Mortgage defaults
Illegal immigrants don't default on mortgages?
Oct 9th 2007
by Zac Bissonnette
Filed under: Newspapers, Housing
The Journal talks about the possibility of a weakening in this lost stronghold but there's another interesting story here:
If these immigrants can pay their mortgages, why can't other people? Part of the reason could be that these mortgages are evaluated using different, more stringent metrics.
But I also wonder if
too many Americans have just lost the sense of pride and commitment to keep their homes. If illegal immigrants can
keep their homes, while they
send money to families abroad and
face tough job conditions, why can't Americans?
Illegal immigrants don't default on mortgages? - BloggingStocks
Home mortgage relief for millions of illegals
Obama's program provides $275 billion to assist homeowners facing foreclosure
Posted:February 24, 2009
By Jerome R. Corsi
© 2011 WorldNetDaily
USA offers help to homeowners facing foreclosure
Illegal aliens can apply for mortgage relief under the Obama administration's $275 billion plan, according to immigration experts and a group the government will use to help homeowners modify loans.
Steven Camarota, director of research at the Center for Immigration Studies in Washington, D.C., told WND
approximately 1 million households headed by illegal immigrants acquired mortgages through the beginning of 2007, before the housing bubble burst.
"A lot of mortgage modifiers out there
never ask about the legal immigration status of the homeowner, and we do not ask either," Buchanan said. "This is the first time I've had that question asked. All we are looking to do is to modify the current note, regardless what the legal immigration status of the client is
Read more: Home mortgage relief for millions of <I>illegals</i>
Home mortgage relief for millions of <I>illegals</i>
If immigrants can keep up with their mortgages, does it really make sense for Congress to push for bailouts for homeowners who are falling behin