Michelle Malkin :: Townhall.com :: Illegal Immigration and the Mortgage Mess
It’s no coincidence that most of the areas hardest hit by the foreclosure wave — Loudoun County, Va., California’s Inland Empire, Stockton and San Joaquin Valley, and Las Vegas and Phoenix, for starters — also happen to be some of the nation’s largest illegal alien sanctuaries. Half of the mortgages to Hispanics are subprime (the accursed species of loan to borrowers with the shadiest credit histories). A quarter of all those subprime loans are in default and foreclosure.
Read the whole thing. It is both stunning and a bit chilling.
Continue reading “Home loans for illegals: a personal aside”