Mortgages Went South When Illegals Came North

摘要

Even the landlords did well on rents and house appreciation. [...] the collapse of the immigration "reform" (i.e., amnesty) bill in 2007, the housing future for illegal aliens looked like it would be secured by the full faith and credit of the United States government and championed by the media and government elites. The blame is widespread - lenders, appraisers, realtors, politicians, protective media and the borrowers themselves. Besides the ethical violations, the underlying criminal activity - fraud, misrepresentations, kickbacks, tax evasion, outright theft - would overpopulate many a jail.