Wednesday, September 1, 2010

ILLEGALS & FORECLOSURES

MEXICANOCCUPATION.blogspot.com

WHAT WOULD HAPPEN IF 38 MILLION ILLEGALS SURRENDERED THEIR JOBS TO LEGALS, AND WENT BACK TO MEXICO TO TURN IT INTO THE VERSION OF MEXICO THEY WANT HERE?

YIKES!


“Walsh stated. Walsh said his analysis indicating there are 38 million illegal aliens in the U.S. was calculated using the conservative estimate of three illegal immigrants entering the U.S. for each one apprehended.”


Illegal alien population may be as high as 38 million

Study: Illegal alien population may be as high as 38 million A new report finds the Homeland Security Department "grossly underestimates" the number of illegal aliens living in the U.S. Homeland Security's Office of Immigration Studies released a report August 31 that estimates the number of illegal aliens residing in the U.S. is between 8 and 12 million. But the group Californians for Population Stabilization, or CAPS, has unveiled a report estimating the illegal population is actually between 20 and 38 million.

*
In Rep. Dan Tancredo’s district there have been more than 10,000 mortgages owned by illegals that went into foreclosure. It’s only part of the border to border crime wave perpetrated by illegals from Mexico.
*
E-Verify for Mortgage Applications (fraudulent claims from illegal immigrant)


Rep. Kenny Marchant Proposes Bill to use E-Verify for Mortgage Applications
Tuesday, February 9, 2010, 9:56 AM EST - posted on NumbersUSA



Rep. Kenny Marchant (R-Texas) has offered the Mortgage E-Verify Act that would require a mortgagor to be verified through E-Verify when applying for a modification of a home loan owned by Fannie Mae or Freddie Mac.

"As a member of the House Financial Services Committee, I am happy to introduce my bill, the Mortgage E-Verify Act, which would require, as a condition for modification of a home mortgage loan held by Fannie Mae or Freddie Mac or insured by the Federal Housing Administration (FHA), that the mortgagor be verified under the E-Verify program," Rep. Marchant said in a press release. "My bill will potentially save millions by cutting down on fraudulent claims from illegal immigrants and protect taxpayers from subsidizing the restructuring or renegotiation mortgages of illegal immigrants."

Rep. Marchant's bill is a result of a major case in Nevada where a loan officer submitted false income and employment documentation to help illegal aliens secure FHA loans. The scam totaled $6.2 million in loans with many going into default, costing HUD nearly $2 million. The loan officer was found guilty on 32 counts of submitting false information.

*

HOW MANY OF THESE STATES ARE OVERRUN WITH ILLEGALS?

CALIFORNIA PUTS OUT $20 BILLION IN SOCIAL SERVICES TO ILLEGALS. LOS ANGELES COUNTY ALONE PUTS OUT ONE BILLION. MOST CITIES IN CA ARE “SANCTUARY” SO LAWS PROHIBITING THE EMPLOYMENT OF ILLEGALS ARE TRASHED BY THE ILLEGALS AND THEIR REPS!

Drowning in debt: top 15 states for underwater mortgages

Last week, The Chronicle reported that underwater mortgages are on the decline: that because of increased foreclosures on distressed properties, the number of American homes with mortgages that exceed the properties' value has dropped. But again, foreclosures, rather than rising home prices, accounts for the drop--not then a positive sign.
For a more detailed look at this phenomenon, here is a list of the top 15 states in our union for underwater mortgages.

1. Nevada: 69.9% of all mortgages
2. Arizona: 51.3% of all mortgages
3. Floria: 47.8% of all mortgages
4. Michigan: 38.5% of all mortgages
5. California: 35.1% of all mortgages
6. Georgia: 27.8% of all mortgages
7. Virginia: 24.3% of all mortgages
8.-13. South Dakota, Maine, West Virginia, Wyoming, Louisiana, and Mississippi: 23.8% of all mortgages
14. Maryland: 22.9% of all mortgages
15. Idaho: 22.7% of all mortgages

No comments: