[12B]

Stupid idea! The down payment is the issue that caused a huge part of this problem in the first place - actually the lack thereof. If Americans cannot come up with downpayments, how can illegals? Besides, I’m thinking that more than a few people that purchased houses in the last year or two are illegals and didn’t put down anything. I’m happy that you are not running this country.

The problem is that we gave credit to uncreditworthy people who weren't putting up downpayments for the most part. I don't understand your logic. A buyer who can put upp a solid downpayment is exactly what the market craves. Also, many would likely enter the housing segment most hard hit by defaulters. Voila!

[Sonora]

Stupid idea! The down payment is the issue that caused a huge part of this problem in the first place - actually the lack thereof. If Americans cannot come up with downpayments, how can illegals? Besides, I’m thinking that more than a few people that purchased houses in the last year or two are illegals and didn’t put down anything. I’m happy that you are not running this country.

The problem is that we gave credit to uncreditworthy people who weren't putting up downpayments for the most part. I don't understand your logic. A buyer who can put upp a solid downpayment is exactly what the market craves. Also, many would likely enter the housing segment most hard hit by defaulters. Voila!

ILLEGALS DON'T HAVE A DOWNPAYMENT, THEY DON'T HAVE HARDLY ANY MONEY, surely not sufficient funds to buy a house in America - now, what about that don't you understand? And, yes, a few may have the funds - very few. What on earth makes you believe that illegals have money? Not just some money, we all have pocket change - funds to buy a house?