Demanding Mortgages For Illegal Aliens
From Washington Dispatch.com
Commentary by Donald A. Collins
October 14, 2004
(Courtesy of Les)
We continue selling our nation in pieces to the highest domestic bidders–or is it to the lowest cost foreign bidders?--regardless of the best interests of our citizens. Selling our manufacturing base via outsourcing of good jobs for Middle Class families is just one of many examples. Giving our most advanced technology away is another. So is letting unlimited illegal aliens cross our borders to take jobs from our poorest citizens. Rampant outsourcing and runaway “insourcing”.
The latest proposed scam to sell out America to the greedy who lurk everywhere has surfaced in an article from the Denver Business Journal on October 4th. It reports that “Undocumented Latino immigrants could add an estimated $44 billion in new mortgages to the economy if it were easier for them to buy homes, according to a study released Monday by the National Association of Hispanic Realtors (NAHREP) at its annual convention and expo in Denver.”
Get that–“undocumented Latino immigrants”–these are folks here illegally, should be given mortgages so they can buy homes. These are illegal aliens, plain and simple. Let’s just skip the formality of being here legally and get the full benefit of citizenship with no questions asked.
The article quotes the position of this real estate group, "Undocumented Latinos are an invisible element in our economy today," said Gary Acosta, chairman and co-founder of NAHREP, in a statement. "Until now, nobody has attempted to quantify the positive impact these consumers can have on our nation. This is a matter of economics. As homeowners, these people would make enormous contributions to local communities all across America."
Not satisfied with serving the almost 40 million Latinos here already, they realize that with over 10 million Latinos here illegally, they are missing a market share of significance. The hell with that tired old American standard, The Rule of Law!
The only reason they can get away with this is that the majority of our national leaders in Congress and the Administration won’t enforce our existing immigration laws and find every possible way to ignore ways of strengthening them. Current example: Watch carefully this week as the US Senate tries in conference with the House to eviscerate HR 10, which contains recommendations from the 911 Commission which would tighten immigration laws. Doubtless there will also be intense Bush Administration pressure on the House conferees to buckle, despite the President’s constant droning on about how well he wants to protect us from terrorists who now flow freely across our southern borders.
Then of course others in the mortgage business see great chance for gain. Listen to this spokesperson: "We applaud NAHREP for bringing to the forefront the economic significance that undocumented Latinos can have on the economy and in their communities through home ownership," said Geoffrey Cooper, director of emerging markets at MGIC, a private mortgage insurance company offering a pilot mortgage program for the undocumented, in a statement.
"There are many immigrant families who are here to work, raise families and build a life in the U.S. If we bar these families from participating in home ownership, we deny them access to the single biggest wealth-building tool in our society."
Folks, if these examples of brazen disregard for our laws doesn’t anger you, I guess we better all just decide that the United States of America is a fat hog waiting to be butchered by the invaders at a price which suits their needs.
Well, you may ask, why aren’t these mortgages being offered now? Fortunately, one major impediment stands in their way. It’s called proper documentation. Real estate transactions to be legal must be fully documented, if the buyer and seller and lender are to be in legal possession or to be repaid any mortgage loans. Thus, as the Journal notes, “Mortgage giants Freddie Mac and Fannie Mae don't finance loans taken out by undocumented immigrants, but at least one company is offering a pilot program for this community.” But if such pilot programs needs the packaging available through Freddie and Fannie, they can’t presently get it.
Betcha something. These greedy mortgage people and the National Association of Hispanic Realtors (NAHREP) will soon find national legislators anxious to accommodate their wishes with legislation designed to insure that illegal aliens can get mortgage loans. While Fannie and Freddie are under attack now for their accounting practices, it could well be that they too will be on the bandwagon for NAHREP’s idea.
So another piece of America gets sold to the highest bidder. Who’s next? There are many imaginative illegal ideas in the pipeline. If you don’t tell forcefully your legislators that citizens deserve protection from these continuing abrogation of our laws, Cole Porter’s famous song title, “Anything Goes” will soon be America’s epitaph, as everything goes.
Collins, a DC free lance writer, often writes for the Dispatch on policy issues.
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