Thread: How Many Subprime Mortgages Were Awarded to Illegal Aliens?

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Exclusive: How Many Subprime Mortgages Were Awarded to Illegal Aliens?

Michael Cutler

This short news report might have been a bit longer if it had been written a couple of weeks later than it was. This story is dated September 5th and deals with one of the key issues about immigration that virtually no one is willing to talk about - especially politicians and others who subscribe to the open borders philosophy and to the idea of providing the millions of illegal aliens who are in our country with a Guest Worker Amnesty Program and a "Pathway to United States Citizenship." It deals with illegal aliens using stolen Social Security numbers and false immigration documents to apply for a home loan.

The challenges confronting our nation in dealing with the millions of illegal aliens who are in our country are numerous and significant. In my opinion, the most daunting challenge, and one that is fraught with national security implications, deals with accurately identifying millions of illegal aliens who have no reliable way of proving their identities. Our officials cannot be certain as to the true names of these millions of people. There is no way of determining their true nationality. There is no way of knowing when, where or how they entered the United States. Therefore, there is no way of truly knowing if they are wanted for crimes in other countries. There is also no way of determining if they are affiliated with criminal or terrorist organizations.

Absent all of the information I noted above, there is absolutely no way of knowing with any certainty, the intentions of these millions of aliens who have shown utter contempt for our nation's borders and our nation's laws.

Certainly the majority of illegal aliens are desperate people. They are not able to live decent lives in their own countries and consequently they are willing to take incredible risks to enter our country and take jobs Americans would be happy to do for living wages under reasonable conditions.

The problem is that there is no way of separating the illegal alien who is simply seeking illegal employment and the alien whose goal is far more nefarious. And regardless of their goals, neither of them should be here in the first place.

Hope is not a strategy. Hoping that the illegal alien who appears to simply be determined to get a job and send money home is no guarantee that he is not involved in a more sinister plan. Many years ago, in the early 1980s, I was involved in a raid conducted at a diner in Staten Island, New York. We arrested nine illegal aliens from various countries, including several from Latin America. Among them was a couple from Greece (they had worked on a ship and jumped ship upon arrival in New York). One alien, a citizen of Egypt who had been employed as a dishwasher, attempted to escape arrest by running through the parking lot at the rear of the diner. He ran across the roofs of cars and it took a major effort to finally arrest him. When we were finally able to corral him and place him in handcuffs he agreed to allow us to take him to his apartment to get his passport. The passport was important to properly identify him and to facilitate his deportation from the United States.

When my partner and I entered his apartment (located a short distance from the diner), we found about a half dozen large shopping bags filled to the brim with coupons for various items we were certain he had no use for. Among the products for which he had coupons were diapers, dog food and women's sanitary products. He was a single man with no wife or girl friend, no kids and no pets.

He also had no explanation for the coupons except to lamely claim that kids in the neighborhood "played with the coupons." When we asked him which kids and how they might play with them, he shrugged his shoulders and refused to discuss the coupons.

He was ultimately deported and then, several months afterwards I watched a televised news report about how terrorists from the Middle East had been coming to the United States to engage in coupon fraud to fund terrorist attacks around the world! The "dishwasher" we had arrested was obviously one of them. I have often wondered where he is now and what role he might have played in the terrorist attacks I have read about, including the first attack on the World Trade Center on February 26, 1993 and the attacks of September 11, 2001.

The story that prompted this commentary demonstrates that illegal aliens may also be involved in criminal activities that can literally reverberate through our nation. While the news article provides the names of the couple that was arrested, I wonder what their true names and nationalities might be. This is why when police arrest a suspect they fingerprint him (her) because bad guys use changes of identity the way that a chameleon uses changes in coloration, to hide in plain sight among his intended victims!

Identity theft has been defined as being the "fastest growing white collar crime in America." It is my belief that illegal aliens contribute greatly to this epidemic that can make the honest person whose identity is stolen miserable.

I suggest you ask yourself how many of the sub-prime mortgages that have contributed greatly to the financial crisis that threatens our country may have been awarded to illegal aliens who committed identity theft as did the couple who were arrested.

In the name of national security, citizens of the United States are finding it increasingly difficult to obtain driver's licenses and other identity documents. While this inconvenience is unfortunate, I believe that these measures are necessary, especially in this perilous era. The point is that the continuing entry and presence of illegal aliens in our country whose identities are unknown and unknowable represent a threat to national security and to the safety of our citizens. That is why I wrote a commentary for the Washington Times last year as the Senate took up the issue of "Comprehensive Immigration Reform," in which I appropriately renamed that fatally-flawed legislation the "Terrorist Assistance and Facilitation Act of 2007."

Any sort of wide-spread legalization process for those millions of illegal aliens would simply provide terrorists and criminals with an opportunity to create false identities for themselves and would simply create the illusion of security. What's worse than no security? False security. Any Guest Worker Amnesty Program for illegal aliens certainly represents false security. This is unacceptable.

I, too, have wondered how many of these mortgages were to illegals.

The fact is, though, from two articles I saw some years ago, HUD knew they were making loans to illegals. There were two interviews, with 2 different HUD officials. Both made statements to the effect that should just a fraction of the illegals default on their loans, the entire program would be in jeopardy.

One of the articles began with , "Jose and Maria have been househunting, but they are having hard time finding anything for the $100K loan they have ----"

So it isn't whether or not they have loans, from that we know they do and so does the government.

How many is something we don't know and how much they had to do with the problem is unknown as well - at least to us.

How about McCain's idea to bring the 'out of the shadows' and make them pay a fine, back taxes - and submit to a background check.

Has anyone really thought about what is being said when they propose a background check on someone here illegally, who has used fake ID, maybe dozens over the years - someone who is from a foreign country?

It just simply makes no sense. It sounds good if you want to believe, but if you think about it, it makes no sense.

You can bet there were plenty of loans given to illegals!!!

It's not just SUB-PRIME housing loans given to Illegal Aliens

It's Credit Cards given to Illegal Aliens

It's Auto Loans given to Illegal Aliens

It's Small Business Loans given to Illegal Aliens

thats why the Government wants a blank check... 700 Billion my A$$ .. this is going to go into the TRILLIONS Easily .... you got the low end number because of the American outrage they new was coming

Originally Posted by AirborneSapper7

It's not just SUB-PRIME housing loans given to Illegal Aliens

It's Credit Cards given to Illegal Aliens

It's Auto Loans given to Illegal Aliens

It's Small Business Loans given to Illegal Aliens


thats why the Government wants a blank check... 700 Billion my A$$ .. this is going to go into the TRILLIONS Easily .... you got the low end number because of the American outrage they new was coming

Yeah all the stuff that Paulson wants to include in the Bail out!

Originally Posted by AirborneSapper7

It's not just SUB-PRIME housing loans given to Illegal Aliens

It's Credit Cards given to Illegal Aliens

It's Auto Loans given to Illegal Aliens

It's Small Business Loans given to Illegal Aliens


thats why the Government wants a blank check... 700 Billion my A$$ .. this is going to go into the TRILLIONS Easily .... you got the low end number because of the American outrage they new was coming

GREAT POINTS AirborneSapper7! Illegal aliens have caused so many financial problems for all of Americans. But it all starts with the evil, greedy, unethical big business pigs, politicians, and lawmakers, BANKERS, LENDERS, WALL STREET INVESTERS, ETC., ETC.

NOT TO MENTION, THE CORRUPT FOREIGNERS, GLOBAL MARKETEERS, FREE TRADE PARTNERS, EXPORTERS OF TAINTED AND POISONED FOODS, DRUGS, TOYS, AND ESPECIALLY THE UNITED NATIONS!

Originally Posted by butterbean

Originally Posted by AirborneSapper7

It's not just SUB-PRIME housing loans given to Illegal Aliens

It's Credit Cards given to Illegal Aliens

It's Auto Loans given to Illegal Aliens

It's Small Business Loans given to Illegal Aliens


thats why the Government wants a blank check... 700 Billion my A$$ .. this is going to go into the TRILLIONS Easily .... you got the low end number because of the American outrage they new was coming

GREAT POINTS AirborneSapper7! Illegal aliens have caused so many financial problems for all of Americans. But it all starts with the evil, greedy, unethical big business pigs, politicians, and lawmakers, BANKERS, LENDERS, WALL STREET INVESTERS, ETC., ETC.

NOT TO MENTION, THE CORRUPT FOREIGNERS, GLOBAL MARKETEERS, FREE TRADE PARTNERS, EXPORTERS OF TAINTED AND POISONED FOODS, DRUGS, TOYS, AND ESPECIALLY THE UNITED NATIONS!

And all of these people need to be in Jail with no chance to get out for the next 20 or so years.

Originally Posted by BigMonkey

Originally Posted by butterbean

Originally Posted by AirborneSapper7

It's not just SUB-PRIME housing loans given to Illegal Aliens

It's Credit Cards given to Illegal Aliens

It's Auto Loans given to Illegal Aliens

It's Small Business Loans given to Illegal Aliens


thats why the Government wants a blank check... 700 Billion my A$$ .. this is going to go into the TRILLIONS Easily .... you got the low end number because of the American outrage they new was coming

GREAT POINTS AirborneSapper7! Illegal aliens have caused so many financial problems for all of Americans. But it all starts with the evil, greedy, unethical big business pigs, politicians, and lawmakers, BANKERS, LENDERS, WALL STREET INVESTERS, ETC., ETC.

NOT TO MENTION, THE CORRUPT FOREIGNERS, GLOBAL MARKETEERS, FREE TRADE PARTNERS, EXPORTERS OF TAINTED AND POISONED FOODS, DRUGS, TOYS, AND ESPECIALLY THE UNITED NATIONS!

And all of these people need to be in Jail with no chance to get out for the next 20 or so years.

Absolutely!!!!!

Some of the largest National Home builders had deals, new house no money down $79.00 gets you the keys all fees rolled in to the deal,
no credit check no down payment, no income verification no social security number no proof you are legal etc. Entire neighborhoods created.
I saw this in Houston 5 years ago, now a lot of the houses are empty.

This was for lower income, but the homes started at 135K with a buy down first 3 to 5 years then bam the payment skyrockets. First time home buyers with no clue as to taxes, insurance etc. Then it was furnish, window treatments landscape etc on credit cards that are easy to get once your a home owner

street after street and no one speaking English

This is the result of corruption creep.