Illegal aliens should not be getting loans. If they are not here legally, they should not get the benefits of being an American, or legally here in America
We pay for illegal alienism in this case thru higher interest on loans we have, lower interest and return on investment, and higher service fees.
When selecting a Presidential candidate, we need to vette who is pro-illegal and who is pro-American....for many reasons
Loaning money to illegal immigrants isn’t necessarily a legal issue but an economic problem for the issuing bank. In this particular case, the bank may get its money back: if the borrowers do not repay the loan, the bank can and will compel the Social Security Number holder to pay back the loan in full with penalties and interest and will foreclose on the house in question. But what if the house isn’t worth the value of the loan, and the bank cannot locate the Social Security Number holder (or such person does not exist)? Then the bank will go through more nebulous channels. Can they pin the lien on whosoever buys the house from them after foreclosure without prior notice?