchor babies born in Dallas last year. :(
35
posted on
10/07/2008 7:48:33 PM PDT
by
rvoitier
(Democrat--gateway ideology to Communism / It's the Revolution, Stupid!)
To: HollyButler
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.
36
posted on
10/07/2008 7:59:14 PM PDT
by
Iron Munro
(Suppose you were an idiot, and suppose you were a member of Congress; but I repeat myself)
To: HollyButler
37
posted on
10/07/2008 7:59:53 PM PDT
by
ought-six
( Multiculturalism is national suicide, and political correctness is the cyanide capsule.)
To: HollyButler; Pride in the USA; Stillwaters
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.
38
posted on
10/07/2008 8:01:39 PM PDT
by
lonevoice
(John McCain was a Kinoki foot pad in the Reagan Revolution)
To: muawiyah
“Queen Elizabeth still owns thosands of residential properties in the United States.”
Queen Elizabeth is worth billions. She doesn’t need mortgages.
39
posted on
10/07/2008 8:02:49 PM PDT
by
ought-six
( Multiculturalism is national suicide, and political correctness is the cyanide capsule.)
Comment #40 Removed by Moderator
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