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It is undeniable the issue of immigration became one of the most significant economic themes during the housing boom. Under the guise of immigration reform, a 2004 study was conduct by The Immigration Policy Center of the American Immigration Law Foundation for NAHREP. Rob Paral & Associates performed the study. Paral was a research fellow with the Immigration Policy Center, though the report was performed outside his duties at the center. The report asserted that nearly a quarter of a million undocumented immigrant households in the US could become homeowners if barriers such as identification, legalization, traditional credit requirements and language were no longer an issue.
Presenting the study, Tim Sandos, president of the NAHREP – a group made up of Latino and non-Latino representatives of banks, real estate firms, developers, homebuilders and real estate service providers – advocated that if the mortgage companies made greater use of ITIN, $44 billion in new mortgages – primarily to first-time buyers – could be originated.
Leaders from the corporate arena applauded the findings of the study, particularly those in the industries that are challenged with developing initiatives for the under-served market. Making matters worse, their interest in immigration reform was never out of altruism but out greed. Once in the hands of the mortgage lending industry, subprime loans became predatory loans – a faulty product that was ruthlessly hawked even though financial institutions were aware of its defects. The spillover effect from theses wholesale bad loans, communities have been torn apart, with one house after another in a neighborhood becoming vacant and property values deteriorating by thousands of dollars.
It is unfortunate civil rights organization like Congressional Hispanic Caucus Institute, National Council of La Raza and Immigration Policy Center of the American Immigration Law Foundation pushed for these lending practices, which has made a mockery of the American dream and has ruined many economic lives and many communities. What was supposed to be a financial product intended for limited use by a limited number of people has been parlayed into another ill-fated bubble by mortgage lenders lacking the integrity, foresight, and any vestige of civic concern.
Well I don't know what your point is, is it US citizens that vote for him, or the undocumented?????
No, it means that far too many Hispanic citizens will continue to elect Hispanics to office based on like ethnic connection. They are ethnocentric to the core. Who are the "undocumented" by the way? There is no such legal term.
No, it means that far too many Hispanic citizens will continue to elect Hispanics to office based on like ethnic connection. They are ethnocentric to the core. Who are the "undocumented" by the way? There is no such legal term.
Yeah, but isn't that's what happens all over the US for the three main ethnic groups in the USA; anglos, spanish, and AA?????
No, it means that far too many Hispanic citizens will continue to elect Hispanics to office based on like ethnic connection. They are ethnocentric to the core. Who are the "undocumented" by the way? There is no such legal term.
La Raza is assisting the Mexican drug cartels in getting their politicians elected in this country. It's all about money and power. The open border obviously benefits the Mexican drug lords most of all.
Mexican drug cartels are helping elect and influence politicians in U.S. communities to advance their criminal activities, an expert on international gangs alleged.
Richard Valdemar, a retired California law enforcement officer, said authorities in California gathered intelligence showing that the cartels are corrupting American politicians to gain a foothold in the Southwestern United States.
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