12 years before the Community Reinvestment Act and the push for low-income people to own homes, Lyndon Johnson signed the Hart-Celler Act, which was strongly supported by Ted Kennedy. This act dramatically changed US Immigration policy.  It replaced the Immigration Act of 1924, which favored immigrants from northern and western Europe. Proponents of the 1965 bill argued that immigration laws and quotas were discriminatory, and that American immigration policy should accept people not on the basis of their nationality. 
Kennedy stated at the time,  "First, our cities will not be flooded with a million immigrants annually..... Secondly, the ethnic mix of this country will not be upset.... Contrary to the charges in some quarters, (the bill) will not inundate America with immigrants from any one country or area, or the most populated and deprived nations of Africa and Asia.... The bill will not flood our cities with immigrants. It will not upset the ethnic mix of our society. It will not relax the standards of admission. It will not cause American workers to lose their jobs." 

Kennedy's claim was either incredibly naive or overly optimistic. The Kennedy-inspired initiative not only set the stage for a massive influx into the United States of immigrants, it also has changed the balance of power. Decades later, millions of immigrants – legal and illegal – continue to flood the U.S. 

 
The Democrats love the immigrant overload. It has been a boon to the Democratic Party and will enable them to have an electoral lock on the White House if the immigration trends continue. The illegal alien population will of course vote for the party that promises them the most goodies.

But it has also done something else… enter ACORN … In September, 2004 ACORN and Citigroup, the nation’s largest financial institution, announced a landmark partnership to eliminate barriers that hinder minority and immigrant households from becoming homeowners and accessing quality credit and banking services. As part of the agreement, Citibank agreed to: create a new mortgage product that will allow more immigrants, regardless of legal status, to become homeowners; create checking, savings and remittance products designed to serve immigrant families; provide low cost starter bank accounts to low-income families to help them access the Earned Income Tax Credit quickly and affordable; and improve their sub prime lending practices, including reductions in prepayment penalties’ cost and duration and capping points and fees at 3% of the loan amount.”

 
The Washington Post noted, almost as an afterthought, in a 2005 report: “Hispanics, the nation’s fastest-growing major ethnic or racial group, have been courted aggressively by real estate agents, mortgage brokers and programs for first-time buyers that offer help with closing costs. Ads proclaim: “Sin verificacionde ingresos ! Sin verificacion de documento !” — which loosely translates as, ‘Income tax forms are not required, nor are immigration papers.’”

Many sub prime loans were taken out by illegal aliens who had no business buying houses in this country. They climbed into debt over their heads just in time for a slowdown in the construction industry, in which many of them work.

Illegal immigrants were able to buy U.S. homes during the boom years, either by showing evidence that they pay taxes or by simply presenting false documents.

Many of them took out high interest fixed-rate loans or subprime mortgages with a low entry rate that later rose sharply. Experts say language difficulties made them more vulnerable to being offered, and taking, bad deals.

"They were more exposed to abuse," said Alejandra Louden of the Congressional Hispanic Caucus Institute's housing department, which carried out a recent study on Latino home loan foreclosures. "Documents were in English and explained in Spanish, and some vital explanation would be missing."

It’s no coincidence that most of the areas hardest hit by the foreclosure wave – Loudon County, Virginia, California’s Inland Empire, Stockton, San Joaquin Valley, Las Vegas, and Phoenix, for starters — also happen to be some of the nation’s largest illegal alien sanctuaries. Half of the mortgages to Hispanics are subprime (the shadiest credit histories). A quarter of all those subprime loans are in default and foreclosure.

NEXT comes healthcare for everyone including all the illegal aliens...good idea right?

Will this every end? Does anyone care beyond the end of their nose?