Five Million Fraudulent Mortgages Held by Illegals

**FUZO** · 10-09-2008, 05:09 PM

Five Million Fraudulent Mortgages Held by Illegals And this is why we can't have nice things

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And today's sign of the impending Apocalypse!

Get your mortgage for nothing and your house for free!

Quote:
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.

**BABY1** · 10-10-2008, 06:19 AM

This amazes me. We all know firsthand what we have to do to get a mortgage and the kind of info we have to provide. How do they do this and get away with it. this has to be a big contributor to the crisis we are now in.

**Scalleywag** · 10-10-2008, 06:27 AM

You know just for once I'd like to hear the candidates asked about stuff like this in the debates. Out of more than 8000 questions submitted Tom Brokaw picked the 12 questions that we have already heard them address at length. There was nothing new in that debate.

I'd like to hear how they would address issues like this. I'd like to hear about their questionable relationships instead of reading a statement from their advisors. I'd like to know who they are fundamentally, not who their advisors tell them to be.