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HUD: Five Million Fraudulent Mortgages Held by ILLEGALS!

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William Hyde
(@william-hyde)
Posts: 757
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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.
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.

http://64.233.169.104/search?q=cache:N_j55O69X2MJ:kfyi.com/pages/local_news.html%3Ffeed%3D118695%26article%3D4364653+FIVE+MILLION+FRAUDULENT+MORTGAGES&hl=en&ct=clnk&cd=1&gl=us&client=firefox-a

[color="Blue"]Both McCain and Obama are on-record as against the border fence and Pro-Illegal Alien:
here's a related story where Barack Obama says Americans should make sure their kids learn spanish:

Video Link:

[ame="http://www.metacafe.com/watch/1552685/barack_obama_wants_your_child_to_speak_spanish/"]Barack Obama Wants Your Child to Speak Spanish. - Video[/ame]

[color="Magenta"]In another related story here's information on McCain's Record of rewarding illegal aliens:

http://www.freerepublic.com/focus/f-news/1960748/posts


[color="DarkRed"]“We’re the slaves of the phony leaders - Breathe the air we have blown you!”

 
Posted : 10/10/2008 4:58 am
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