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YES they do! Illegal immigrant have been found to be a very good mortgage risk because they buy homes they can afford, and home they want to raise their families in, not to turn around and make a quick buck or to 'keep up with the Jone's'. We are adding more to our mortgage crisis by deporting hard working people that were paying their loans. If you notice that my links are dated 2007, that's when the immigration crackdown started, so that has all changed now. Loans to Illegal Immigrants Sturdy RISMEDIA, Oct. 15, 2007-Despite the downturn of the mortgage market, a type of home loan has remained surprisingly sturdy: one extended to illegal immigrants. Immigrants Turn Out To Be Good Mortgage Risks Amid the housing loan debacle, one segment of the mortgage market is solid: illegal immigrants. As it turns out, home loans that don’t require legal status are among the safest risks that banks can take. According to The Wall Street Journal, ITIN mortgages – which immigrants can get with only a taxpayer indiana number – have a delinquency rate of about 0.5 percent, roughly half that of prime mortgages and far below the 9.3 percent rate of subprime loans.
Illegal aliens have the largest default rate of an group so no they do not pay their mortgages! The pro-criminal groupies will tell you that ITIN mortgages have the lowest default rate of any group. This is true! After all multimillionaires who are buying hotels, strip malls, etc. are an excellent risk! Throwing the illegal, immoral, criminal invaders with mortgages in with these people is just more proof of the lies and misleading statements made by the pro-criminal groups! So let's look at this closer: Multimillionaires who are buying hotels, strip malls, etc. are an excellent risk! Illegal, immoral, criminal invaders are a terrible risk! These people default more than anyone else! Grouping them together is like grouping child molesters and loving spouses together because they both have sex and saying sex is good for these people! Completely illogical and misleading!
They seem to be a multicountry worldwide economic business enterprise, doing corporation in Mexico as economic business enterprise of Mexico. they only might provide those people loans in Mexico and decide for the pastime they are in a position to get off of credit taking part in cards from them interior the U. S.. they don't care that they are area of facilitating illegals to stay right here, because of the fact they are going to be earning revenue. Capitalism at artwork. there's a regulation being drafted to provide up this, yet as for me, i will only circulate my money owed to the place they gained't fund this form of investment.
Illegals are just that illegal they don't belong here and id report every single one of you, how would that affect the mortgage situation in your own country?
Illegal immigrants shouldn't be able to GET a mortgage. Because, one of the requirements is proof of employment, and they shouldn't be able to do that if they are illegal (notice all the "shouldn'ts" in my answer)
Yes. they were paying them on time until they were deported. Deportation of the illegals adds more to our crisis. Here's a good article: Illegal immigrants don't default on mortgages?
Yes they do! do you notice those they say otherwise have no links? If illegals can pay their mortgages, why can’t we?
I don't think illegals buying houses is a huge problem. You can't really qualify for a loan making minimum wage, or below minimum wage.
The illegal that lived at the end of my block had his house foreclosed upon 1.5 years ago. So I would say, NO they don't.
I think most illegals rent.