Posted on 03/15/2021 3:52:26 PM PDT by george76
Dreamers” will have an easier time receiving home loans from the Biden administration. According to James Fulford of VDARE, the “Dreamers” — illegal aliens whose illegal parents allegedly brought them stateside when they were children — will now be eligible for home loan applications thanks to a change in FHA policy that was brought about right before President Joe Biden took office.
Juan Carlos Chavez of The Tampa Bay Times noted that the sudden shift in policy “reflects a contrast in approaches toward immigration by the Biden and Trump administrations.”
The previous Trump administration did make genuine efforts to restrict immigration and get rid of DACA. Chavez noted that “Dreamers did not qualify for home loans because of how the FHA interpreted a 2003 passage from its Single Family Housing Handbook: “Non-US citizens without lawful residence in the United States are not eligible for FHA-insured mortgages.””
But with Biden at the helm FHA policy has changed significantly, which Chavez outlined:
Now, the agency takes a different view of “lawful residency,” saying on its latest forms that the handbook “did not anticipate a situation in which a borrower might not have entered the country legally, but nevertheless be considered lawfully present.”
The federal government backs FHA mortgages, which makes it easier for middle-class and lower-income people to acquire a home. Because of the government guarantee, banks and financial institutions are much more keen on extending FHA loans to families who have lower credit scores or who make smaller down payments, which go as low as 3.5%.
Ultimately DACA needs to be scrapped. Because as long as its exists, bureaucrats at the FHA will always find ways to use taxpayer dollars to advance their social engineering projects. That’s what happens when you have open border policies coupled with programs financed by other people’s money.
The Trump administration sadly did not repeal this program, but Trump himself should make it a key part of his re-election campaign to end this program. In addition, his campaign should concurrently push candidates at the congressional level who vow to eliminate DACA and clamp down on all forms of immigration for that matter.
Those who care about preserving U.S. republican institutions and a functional social order should not shy away from immigration patriotism whatsoever. The current crisis festering on our border serves as a reminder why the immigration question isn’t going away and must be addressed.
If the GOP doesn’t want to get electorally trounced by demographics, it should actually start promoting candidates who are interested in undertaking legislative efforts to address the matter. Independent of that, the America First faction of the GOP must continue pressing hard on immigration, to the point where immigration restriction becomes a normal part of Republican discourse and legislative agendas.
We have always been able to lend to visa holders who have a legal status here.
Meanwhile the CT legislature is debating raising taxes to in part fund this:
“Another provision calls for allowing undocumented workers to receive the state earned income tax credit, which is open to those who qualify for the federal credit.”
Sounds good, but it was the Republicans who did it to us. See my FR home page for details. (Ol' Dan Tucker)
George W. Bush started right after he was elected in 2000.
On February 16, 2001, just 3 weeks after his inauguration, President George W. Bush met with Mexican President Vicente Fox to discuss the terms of the Partnership for Prosperity Agreement (with Mexico)
The Partner for Prosperity Agreement (with Mexico) signed on September 6, 2001.
Bush signed the USA PATRIOT Act into law that changed banking laws to allow illegal aliens to enter our banking market. Prior to this, illegals could not because they didn't have a US Social Security number. Afterward, they could open bank accounts, get home, auto & business loans, get credit cards, etc.
In June 2002, he called on Fannie Mae and Freddie Mac to increase commitments to the 'minority' market by $440 billion.
He also called upon Congress to fully fund the American Dream Down Payment Act, which he signed into law in 2004. (sponsored by Republicans)
In May 2003, he formed the New Alliance Task Force. (NATF)
By 2007/2008 the real estate bubble burst leaving the US taxpayer to pick up the tab for Duhbya's largess.
In 2003 Bush also signed the US Social Security Totalization Agreement (with Mexico). Under the terms of the agreement, Mexican illegal aliens would be able to apply for, and receive US SS payments for the time they were here illegally. A US citizen has to work 40 quarters (10 years) before they're eligible to apply. In contrast, the illegal alien could apply for, and receive benefits after having worked only 6 quarters. (18 months)
Not only that, but the Mexican illegal alien could apply for, and receive US SS benefits for their family back home in Mexico, even if the family have never stepped foot in the USA.
Thank you for the reminder of my racial privilege, I almost forgot, silly me.
Good post—the Uniparty has been f*&^ing over hard working American citizens for decades.
The Bidet urine soaked vegetable administration is just a continuation of business as usual.
So, it’s kinda like the GI Bill, except ya’ don’t have to serve your country. Heck, ya’ don’t even have to be a citizen.
Bkmk
In the run up during the last housing boom, I bought a few houses from defaulting owners with “suspicious” federally backed loans. Using straw borrower/buyers to get a foreign natioal a house is pretty common here in LA [Yes, it’s fraud, but no one cares]. In every case the non-citizen bought WAY MORE house than they could afford, I got the property, and made a tidy profit.
So while I’m politically and philosophically opposed to this type of give-away, I can see profits in the future!
This doesn’t surprise me!
For those with white privilege—you get to pay your mortgage and the illegals’ too! Aren’t you happy? Isn’t it great that white privilege?
Been paying that bank note come hell or highwater while our governor shuts my business down, pawning stuff, selling toys..
I am really a damn fool at this point.
“The Republic is finished. There really is no turning back for what is facing us.”
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There CAN BE a ‘turning back’ but it’s up to us...
If we humble ourselves before God, and repent in sincerity, and call out to Christ to renew our hearts, He will heal our land.
Yes I know, most really DON’T want God ‘telling me what to do.’
OK then, we must live with what’s coming. But know that God WILL keep His word to ‘heal our land’ if we’re willing to trust Him. John 3:16
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Oh goodie! The subprime mortgage economic collapse redux coming.
Oh great - another housing bubble.
Just what we need.
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