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Banks Find Mortgage Clientele in Undocumented Immigrants

Banks Find Mortgage Clientele in Undocumented Immigrants
Their lender, Mitchell Bank, hasn't had a single late payment or delinquency on the $3.5 million of ITIN mortgage loans it has made since 2000, said James Maloney, chairman. "These are our best-performing assets," he said. "These are folks who are appreciative of the fact that we're willing to take a chance on them."

Others offering the loans include Neighborhood Housing Services of America based in Oakland, Calif., Banco Popular in Houston, and the Self-Help Credit Union based in Durham, N.C.

Second Federal Savings of Chicago has made $90 million of ITIN loans in the past nine months, said Mark Doyle, chief executive.

Google Search:

Google Search:: "Immigrants get mortgage help
Seattle Post Intelligencer - 4 hours ago
By HOLDEN LEWIS. A family who wants to pool money to make a down payment? That's just fine. A borrower who is in the United States illegally? ..."

Google Search: ITIN loans

Google Search: ITIN loans: "Mortgage Grapevine - BrokerUniverseITIN Loans. Anybody know of any lenders doing the Individual Tax ID loans in Okla.? by jtow March 3, 2005 ... American Home Mortgage does the ITIN program."

Fill Out Application for IRS Individual Taxpayer Identification Number (IRS Form W-7) On-line

Fill Out Application for IRS Individual Taxpayer Identification Number (IRS Form W-7) On-line: "FormsAssistant.com server-based software allows you to fill out IRS Application for IRS Individual Taxpayer Identification Number (Form W-7) on-line. "

Calyx Software

Calyx Software