Not a citizen? No problem. Illegal immigrants meet little resistance getting home loans

The Memphis Commercial Appeal ^ | 11/12/06 | Daniel Connolly

[CountryBumpkin]

Sadly, the probable reason illegals are given the loans so easily is that the bank figures that anywhere from 10 to 20 illegal alien adults will live there. After all, it's much easier to afford the payments when a group of people all work under the table, don't pay taxes, steal education and health care, don't have car insurance, and maybe have a few people in the house collecting welfare. Be damned local housing code, fire code, hard working citizens, and patriotic soldiers. People like these two women completely disgust me. They scoff at U.S. law without remorse or shame. And much of the Gubberment aids and abets. WTH?

[Wilhelm Tell]

I'm sorry about the injustice of it all. And it is only going to get worse. The Republicans see cheap labor for big business and the Democrats see easy votes. Both parties are basically run by criminals. The Republicans are at least dimly aware that some people want to kill us. However, they have mismanaged things. That is not as bad as the Democrats, who want to grant American civil liberties to foreign terrorists. I don't know what to say. At some level, a large percentage of Americans really don't care if another 9/11 or worse happens. God bless you. Take care. Survive this mess.

[gubamyster]

ping

[Kimberly GG]

I'm not certain what you mean, it's a direct quote from the link provided, but if you're looking for a summary, basically the federal government is allowing banks, like the Federal Reserve, and other institutions to break their own federal INS laws against 'encouraging' illegal immigration for profit, and those that do, including employers of illegals, are subject to racketeering charges under RICO. and trebel damages.
All that needs to happen is for one bank who refuses to break the law for financial gain, to file a RICO suit against competitors that do. Or an American citizen who is unable to get a mortgage from a bank that readily reduces their loan requirements and interest rates for illegals, could do the same.

[kellynla]

Nothing is going to change until a POTUS is elected who will enforce the immigration laws.

Thanks GWB.

[Kimberly GG]

Exactly....did you know that there is a group out in California that is already filing RICO suits?

http://www.illegalemployers.org/index2.html

I believe that this group is affiliated with Howard Foster, Esq., who is currently handling the Tyson and Mohawk RICO cases. Right now the focus is on employers, but should be applied to any institution, city, or private citizen who, for financial gain, is encouraging illegal immigration by providing services to aliens.

So, it is my opinion, that the "in order to secure the borders, we MUST have 'comprehensive immigration reform' mantra (blackmail), the whole push to pass laws that will include amnesty for employers, is a timely and hurried effort by the bipartisan OBL to prevent judgement on these RICO suits and trebel damages, especially against Tyson, who has been a major contributor to both Clinton and Bush.

Republicans must unite immediately, despite Bush, to stop the OBL and it's North American Union agenda. RICO prosecutions is a great tool that should be used by any American citizen who wishes to protect the sovereignty and security of our country.

[stevie_d_64]

hmmmm...

Affiliate brokers for Century 21...

I wonder if our US AG (Gonzales) is looking into (or away from) this???

If Century 21 is doing this, I wonder if other Real Estate companies are???

[Kimberly GG]

"It is also why many groups and the government will not allow muncipalities to make it illegal to hire or rent to illegals."

What you are describing is the bipartisan OBL (Open Borders Lobby) and their North American Union agenda is MUCH broader and more dispicable than you've described. A red flag......one of the very first meetings Bush held following the election was with Calderone:

http://www.thenewamerican.com/artman/publish/article_4213.shtml


The bipartisan OBL must be stopped. Republicans must unite, despite Bush and all supporters, to stop them.


Bigger Picture anyone? Think that 'open borders' OBL agenda is just a Dim agenda rather than a bipartisan one ? Read Pastor's testimony on the creation of a North American Union given to the US Senate Foreign Relations Committee:

http://www.senate.gov/~foreign/testimony/2005/PastorTestimony050609.pdf

Nothing but conspiracy, you say? Does this agenda fit into the bipartisan scheme for a NWO..... Watch these:

Clinton:
http://www.youtube.com/watch?v=0x9g3xVyJFc&mode=related&search=

GHWB:
http://www.youtube.com/watch?v=jCwZNGwUbp4

[Neidermeyer]

I'm game for forming the basis of a RICO suit ... I live in an area where Banco Popular processes loans for illegals on a regular basis (FL) ... I am a citizen with credit problems due to a medical related BK ... If I was an illegal I would be welcomed with a new home loan at a good rate despite having no credit history as my ssn would be made-up/stolen/missing ... I am currently looking for a Home Equity Loan and am having problems despite good income, good history (last 3 years) and 200K+ in equity (even at todays lower home prices)...

If it would be a better suit I can find dozens of tradesmen who can't find work in construction because they don't sprechen de Espanol , this would be all of the homebuilders, the ones who can get hired are paid about 2/3rds of what the prevailing wage was 15 years ago.

[GrouchoTex]

If this isn't illegal, it is bad business. Why would you loan monet to someone that you know may be rounded up and sent home at a moments notice?
Of course, no one does round up and send anyone home very often.

[DumpsterDiver]

If Century 21 is doing this, I wonder if other Real Estate companies are???

It looks like they are doing whatever it takes to sell houses and illegal aliens are on their radar screen.

Realtors project housing boom if alternate credit scores adopted

No law requires that buyers be in the country legally in order to purchase real estate. Citibank, for instance, doesn't require that borrowers be citizens or legal residents of the United States, Citigroup spokeswoman Janis Tarter said. As with many other minority and immigrant communities, bringing Hispanic families into the mortgage market is a continuing challenge, say officials at Federal Reserve Banks across the country.

snip

Creditors like Citigroup Inc.'s Citibank see recent immigrants as a growing market niche, but those who lack Social Security numbers or legal status in the U.S. are often rejected by the three major credit bureaus.

A handful of new credit reporting systems already used by 200 real estate brokers, community groups and mortgage counselors nationwide allows them to calculate risk by evaluating a prospective client's utility bills and rent checks.

Should the new reporting methods gain wider acceptance on Wall Street and among secondary mortgage lenders like Fannie Mae, housing markets in places like California's Central Valley would stand to gain the most...

snip

[oneamericanvoice]

"I'm not certain what you mean..."

I thought I was very clear. Long quotes are too much to read. It would be more helpful to take the highlights and then post where to find the information. Thanks for putting up the post. I'd just do the cliff notes version.

Wonder if there is a law organization or elected official with the guts that would take a case to end this practice.

[oneamericanvoice]

How about "cracker"?

The point is that they use derogatory terms against other people, but are given a pass. And it's right out in the open.

[oneamericanvoice]

I smell discrimination law suit! BTW, have you tried Skyline Financial? Hugh Hewitt recommends them. You might want to check his website. Good luck!

[Arizona Carolyn]

Where do we sign up to become illegal's?

[oneamericanvoice]

I'm just waiting for someone to ask me for information so I can tell them that it's not germane since they don't require it from illegals. One of my favorites is the free wire transfers to Mexico. Try sending money anywhere in the US for free and they will laugh at you. They don't see the problem! Try it at a bank branch that isn't yours just for fun. Or ask them for english only deposit slips! That's another one!

[Arizona Carolyn]

Great point... I'll have to remember that.

[oneamericanvoice]

"...those who lack Social Security numbers or legal status in the U.S. are often rejected by the three major credit bureaus."

It is outrageous that they don't track the illegals! The next time one of the financial institutions uses my credit score for anything, I'm going to go ballistic.

[djf]

Aiding and abetting the commision of a crime.

A felony in almost all jurisdiction.

The banks are basically telling the feds "Screw you. We're onna do what we want no matter what the law is"

And the pols, who have allowed the country to be pledged into perpetual debt (which is no different from infinite debt) have no choice but to go along.

If the banks don't like what the pols do, then they can just wait till grandma walks in with her SS check and say "We can't cash it."

Face it, they got us by the short hairs.

[oneamericanvoice]

"Juan Romo, a part owner in Su Casa, said he's seen the number of Spanish-speaking real estate agents in the Memphis area jump from two or three in 1999 to about 50 today. He said that when people without Social Security numbers buy homes, they help develop the economy."

"They integrate more into Memphis, too," he said. "I don't see any wrong in doing that, really." "

He doesn't see anything wrong with it? They help develop the economy? The number of real estate agents has jumped to 50 in about 7 years! And this is Memphis, not a border state! They are even having problems in Maine! Listen up people, if you don't stand up now, you're going to be speaking espanol! Just say NO!