Home mortgage relief for millions of illegals
wnd
Illegal aliens can apply for mortgage relief under the Obama administration’s $275 billion plan, according to immigration experts and a group the government will use to help homeowners modify loans.
Steven Camarota, director of research at the Center for Immigration Studies in Washington, D.C., told WND approximately 1 million households headed by illegal immigrants acquired mortgages through the beginning of 2007, before the housing bubble burst.
“There is no legal prohibition against illegal immigrants owning homes,” he said, “and in most cases mortgage lenders will accept a taxpayer ID or a Matricula Consular card issued by a Mexican Consulate office as identification to illegal immigrants from Mexico.”
Chad Buchanan, a manager at SaveMyHomeUSA – a group cooperating with the Obama administration that assists homeowners facing foreclosure – told WND illegal immigrants who own a home “could certainly apply under our program.”
“We don’t target or go after illegal immigrant customers,” he said. “But if an illegal immigrant owns a home legally, we could try to help them under our program.
SaveMyHomeUSA is seeking job applications for loan modification processors to work in the Obama administration mortgage modification program.
“A lot of mortgage modifiers out there never ask about the legal immigration status of the homeowner, and we do not ask either,” Buchanan said. “This is the first time I’ve had that question asked. All we are looking to do is to modify the current note, regardless what the legal immigration status of the client is.”
Wild Thing’s comment………..
Hmmmm Well, this seems like a perfectly socialist idea to me. I can’t believe what is happening to this country!
….Thank you Mark for sending this to me.
Mark
3rd Mar.Div. 1st Battalion 9th Marine Regiment
1/9 Marines aka The Walking Dead
VN 66-67
“There is no legal prohibition against illegal immigrants owning homes,” he said, “and in most cases mortgage lenders will accept a taxpayer ID or a Matricula Consular card issued by a Mexican Consulate office as identification to illegal immigrants from Mexico.”
Apparently their is no prohibition to illegal immigrants being here, but it is against the law. WTF is this BS from Messiabama?
Bob A.
A little twist on an old song:
“Words, Words, Everywhere are Words
Changing the meaning, Breaking my Mind
Do This, Don’t Do That, Can’t You Hear the Words”
“But if an illegal immigrant owns a home legally”
What an oxymoron!!!!!
If you are here illegally, then ANYTHING you do is ILLEGAL!!!! Kind of like “O” not being a natural born citizen – anything he does as a fake president is not legally binding and in fact, against the law of the Constitution!!!!
Just another ploy to garner more votes!!!
February 23, 1836: “The lookout in the tower of San Fernando Church sighted the approach of the Mexican army of Santa Anna and sounded the alarm. The small Texas force (189) retreated into the Alamo. The next day, the siege of the Alamo began. On March 6th, the Alamo fell…”
Sorry Texans, after reading Wild Thing’s posting above, the defenders of the Alamo….
DIED IN VAIN!
– COME AND TAKE IT 1836
America is failing. The Rule of Law is no more. The new guidelines are the “Rule of Feelgood” and the “Rule of Get Votes”.
Illegal is now legal. Orwellian.
I live in an apartment, yet I am going to pay for a family or group of families of illegals to avoid foreclosure on their home.
It’s not just Texas, it’s from border to border, from left coast to left coast. They have taken over entire communities with the blessing and aid of state and federal officials, they are ‘constituents’.
Imagine that you live in a small town of less than 6000 including the surrounding area, adjacent to this town is another, more Mexican, 8 miles away to the East and another farming community some 4 miles to the West, all along the I- 82 corridor. It was a place of about 2800 when I left there 33 years ago, my wife was born and raised there, her mother and two sisters still live there as do extended family, I owned property there up until 1993 when I was taxed off the land and squeezed out due to NAFTA. This once was a sleepy little town of hard working mostly Dutch, German and Scandinavian immigrants, who kept the place clean, law abiding and in some ways a little Peyton Place. 17 churches and 13 bars of which I was mostly blissfully unaware of until I went away to boot camp. Today the city is a shell of it’s former self, Mexican shops have replaced the core businesses, the big draw is Wal-Mart outside of town, forcing the city limits to be extended for taxation. Gone are Sears, JC Penney, two big lumber yards, three fully stocked hardware stores, 5 chain grocery stores because this town was the hub for surrounding little towns, the other option was 40 miles away. Hell even Union Pacific pulled up it’s rails and sold off their right of way. Today it’s like stepping off into a Mexican town anywhere South of the border, English, forget it, the spoken language is a mismash of Mexican-English, mostly Mexican and jive-ass drug lingo BS. Crime is sky high and the gangs are king. Sure the police are working, but it’s a catch and release operation because Jose has infiltrated the infrastructure, only hard crime gets pursued and a few get sent away. Here are but a few from mostly the past 5-6 months. This is typical of the area, which is why I left there. Dammit they own homes we are financing and they vote too!!! This is the Soviet Of Washington after all just like a lot of other states that are sanctuaries. I’ll not get into the bizarre and horrific things that have happened there. Just the stuff that we all see on a daily basis. The nation is lost, McCain will not stop the onslaught, even if he were president, he’s in the tank too. The scarier scene is Obama letting the Ragheads do the same.
http://www.dailysunnews.com/ArcStoryPage.asp?Database=Story&StoryID=4987
http://www.dailysunnews.com/ArcStoryPage.asp?Database=Story&StoryID=15282
http://www.dailysunnews.com/ArcStoryPage.asp?Database=Story&StoryID=15274
http://www.dailysunnews.com/ArcStoryPage.asp?Database=Story&StoryID=15126
http://www.dailysunnews.com/ArcStoryPage.asp?Database=Story&StoryID=14946
http://www.dailysunnews.com/ArcStoryPage.asp?Database=Story&StoryID=14832
http://www.dailysunnews.com/ArcStoryPage.asp?Database=Story&StoryID=14612
http://www.dailysunnews.com/ArcStoryPage.asp?Database=Story&StoryID=14567
http://www.dailysunnews.com/ArcStoryPage.asp?Database=Story&StoryID=14402
http://www.dailysunnews.com/ArcStoryPage.asp?Database=Story&StoryID=14363
This new scam will cost $275 billion (75 billion for problem mortgages and $200 billion for Fannie and Freddie. Under this Stability Initiative, borrowers with a ratio of mortgage debt to income greater than 31 percent can have their mortgage interest rate reduced to as little as 2 percent if that is what it takes to achieve the 31 percent ratio—with government paying half the subsidy and the investor/lender surrendering the other half. If this concession is insufficient to reach 31 percent, then the servicer (as opposed to the lender/investor holding the mortgage) can lengthen the term of the loan and/or reduce the principal amount owed to achieve the 31 percent. Eligible borrowers may also have loans that are as much as 50 percent greater than the value of the house.
So if you are illegal picking cabbages in California and spreading salmonilla to the rest of the country because your personal hygiene sux, then you qualify for this wealth redistribution because you are a victim according to black obama ‘the victim maker’.
If you pay your mortgage on time, forget any special bennies Your rate could very well go up.
There is more… If these deadbeat Wetbacks, have a debt ratio greater than 55% to income, the government will do even more they will refinance their home, Auto loan, and credit card loans.
So this is what the redistribution of wealth looks like in 6 months we will see how many of these deadbeats are still paying their bills.
Bob A., you called it right, it is a bunch of bs.
John, yes, they are doing this for their voting base.
Darth, we need another one. All across our land if possible.
Tom, that is exactly right, the rule of law…. that is something so huge and something that has been a big part of why our country has been a great country. The left does not respect our Constitution, hates most of it, now they have free reign and it will not be pretty.
Jack, thank you for all that information and links to the various articles about this.
This is all so sickening, hearft breaking, and horrible.
Mark, oh man oh man this is all such a total nightmare.