Today’s article delved into the bizarre world of taxpayer-funded illegal alien mortgages. If you thought the abuses that led to the recession were bad, this is something else entirely. Taxpayers are on the hook for mortgages for illegal aliens who could be deported.
It’s unknown how many illegal aliens have taken out FHA loans, but some media stories have cited loan officers for whom illegal alien FHA loans represent a significant percentage of their business.
The Trump administration has applied the brakes to this avalanche of taxpayer-insured mortgages to illegal aliens. The Department of Housing and Urban Development (HUD) had begun notifying lenders that the FHA was no longer in the illegal alien mortgage business. The reasons were common sense. DACA illegal aliens, or in media spin, DREAMERs, were not legal residents and weren’t being legalized.
Fannie Mae however is making it clear that it is in the illegal alien mortgage business.
Read the full story from Front Page Mag
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