Illegals Hold 5 Million Fraudulent Mortgages

Judicial Watch:
A seldom-reported fact that has greatly contributed to the nation's financial crisis is that millions of illegal immigrants across the U.S. have fraudulent home mortgages and many have defaulted. The illegal aliens obtained the loans from banks that were pressured by the government to offer them. In fact, the agency in charge of preserving and promoting public confidence in the nation's financial system, the Federal Deposit Insurance Corporation (FDIC), began pushing banks to offer services to illegal immigrants a few years ago.

Posted by Editor at October 13, 2008 04:22 AM