[muawiyah]

The maximum hit would be under $100,000,000,000 if illegal aliens had bought up every bottom end home in the country ~ and to do that to get through the first few payments (before defaulting) they'd had to have given up sending money down home.

They'd also have to stop eating.

[NewRomeTacitus]

You ARE taking into account illegals propensity toward using stolen or made up identification, producing a few documents proving they paid some bills under that alias and landing in the office of a lending institution under pressure to make those loans? The nod, nod, wink, wink just sign here.

I was wrong about the “half of” - just wondered if you could acknowledge the quarter cited here.

[supercat]

The maximum hit would be under $100,000,000,000 if illegal aliens had bought up every bottom end home in the country ~ and to do that to get through the first few payments (before defaulting) they'd had to have given up sending money down home.

During the last year of the housing fraud bubble, there were ads touting 110% LTV mortgages on very expensive homes, available to almost anyone. The median dodgy mortgage is probably pretty small, but the average could have been pushed pretty high by those outright fraudulent mortgages which are probably worth less than $0.25 on the dollar and may, once the occupants are done with the property, be worth less than $0.01 on the dollar.