Tuesday, August 09, 2005

Illegal Immigrants as Homeowners in US

A story in today's LA Times looks at loan products that are making home ownership possible for illegal immigrants:
Across the country, particularly in Texas and parts of the Midwest, hundreds of illegal immigrants have bought homes using special lending programs that bypass the need for a Social Security number. Now, with backing from some of the country's largest financial institutions, this newest effort to tap customers for the real estate market is moving to the nation's largest concentration of illegal immigrants — California.