Exclusive: How Many Subprime Mortgages Were Awarded to Illegal Aliens?

familysecuritymatters ^ | 12/16/08 | Michael Cutler

[Sammy67]

This short news report might have been a bit longer if it had been written a couple of weeks later than it was. This story is dated September 5th and deals with one of the key issues about immigration that virtually no one is willing to talk about - especially politicians and others who subscribe to the open borders philosophy and to the idea of providing the millions of illegal aliens who are in our country with a Guest Worker Amnesty Program and a "Pathway to United States Citizenship." It deals with illegal aliens using stolen Social Security numbers and false immigration documents to apply for a home loan.

The challenges confronting our nation in dealing with the millions of illegal aliens who are in our country are numerous and significant. In my opinion, the most daunting challenge, and one that is fraught with national security implications, deals with accurately identifying millions of illegal aliens who have no reliable way of proving their identities. Our officials cannot be certain as to the true names of these millions of people. There is no way of determining their true nationality. There is no way of knowing when, where or how they entered the United States. Therefore, there is no way of truly knowing if they are wanted for crimes in other countries. There is also no

[texmexis best]

According to HUD, more than half were illegals.

[angkor]

>>>>Now, with this economy, all those jobs that the illegals are doing that Americans wont do mentality may have to be rethought.<<<<<

Interesting update on the 5 million mortgages. It would be good to find that article. Do recall anything else about it?

On the other hand I must take exception to your point about “jobs that Americans won’t do”.

Run the numbers using any index you like (CPI, Average Wage Rate, inflation indices) and you will find that illegals have REDUCED THE WAGES for unskilled labor jobs in the U.S. by 40 TO 60 PERCENT SINCE 1980.

25 years ago the unskilled and semi-skilled labor pool was filled by Americans, and many supported families from those jobs.

[dirtymac]

I believe the issue of mortgages to illegal aliens was on radio news. I do not recall whether it was CBS or others. I listen to XM radio with Fox News but the half hours news is sometimes another corp.

My point about jobs that Americans wont do is exactly your point. Americans will do those jobs, have been doing those, and with the employment picture, are anxious for those jobs.