A reader responds to my perplexity at the riskiness of lending to illegals: “No, their risk assessment is that if the illegals get deported they get all the money already paid plus the underlying asset — the house. Best of all, it’s a clean foreclosure, no one remains to fight for the house!” Maybe this is what a bank spokesman meant by “huge untapped reservoir of opportunity.”
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About the Author
Mark Krikorian is the executive director of the Center for Immigration Studies.
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