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?
Not likely since the bank itself would be the seller...at a loss.
All in all, this might be a good thing.
Most of FR has been trying to get people to listen to the logic that breaking the law to get in leads to breaking the law while here, leads to someone else paying the price.
It's kind of nice to think it's the very financial structure that facilitates money transfers (for profit) that will also be stung by foreclosures caused by their shoddy loan policies (profits).