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Author Topic: Trump wants to ban undocumented immigrants from accessing mortgages  (Read 380 times)

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Offline rangerrebew

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Trump wants to ban undocumented immigrants from accessing mortgages
« on: September 09, 2024, 12:02:34 pm »
Trump wants to ban undocumented immigrants from accessing mortgages
He believes it could be a method to curb housing costs
 
By Candyd Mendoza
09 Sep 2024
 
Former President Donald Trump has proposed banning mortgages for undocumented immigrants, framing the move as a way to ease pressure on housing costs.

Speaking at the Economic Club of New York on Thursday, Trump claimed that undocumented immigrants are contributing to rising home prices, despite their small presence in the mortgage market.

However, it is questionable whether this aligns with the numbers. According to a recent Urban Institute report, only 5,000 to 6,000 mortgages were issued in 2023 to holders of Individual Tax Identification Numbers (ITINs), which are used by individuals who don’t qualify for Social Security numbers but still file taxes.


This represents a tiny fraction of the overall mortgage market, with 4.3 million first mortgages issued nationwide that same year, according to Equifax.

https://www.mpamag.com/us/news/general/trump-wants-to-ban-undocumented-immigrants-from-accessing-mortgages/504740
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Offline rangerrebew

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Re: Trump wants to ban undocumented immigrants from accessing mortgages
« Reply #1 on: September 09, 2024, 12:04:42 pm »
Quote from: rangerrebew on September 09, 2024, 12:02:34 pm
despite their small presence in the mortgage market.

Not if the Federalies and states keep going into the home loan business. **nononono*
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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Offline DefiantMassRINO

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Re: Trump wants to ban undocumented immigrants from accessing mortgages
« Reply #2 on: September 09, 2024, 12:12:43 pm »
Most conforming mortgages are underwritten, backed, or subsidized with taxpayer funds.  No illegal immigrant should be able to access anything that is underwritten, backed, or subsidized with tax-payer funds.
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Online Bigun

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Re: Trump wants to ban undocumented immigrants from accessing mortgages
« Reply #3 on: September 09, 2024, 02:50:41 pm »
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Trump wants to ban undocumented immigrants from accessing mortgages

I want to ban them from accessing ANYTHING so they will be forced to go home!
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