Story About '5 Million Illegals' Holding Bad Mortgages Debunked by HUD

October 9, 2008

HUD cries foul over illegal immigrant mortgage data

Phoenix Business Journal
by Mike Sunnucks

The U.S. Department of Housing & Urban Development says there is no basis to news reports that more than 5 million bad mortgages are held by illegal immigrants.

A HUD spokesman said Thursday his agency has no data showing the number of illegal immigrants holding foreclosed or bad mortgages.

But news reports, including one aired on KFYI-AM 550 in Phoenix, cite HUD as a source for the illegal immigrant mortgage number. The widely read “Drudge Reportâ€