HUD: Five Million Fraudulent Mortgages Held by Illegals

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.

http://kfyi.com/pages/local_news.html?feed=118695&article=4364653

Okay, who caused this problem? Let me guess . . . CRA.

But...but, The One said it was a good idea.

X-Dem wrote:But...but, The One said it was a good idea.

He sued to make it happen he thought it was such a great idea.

WA State Voter wrote:

X-Dem wrote:But...but, The One said it was a good idea.

He sued to make it happen he thought it was such a great idea.

Yep, same weapon that the Council on American-Islamic Relations (C.A.I.R) uses. hmmm