Mortgage loans for illegal aliens
In search of profit at any cost, banks, credit unions and other American financial institutions are not only opening accounts and issuing credit cards for people they know to be in the U.S. illegally, but they are also making mortgage loans to those illegal aliens.
The federal government is doing nothing to stop this criminal enterprise.
Under the federal Immigration and Naturalization Act (8 USC, 1324), it is a federal felony to encourage an illegal alien to remain in the United States. Also, as Dianne Grassi reports in "Mortgages for Illegal Aliens Encouraged by FDIC" under U.S. Criminal Code 274, 'It is a crime punishable by 10 years in jail for aiding and abetting someone in this country illegally for commercial gain.' ... the Bank Secrecy Act of 1972 provides that 'Banks must know their customers and any illegal activity must be reported to the government.'”
Any reasonable person must see that by making a mortgage loan to an illegal alien, the lender is not only clearly encouraging that criminal to remain here, but is itself in violation of federal law.
In a War on Terror, banks are opening accounts and issuing credit cards to people from all over the world who are allowed to overstay visa's or simply walk into America. Ask yourself why accepting wages from illegal labor as deposits and then helping to electronically wiring a portion of that money out of the U.S. is not money laundering.
Ask yourself how many of the 9/11 terrorists had credit cards that helped take advantage of America's freedoms.
It should be noted here, again, that Georgia state Senator Sam Zamarripa is a founding partner and Director of Marketing of United Americas Bank (UAB) - aka Banco Unido. UAB is a federally regulated bank in Georgia that is not only profiting from opening accounts and issuing credit cards to known illegal aliens, but using the IRS issued Individual Tax Identification Number [ITIN] and the Mexican Matricula Consular as valid ID to issue mortgage loans to the illegal aliens.
The IRS is very clear in its regulations...the ITIN is intended for federal income tax purposes only, and is not valid identification. The Mexican Matricula Consular is not reliable, and needed only by illegal aliens.
For more information, see:
- Home loans for illegal aliens?!, by Michelle Malkin, August 29, 2003.
- Can Banks Profiteer From Illegal Immigration with Impunity?
- FDIC Endorsement of Illegal Alien Mortgages Violates the Law, Dan Stein Report, August 5, 2005
Immigrants [illegal aliens] latch on to tax ID numbers - Undocumented workers [illegal aliens] able to obtain home loans , By Rebecca McCarthy, The Atlanta Journal-Constitution, October 12, 2004