Trump Stops Taxpayer-Backed Mortgages for Illegal Aliens
How Democrats are taking the economy hostage to protect illegal aliens.
March 26, 2019
Daniel Greenfield
When Barack Obama implemented his unilateral amnesty for illegal aliens who claimed to have entered this country before the age of sixteen, the illegally amnestied illegals qualified for many benefits.
One of these were FHA loans.
FHA loans are government-backed mortgages meant for poorer Americans unable to qualify for normal mortgages. Democrat abuse of the FHA helped lead to the Great Recession and in the years afterward, FHA insured loans hit losses of $70 billion. By 2012, the FHA was $16 billion in the hole and had to be bailed out. The delinquency rate for FHA loans is still more than three times higher than normal loans, and depending on the period, have hovered between 8% and 14%. Time to bring in the illegal aliens.
https://www.frontpagemag.com/fpm/273245/trump-stops-taxpayer-backed-mortgages-illegal-daniel-greenfield
