GreasyTony asked:
Illegal immigrants turned out to be a very good mortgage risk….well, up until the Government started deporting them in 2007. Illegal immigrants buy house they can afford, and houses to raise their families in, not to turn around and make a quick buck or just to ‘keep up with the Jone’s’ like many Americans did that got us in this mess.
Illegal immigrants turned out to be a very good mortgage risk….well, up until the Government started deporting them in 2007. Illegal immigrants buy house they can afford, and houses to raise their families in, not to turn around and make a quick buck or just to ‘keep up with the Jone’s’ like many Americans did that got us in this mess.
So does anybody out there have the numbers of loans that have defaulted because of the immigration crackdown? Why would people push to have these people deported when they are working hard to make ends meet, while paying their bills and helping out the US?
http://rismedia.com/2007-10-12/home-loans-to-illegal-immigrants-sturdy-but-show-some-cracks/
Home Loans to Illegal Immigrants Sturdy
http://www.oliverwillis.com/2007/10/11/illegal-immigrants-turn-out-to-be-good-mortgage-risks/
Illegal Immigrants Turn Out To Be Good Mortgage Risks
kungfud2, you are wrong! They were able to get loans with ‘ individual taxpayer identification numbers, or ITINs.’
HERBERT