HUD: Five Million Fraudulent Mortgages Held by Illegals

Some five million fraudulent home mortgages are in the hands of illegal aliens, according to the U.S. Department of Housing and Urban Development.

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The problem began years ago when banks were forced to give mortgages without confirming social security numbers or borrower identification. {snip}

One illegal alien was arrested this year in Tucson after allegedly using a stolen social security number to buy two homes and rack up over $780,000 in bad debt.