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An Iowa Reader Exposes HUD`s Cover Up Of Alien Role In Mortgage Meltdown
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October 10, 2008, 05:00 AM
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10/09/08 - An Iowa Reader Says Illegal Immigration Great Fodder For Television Comedians

From: Dick Kryhoski (e-mail him)

Re: James Fulford`s Blog: Immigration and the Mortgage Meltdown—Michael Barone Almost Gets It

Maybe this item will help Barone see things more clearly/

In a report from KFYI radio in Phoenix, Arizona, numbers from the Department of Housing and Urban Development (HUD) indicate that more than 5 million illegal aliens hold mortgages.

These mortgages are spread out across the US and are a major factor in the financial crisis.

According to local Arizona sources, 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.  

This story should be in every paper and on every television newscast.

However, shortly after the story posted, KFYI pulled the link (it appears here, on a Google cached page.)

KFYI subsequently posted another version wherein HUD disputed the 5 million figure. When the station pressed HUD for an interview, the spokesman refused saying that there is "no way" it would discuss the illegal alien-mortgage connection.

Citing its source as a retired ICE agent, KFYI stands by its original story.

Lee`s previous letter about Iowa floods this summer is here.