According to an article in Dos Mundos, illegal immigrants in Kansas City, Missouri who have used false social security numbers or employer identification numbers in order to qualify for federally backed mortgages are being indicted and deported. The federal attention is attributed to laws enacted in response to 9/11 require require financial institutions to scrutinize loan applications more closely and verify Social Security or Individual Taxpayer Identification numbers. While some of the immigrants knowing provided false identification in order to obtain home ownership, other loans are attributed to "unscrupulous realtors or loan officers."
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FHA Crackdown on False Social Security Numbers used for Mortgages
Tuesday, March 22 2005 02:58
Illegal Immigrants can be Indicted or Deported
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Rachel Dollar, the editor of Mortgage Fraud Blog is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors.
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