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Thursday, October 09, 2008

5 Million Fraudulent Mortgages Held By Illegals

I'm just so sick of seeing article after article of how illegals are sucking the life out of this country. Between tax dollars spent, fraud & other criminal activity, and their imposition in the job market they are sucking the life out of this country. I pray for the day each and every one of them are sent back, dead or alive.

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 subprime 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.

I would like to know who the geniuses were that forced banks to give mortgages without a social security number or any identification? I know the answer, it begins with a D and ends with emocrats.