ive million fraudulent home mortgages are in the hands of illegal aliens.

Five million fraudulent home mortgages are in the hands of illegal aliens

The U.S. Department of Housing and Urban Development reports that five million fraudulent home mortgages are in the hands of illegal aliens. As of right now, it is not known how many of these mortgages have contributed to the subprime mortgage meltdown.

But here’s some history to consider. We know for a fact that there are states out there, like California, that knowingly allow illegal immigrants to buy homes. Guess who you can thank for that aiding that little scheme? ACORN. Yes, ACORN, you know, Barack Obama’s community organizing committee. Take a look at this story from November of 2005. Here’s how it begins: “For many, it’s the American dream: owning a home. With the recent spike in housing costs, it’s become more difficult for many Valley families to qualify for a home loan. But some local banks are giving out loans, and they don’t even require a social security number.”

Amazing! No social security number was required! The article tells a story about David the illegal immigrant. When David, a criminal, wanted to get a home, who did he go to for help? ACORN. The article says, “The Valley non-profit group ACORN is helping people like David. They set him up with Citibank in Fresno, where a social security number is not required.”

Back in 2005, it was estimated that there were 250,000 illegal immigrants in the US who make enough money to be eligible for a home loan. Now HUD is estimating that there are 20 times that amount who currently have mortgages? Those 250,000 were estimated to be worth about $60 billion in potential mortgages. If there are 5 million illegal aliens currently holding fraudulent mortgages, imagine how many billions we are talking.

Bookmark and Share