[radar101]

Voting immigration with your pocketbook= Selling your country for CASH

[CrawDaddyCA]

Aiding and abetting illegal activity, and openly saying so.

Where is the justice in this country?

[D.P.Roberts]

Translation: "The hole Middle America has dug for itself isn't deep enough and we want to bring in 'guest workers' to help dig."

[spectre]

With this..the house down the street from me can be sold to an "immigrant" aka ILLEGAL, so we can expect a family of 20 or so to move in?..

There goes the neighborhood and my investment.

sw

[kinoxi]

In Fresno, the housing advocate ACORN Housing Corp. helps clients secure loans by writing alternative credit profiles, which often draw on of months of data from telephone bills and employment records, said Lydia Lopez, the group's local manager. Once ACORN vets the client's financial stability,they send them to Citibank, which finances the home loans.

ACORN , I could be mistaken but aren't they the ones who registered Mick E Mouse to vote?

[Jim Noble]

The slumping housing market could get a $200 billion boost from new immigrant home buyers if mainstream lenders start using alternative methods to score credit

I have a better idea.

Just let homebuyers use imaginary money!

Then prices will really soar!

What an economy THAT will be!

[longtermmemmory]

seems we need laws to say you must be LEGALLY in the USA to buy in this country.

How about selling to an illegal means you have no recourse to enforce collection. (ala illegal gambling debt)

[WideGlide]

the disposable income of Hispanics will exceed $1.08 trillion

That doesn't leave much after much after the projected spending of $1.0 trillion on Low-Rider automobile modifications and Pupusas. (:^*)

[eastforker]

Here in Texas many builders are financing their new homes with no money down.

[twinzmommy]

But what happens to the loan when/if they are deported?

[sergeantdave]

The story says nothing about ILLEGAL immigrants.

Immigrants who own homes are strong supporters of property rights. Most home owners support individual rights in property and don't give money to eco-fascists at the Sierra Club.

Owners of property vote conservative. Renters in big cities vote rat.

[Clemenza]

What a bunch of scumbags.

Provide easy credit to folks who eventually can't take on the payments (and the high interest rates). The realtors make a killing, while the creditors call for a bailout or "loan guarantees."

Judging from what I have seen happen to folks who get HUD loans, this would only make a bad problem worse.

[Psycho_Bunny]

I'm not surprised. Citibank is a POS company.

[cbkaty]

housing advocate ACORN Housing Corp. helps clients secure loans by writing alternative credit profiles

That's all I need to know...ACORN.....aren't they involved with the 35,000 fraudulent ballots in Missouri...and so far that's all they're suspected of?

[montag813]

This sounds great! I am going to take Spanish lessons, go to Mexico and come back as Montago Diaz. Gimme a house!

[RegulatorCountry]

"ACORN"

Where ever and whenever you see this acronym, fraud will soon follow.

[Bernard]

If this is mostly for illegal Hispanics, the concerned citizens should recruit banks from Mexico to finance the mortgages. That way, the money that illegals send back to Mexico can be returned to the United States instead of lining some Mexican politician's pocket.

[DumpsterDiver]

ping

[MarkL]

If I remember correctly, falsifying information on a loan application is a criminal act... But then, what's the big deal if the person applying for a loan is already committing a crime by being here illegally?

I'm just at a complete loss for words, and I'm getting disgusted with the whole thing. Why should ANYONE be expected to follow laws, when we repeatedly see how law breakers are treated... They're given breaks on tuition, given subsidies for food, housing, and medical care, and now, given preferntial treatment in buying property?!?!?!

UN-F*****G-BELIEVABLE!!!!

Mark

[gubamyster]

ping