[pnh102]

... if these illegals used someone else’s SS number ...

Any bank that grants such a mortgage needs to have its charter revoked.

Situations like these are exactly the reason why identity theft is so rampant in the USA. There seems to be no reason or incentive at all for a bank to operate in a more cautious manner when it does business. If a bank suffered real consequences as a result of identity theft, then you would see this problem disappear overnight.

[muggs]

Exactly, they do anything to approve a loan. Banks have access to programs that can verify social security numbers. I process rental applications for apartments and I verify every ss#.

[mewzilla]

Any bank that grants such a mortgage needs to have its charter revoked.

‘Liar loans’ loom large

Mortgages to Illegal Immigrants Come Under Fire

Selling illegal immigrants the American dream

Mortgages for illegal immigrantsa

Bank of America and Citi seem to be two of the worst offenders.