5 Million fraudulent mortgages by Illegal aliens in US

Thursday, October 9, 2008

HUD Confirms: 5 million Illegal aliens hold Fraudulent mortgages in U.S.

HUD confirms: 5 million illegal aliens in U.S. hold fraudulent mortgages This picture is from Cornelius Oregon; yet another town invaded by illegal aliens from Mexico and Honduras. Daniel, from Daniel is Right blog, took the picture .

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Sub-Prime Home Loans to illegal aliens is what started the economic down slide. ID theft and job theft by those Nice Mexican Families..yet the Senate refuses to Pass Everify for another five years………
HUD: Five Million Fraudulent Mortgages Held by Illegals (MSM Silence is Deafening)KFYI – Phoenix, AZ 10-8-08 KFYI
Posted on Wednesday, October 08, 2008 9:43:32 PM by wac3rd
One illegal alien was arrested this year in Tucson after allegedly using a stolen social security number to buy two homes and rack up over $780,000 in bad debt.
Some five million fraudulent home mortgages are in the hands of illegal aliens, according to the U.S. Department of Housing and Urban Development.
It’s not known how many of those have contributed to the sub-prime housing mortgage meltdown, but it has affected every state, including Arizona.
The problem began years ago when banks were forced to give mortgages without confirming social security numbers or borrower identification. As a result, illegal immigrants were able to obtain home mortgages which they could not afford.
One illegal alien was arrested this year in Tucson after allegedly using a stolen social security number to buy two homes and rack up over $780,000 in bad debt.

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