Quote:
Originally Posted by Nebe
Its not that those areas are heavily populated by spanish speaking folks, its that congress- headed by barney fwank pushed banks to loosen rules to allow illegal aliens access to mortgages... or more specifically, people who were un able to show a steady income- (payed under the table, jobless, self employed- like myself, etc..) If someone could come up with a deposit and had good credit, they were easily eligible for a no income verification mortgage.
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BINGO !! we have a winner.
"Also, add to the fact that those areas are some of the most densely populated areas in the country "
not exactly, There are a lot of other densely populated areas that are not so blue.