Washington Times - MALKIN: Illegal immigrant factor
It's no coincidence that most of the areas hit hardest by the foreclosure wave - Loudoun County, Va., California's Inland Empire, Stockton and San Joaquin Valley, and Las Vegas and Phoenix, for starters - also happen to be some of the nation's largest illegal alien sanctuaries.
Half of the mortgages to Hispanics are subprime (the accursed species of loan to borrowers with the shadiest credit histories).
A quarter of all those subprime loans are in default and foreclosure.
The Washington Post noted, almost as an afterthought in a 2005 report: "Hispanics, the nation's fastest-growing major ethnic or racial group, have been courted aggressively by real estate agents, mortgage brokers and programs for first-time buyers that offer help with closing costs. Ads proclaim: "Sin verificacion de ingresos! Sin verificacion de documento!" - which loosely translates as,
'Income tax forms are not required, nor are immigration papers.'
The above are quotes, my words are below:
The truth is, were the illegals not here, the banks wouldn't have been recruiting them for home loans they couldn't afford in the first place. Add to that the fact that if they weren't here, Americans would be making a living wage, more Americans would be able to afford to purchase homes and the banks wouldn't have had to go recruiting the illegals.
Illegals TAKE jobs from Americans, the reduce our wages and the take our resources. We can't afford them.