What caused the problem of real estate mortgages? The OCC says there are nearly 35 million loans.?
Office of the Comptroller of the Currency12. September 2008The OCC and OTS Mortgage Metrics Report found that measures to prevent national banks and housing savings seizures have increased faster than their new entries in the second quarter of 2008, despite an overall decline in the quality of mortgage credit and increased Zwangsvollstreckungen.Die combined report, the separate reports replaced by the two agencies, provides loan loan data in a standardized format for value of 34.7 million first mortgage lien of more than U.S. $ 6.1 trillion held or serviced by national banks and Sparkassen.http: / / www.occ. gov/ftp/release/2008-105.htmAuf other hand, some five million fraudulent mortgages in the hands of illegal aliens within the U.S. Department of Housing and Development.Es is not known how many of them have contributed to the subprime housing collapse, but it has affected all states, including Arizona.Das problem began years ago when banks were forced to mortgage it without confirming social security numbers or borrower identification pass. Therefore, illegal immigrants were mortgages who could not afford their erhalten.http: / / www.freerepublic.com/focus/f-news/2100080/postsBanken see a waste of resources in providing home loans to U.S. undocumented Bürger8. August 2005 following: / POST / money.cnn.com/2005/08/08/news/economy/illegal_immigrants/Also banks have decided that illegal immigrants could take out loans, even if they have broken our laws in our their country illegally instead of our government. Is not it do the same thing that employers know that illegal immigrants with false documents, illegal rent summary of barriers to research HUD test series with the Hispanic ownership and efforts to overcome these obstacles Http : / / search.hud.gov /? search q = cache: W8B0YHX3ROIJ: www.huduser.org/Publications/PDF/hisp_homeown8.pdf+ illegal immigrants + + FHA & access = p & output = xml_no_dtd & site = & ie = UTF-8 & default_collection client = & style = proxy default_frontend default_frontend & oe = UTF-8 The requirement that borrowers are legally resident in the United States is obviously a difficult obstacle for the millions of undocumented immigrants in this country. A small number of lenders trying to assess whether the lack of legal residence is an acceptable risk in mortgage lending, but lending to illegal residents is to understand the political issues that may be difficult to resolve.