HUD: Five Million Fraudulent Mortgages Held by Illegals

As most of us have lost many years’ worth of 401k contributions due to the efforts of those in congress to give mortgages to those who don’t qualify, now comes this:

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

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.

It's not known how many of those have contributed to the subprime housing mortgage meltdown, but it has affected every state......