If the government, to be included in the housing crisis debt …..?

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by getting rid of illegals? the illegal loans where the property continuously until 2007. The economy is partly to blame, but this report was published the same year joined the immigration laws in force. We can blame the government for inclusion in foreclosed homes Http: / / rismedia.com/wp/2007-10-12/home-loans-to-illegal-immigrants-sturdy-but-show-some-cracks / Home Loans, illegal immigrants SturdyRISMEDIA October 15, 2007 Despite the slowdown in the mortgage market has a way of loans remained very strong: an extension to illegal Einwanderer.Nun is whether these loans to continue to stand. A number of factors – including a possible government crackdown on illegal workers and a slowdown in employment opportunities for undocumented workers – threatening to pay to maintain the ability of these borrowers. “Our value close to zero the standard” And there are signs of a slowdown as some lenders have interest rates that triggered it for free because of the recent chaos in credit markets. “Said Scott Hastings, director of marketing for Citizens Home Loan Inc.., A Charlotte, NC-based lender operating in 33 states. The bank has been originating ITIN mortgages for almost two years and loans now represent about 20% of the mortgage institution. “The market is quite promising. These Hispanic families to pay their mortgage before anything else.” Has one of 120 houses funded by Mitchell Bank in Milwaukee, a pioneer ITIN mortgages, in foreclosure in the past seven years. But, “if these immigrants began to lose their jobs, they may have difficulty repaying their loans,” said James Mahoney, Chairman Bank of Mitchell. “It would seriously hurt the bank.” Warren T is true, but most of those who fell on their loans are in default, the greedy American citizens, that precisely the largest house in the neighborhood have. This question was about illegal’s immigrants who credits konstant . Trader G operation, I know who gives the loan, but the government more than people who pay their loans on time had to discard.

10 Comments
  1. Reply
    Warren T
    May 1, 2011 at 6:33 am

    ABSOLUTELY, THE DEMOCRATS PUSHED FREDDIE MAC AND FANNIE MAE TO BACK LOANS TO PEOPLE WHO COULD NOT MAKE THE PAYMENTS.

  2. Reply
    ALunaticFriend
    May 1, 2011 at 6:39 am

    the low income dangerous finances put us here started by Clinton Paraded by Barny Frank. Also middle class in debt. If the middle class had no credit card debit we would be a finacially healthier nation.

  3. Reply
    Trader G
    May 1, 2011 at 6:58 am

    The banks are to blame for foreclosures, they are the ones who are responsible for creative financing. Neither the government nor the illegals made the choice to grant the loans; that choice was made by the finance companies. They were not under the gun to grant loans.

  4. Reply
    Game Over03
    May 1, 2011 at 7:36 am

    yes the government is guilty because they could had allowed those undocumented to stay when they were suppose to vote for the comprehensible immigration plan , of course as trader G mentioned the banks are not free of guilt and i am pretty sure than those undocumented which were deported and were part of that problem were probably just a small percentage when it came to the housing crisis . but then again if the government had passed a comprehensible immigration reform already u can bet than the number of people who could actually buy and pay for a house would increase , is just a matter of adding others who could buy into the market ratter than wasting money looking for them .

    i just would like to ask to anyone who doesn;t think than what i say has logic :

    how in the world can the housing market benefit when the government kicks someone out which could continue his payments !? .. thats just not posible , of course the immigrants being deported are nto the main cause , still the current immigration policies do not help at all .

  5. Reply
    ♥♥Cheelicious♥♥♥
    May 1, 2011 at 8:28 am

    The lenders and the borrowers are to blame. The lenders for poisonous loans, and the buyers for spending beyond their means. The government is responsible for the shameful bailout. It is amnesty for lenders and their illegal, irresponsible acts. It is a slap in the face for the millions who save and spend responsibly.

  6. Reply
    Dirty Martini
    May 1, 2011 at 8:35 am

    No, your premise is again faulty.

    The illegals really have nothing to do with the housing situation.

    Except for the extent their shoddy work led to yet further devaluation of the houses they built.

    See…..I dont blame everything on illegals. Please make note.

  7. Reply
    jeanjoyce@rocketmail.com
    May 1, 2011 at 9:25 am

    It’s called predatory lending. Illegals think when they come here they’re going to get handed everything. So when they get handed a house they don’t think about how the hell they’re going to pay for it down the road. They foreclose all the time where I live. This is just one of myriad ways they affect our economy.

  8. Reply
    sasori
    May 1, 2011 at 9:34 am

    You know they are. So are the lenders for approving the loans.
    BUT the borrower has to be held responsible as well. Just because someone offers me a credit card with a $ 25,000 limit doesn’t mean I have to accept it. These people should have been asking them selves whether they could afford the loans.
    Most of these loan will have a balloon payment due appx. 5 years from date of origination. Lets see how many illegals hold on then, hmmm.
    But the most important fact, which you want to over look, is that these people are here illegally. They know it. The lender knows it. For them to even consider agreeing to something of a 30 year duration is assine. They and the lender knew they could be deported at any time.
    Or maybe they are depending on their anchor babies to keep them here?

  9. Reply
    kikoman
    May 1, 2011 at 9:44 am

    I believe the Republican Government is responsible for the Melt down.
    One reason is deporting homeowners with mortgages ,that are then defaulted.

    By starting two wars and not cutting spending or raising taxes .

    $ 1 trillion tax break to the wealthy.

    For borrowing $ 2 billion a day for 3 years to finance the wars.

    By doubling the National Debt in 8 years from $ 5 trillion, to $ 10 trillion .

    The melt Down was caused by GREEDY Wall Street bankers. Who engaged in Predatory Lending and bank fraud.

    CNN has been running “A 10 most wanted list of those responsible for the melt down”.
    The 1st was Richard Fuld CEO that fleeced a $ 87 million Pay package from Lehman Bro. investors.
    Lloyd Blankfien CEO of Goldman Sach Group Inc. the highest paid CEO on Wall Street.
    Tune into CNN and see for yourself.

    The Republican deregulation and Government lack of over sight of the Banking Industry are to blame.

    Not to mention Deficit spending for 8 years.

  10. Reply
    Docar
    May 1, 2011 at 10:22 am

    Now it’s the governments fault! What about the police? They arrested criminals and deported them or sent them to jail! They should of left those murderers, rapists, child molesters, illegal aliens, etc. on the street so they could pay their mortgages! Any more brilliant ideas?

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