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March 16, 2005

Four Bedroom House With $3000 Down? Banks Happy to Lend to Illegal Aliens

Newhouse News covers the new trend of Banks knowingly giving mortgages to illegal aliens. "Nationwide, increasing numbers of financial institutions offer such loans. They view customers like the Timals as part of their communities, not to mention a critical business opportunity. Just among the nation's roughly 6 million undocumented Latinos is a potential $44 billion market for homes, according to the National Association of Hispanic Real Estate Professionals," according to Newhouse. "It is a threat to national security and public safety and is morally bankrupt," said FAIR president Dan Stein. "It breeds ultimate contempt for laws." Stein said that banks "ought to be part of the solution in insuring that people who apply for mortgages and conduct other business are here legally. They went down the road of making a fast buck in a way that is frankly, in our view, inconsistent with the spirit of patriotism and federal law." (Also see: Illegal Aliens Use Fake ID's to Get FHA Loans, Guaranteed by the Taxpayer)

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Comments

We should walk in those Banks and kick some a**es.
These people are Traitors

Posted by: critter0712 on March 16, 2005 12:31 PM

A 4 bedroom house, for people working jobs "no American will do?" I'm tired of hearing about the so-called exploited illegals. When American citizens can't even buy a home, are losing jobs and seeing wages take a dump, I am livid when I hear stories like this!

Posted by: takn on March 16, 2005 11:32 PM

Wells Fargo and Bank of America are two of the biggest culprits. In fact if you're an illegal Mexican immigrant those banks offer free or reduced fee services as long as you have the phony Matricula Consular i.d. that is given out freely by the Mexican consulates to illegal Mexican immigrants.
You, or I or our children have to show more identification to get a library card or sign up for a health club than the illegal immigrants do to get mortgages or open accounts with these banks.

Boycott these banks! Call them up and voice your protest.

Posted by: m.davies on November 22, 2005 06:47 AM