Read than 5 million bad mortgages were illegal aliens, how could it be?

Deal Score0

How could the people’s representatives to let go. Did they not watch over the site of the committees and things like that.

12 Comments
  1. Reply
    Cigar that Bill Clinton Sniffs
    May 2, 2011 at 2:22 am

    PElosi, Waters, and the Sanchez sisters of CALIF taking care of hispanics at the expense of whites and other Americans.

  2. Reply
    Snakes Bite, Just What They Do
    May 2, 2011 at 2:35 am

    What liberals do ,

    Wanna know what snakes do

  3. Reply
    Often imitated, NEVER duplicated
    May 2, 2011 at 3:23 am

    democrats look at illegal aliens as potential voters

    republicans look at illegal aliens as cheap labor.

    US taxpayers get screwed by our own politicians.

  4. Reply
    Panda
    May 2, 2011 at 4:02 am

    It didn’t happen . . the claims are false. Just another example of the far right spreading false rumors and lies hoping to upset people . . . please always check your facts. If you are only getting stories from one source and it is right leaning . .than be very suspicious as most provide no factual evidence.

    HUD cries foul over illegal immigrant mortgage data
    http://phoenix.bizjournals.com/phoenix/stories/2008/10/06/daily54.html

    “The U.S. Department of Housing & Urban Development says there is no basis to news reports that more than 5 million bad mortgages are held by illegal immigrants.

    A HUD spokesman said Thursday his agency has no data showing the number of illegal immigrants holding foreclosed or bad mortgages.”

  5. Reply
    Iviolare S
    May 2, 2011 at 4:50 am

    Democrats Demanded that Banks lend to illegals.

    Thanks Dem’s another to your score card.

    http://www.amren.com/mtnews/archives/2006/01/illinois_governor_creates_mort.php

    Panda: why are you such a liar.

    Illinois Gov. Rod Blagojevich (D) has used his executive powers to create a state-backed low-interest mortgage loan program for persons with little or no credit history, including illegal aliens.

    The Opportunity I-Loans, as they are called, have a below-market interest rate (currently 5.95 percent) for a 30-year fixed-rate mortgage. The interest rate will vary but will always be at least half a point below market interest rates. A slightly higher interest rate is also available for homebuyers who receive $ 1,000 in downpayment assistance through the program.

    The move generated praise from some groups and criticism from others, including denunciations from all four candidates for the Republican nomination for governor.

    “People who are working hard, paying their taxes, are of good moral character … regardless of their immigration status, they, too, should be able to share in the American dream,” U.S. Rep. Luis Gutierrez (D-IL) told reporters at a December 11 service at New Zion Baptist Church in Chicago, where Blagojevich announced the program.

    “Buying a home is a key first step for many working families to start realizing the American Dream,” Blagojevich said in a statement. “But when you are paid in cash, or you can’t open a checking account or establish a credit history, applying for a mortgage loan is a lot more difficult. That’s why we created the Opportunity I-Loan program to help Latino families, African-American families, Asian-American families, and so many other families qualify for a loan and buy a home.”

    Chardok: Just for you:

    It’s no coincidence that most of the areas hit hardest by the foreclosure wave – Loudoun County, Va., California’s Inland Empire, Stockton and San Joaquin Valley, and Las Vegas and Phoenix, for starters – also happen to be some of the nation’s largest illegal alien sanctuaries. Half of the mortgages to Hispanics are subprime (the accursed species of loan to borrowers with the shadiest credit histories). A quarter of all those subprime loans are in default and foreclosure.

    Regional reports across the country have decried the subprime meltdown’s impact on illegal immigrant “victims.” A July report showed that in 7 of the 10 metro areas with the highest foreclosure rates, Hispanics represented at least one-third of the population; in two of those areas – Merced and Salinas-Monterey, Calif. – Hispanics comprised half the population…

    http://www.washingtontimes.com/news/2008/sep/28/illegal-immigrant-factor/

    It was a typical new-homeowner scene with one exception: Ramiro and Marisol, who asked that their last name not be used, are undocumented immigrants from Mexico. They’ve been in the country for four years. Marisol entered on a tourist visa. Ramiro hid in a car.

    Their immigration status did not prevent them from buying a home. It is legal for undocumented people to purchase property in the United States.

    The problem has been borrowing the money to pay for it. Ramiro and Marisol have stable jobs, but many undocumented people have spotty or nonexistent credit histories. Often, they’ve worked off the books. That’s two big strikes against getting a mortgage.

    http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2006/06/15/MNGRMJEGM81.DTL

    Democrats are lying scum

  6. Reply
    Jordan A
    May 2, 2011 at 5:16 am

    Even though illegals aren’t part of our community, the Community Reinvestment Act under Clinton wanted everybody in this country in a home.

  7. Reply
    2009sux2!
    May 2, 2011 at 5:38 am

    If they happened to have fake social security numbers or phony documents,why not.

  8. Reply
    Angela Q
    May 2, 2011 at 5:41 am

    Yes, indeed, how could it be? Lenders must not have been doing their jobs verifying the eligibility of potential borrowers.

    Perhaps the deregulatory atmosphere in the country meant that necessary regulations were not enacted and existing ones were not enforced, as well.

    I see now it was a faked story.

  9. Reply
    chardok1
    May 2, 2011 at 6:05 am

    Iviolare S – that article is so worthless and completely out of context. You could take the word “Illegal Alien” out of there and replace it with so many other words and it would still be completely correct.

    Child molesters would work
    Murderers
    wife-beaters
    drug addicts
    prostitutes

    Every one of those does not alter the amount of information in that article, yet, somehow, when you attach “Illegal Alien” in there it makes it a Deus Ex Machina against TEH ZOMG LIEberalz

  10. Reply
    irishmom91562
    May 2, 2011 at 6:50 am

    Cigar and Snakes are correct. These loans were called “foreign national” loans and required very little by way of documentation, most notably skirting around citizenship or even legal presence requirements. You can say it was the “don’t ask, don’t tell” of mortgage lending. Much like the minority sector who went “stated” on their loan apps, using their monthly welfare check, their ONLY source of income (exaggerated a bit, of course), how the banks expected people like this to do anything BUT default, is beyond me. These people had very little, if any equity in the homes. That’s why they didn’t get a FIRST job let alone a second one, when the initial rate adjusted upward. Instead they “let” the bank take the house back. Having their credit shot to hell didn’t bother these people, since they don’t have the same ethical standards as those who are current on their mortgage do.

    “Low class is, as low class does.” The Dems like Pelosi and Feinstein thought this would be a nifty feather in their cap for the lower socioeconomic class that makes up the party base, but instead it was a MAJOR BACKFIRE.

  11. Reply
    rogue
    May 2, 2011 at 7:36 am

    It is all about making a buck,it is the American way.Those lenders do not give a care about who you are if you are working you got credit period.Watch TV and these car commercials it is the same for mortgage lenders.

  12. Reply
    andypanda
    May 2, 2011 at 7:38 am

    Your first answer says it all!!! its all about the DC dummies, and what they can get, Greed Greed Greed, that’s all it is, and we all know p’lousy, wants all those votes, looks like it backfired on her really well, let her support all those illegal people, she is really loaded, let her give up her huge vineyard in Calif, and let her!! take care of them all not me and you!!!

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