/biz/ - Business & Finance

>>16664483
https://www.frontpagemag.com/fpm/2019/03/trump-stops-taxpayer-backed-mortgages-illegal-daniel-greenfield/
If it's paywalled, then try this instead: https://outline.com/Jd933D

> Trump Stops Taxpayer-Backed Mortgages for Illegal Aliens
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> March 26, 2019
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> How Democrats are taking the economy hostage to protect illegal aliens.
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> When Obama illegally implemented DACA, a program exempting certain illegal aliens from government action, they were also allowed to apply for FHA loans. How many illegal aliens obtained FHA loans?
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> In December, a letter from three Senate Democrats claimed that HUD barred “approximately 800,000 individuals approved for DACA from FHA-insured mortgage loans”. This refers to the total number of DACA illegal aliens and it’s unknown how many of them have obtained FHA loans in past years.
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> Ellie Mae’s millennial tracker estimated that the average size of an FHA loan to millennials is $186,454. Potential exposure to illegal alien mortgages could then climb as improbably high as $150 billion.
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> It’s unknown how many illegal aliens have taken out FHA loans, but some media stories have cited loan officers for whom illegal alien FHA loans represent a significant percentage of their business.