September 30, 2008

FLASHBACK 2007: The nation’s big banks, scrambling for customers, are pitching mortgages to illegal aliens

Posted by D.A. King at 6:04 pm - Email the author   Print This Post Print This Post  

Wall Street Journal via the New Jersey Real Estate Report

Flashback to 2007: Big banks’ loan push: Illegal aliens

The nation’s big banks, scrambling for customers, are pitching mortgages to illegal [aliens]. — Two years ago, making home loans to people who are in the U.S. illegally was largely limited to community banks that wanted to revitalize neighborhoods by offering low-cost mortgages to local workers…

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