Washington, DC - The League of United Latin American Citizens National Housing Commission (LNHC) today announced that it has received $25,000 from Countrywide Bank, FSB, the third largest federal savings bank in the U.S. and a member of the Countrywide (NYSE:CFC) family of companies. Countrywide Bank’s financial support will allow the National Housing Commission to continue to promote educational programs on home buying, foreclosure prevention, financial literacy, credit and other areas for Latinos, especially for young people and the elderly.
January 10, 2008
http://www.lulac.org/advocacy/press/2008/homebuyer.html
Showing posts with label home buyer. Show all posts
Showing posts with label home buyer. Show all posts
Wednesday, March 26, 2008
Wednesday, April 25, 2007
Credit & Mortgages for Undocument people
Americans for Legal Immigraton(http://www.alipac.us/article1676.html) DOES NOT want
Banks to offer credit cards or mortgage to undocumented U.S. residents. They are fighting banks like Bank of America, Citibank and others working with ACORN
(a housing advocate, www.acornhousing.org) to faciliate borrowers getting home loans using their Tax Payer Id. Number(ITIN).
Also Representative John T. Doolittle R-California has introduced a bill in Congress that would prohibit financial institutions from providing home mortgages to anyone who lacks a Social Security number. The bill (H.R. 480) would amend the Truth in
Lending Act to make ITIN mortgage lending illegal.
As a real estate professional this will hurt our industry especially in the current slow market conditions, it will hurt banks,
and of all will hurt consumers who need credit cards, mortgages in order to participate in modern society. Isn't this hurting all of us?
Banks to offer credit cards or mortgage to undocumented U.S. residents. They are fighting banks like Bank of America, Citibank and others working with ACORN
(a housing advocate, www.acornhousing.org) to faciliate borrowers getting home loans using their Tax Payer Id. Number(ITIN).
Also Representative John T. Doolittle R-California has introduced a bill in Congress that would prohibit financial institutions from providing home mortgages to anyone who lacks a Social Security number. The bill (H.R. 480) would amend the Truth in
Lending Act to make ITIN mortgage lending illegal.
As a real estate professional this will hurt our industry especially in the current slow market conditions, it will hurt banks,
and of all will hurt consumers who need credit cards, mortgages in order to participate in modern society. Isn't this hurting all of us?
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