Why does Bank of America and Wells fargo loan vast amounts of monies to illegal aliens?

Question

Why is it so diffiuclt for the average American to qualify for a
home loan at Bank of America? Yet, 80% of illegal aliens qualify,
with 4 and 5 families on the title.Why won't Bank of America and
Wells fargo...treat Americans with respect?

Answer 1

I understand what you mean.

Here's what they do, the immigrant becomes a citizen and then he takes money from his illegal family members and makes thousand in deposits and then qualifies for loans. Meanwhile you put only hundreds in your account and look like a loser because this immigrant has 20 people contributing to 1 account.

Godd luck with your bank.

Answer 2

No idea where you get your numbers from. Fact is, banking laws require the bank to positively identify the customer. Most illegals can't meet that identification requirement. SS numbers are also normally required for tax purposes.

You may well be confusing illegal aliens with legal immigrants. Legal immigrants have all the rights of US citizens, except suffrage and the right to hold public office.

Answer 3

I am not sure where you got your numbers, but I am pretty sure it is exaggerated. It is illegal to refuse to loan money to someone because of race or ethnicity. Loan decisions are based on your credit rating.

And, it isn't hard for the average American to get credit. That is why we have the largest amount of personal debt of any other country.... and why I will always have job security as a Credit Manager

Answer 4

It is all a matter of equity into the deal and or your fico score! As long as it's a safe deal for the bank they are going to do it to make more $$$$$.

Answer 5

they have more money and which smericans you mean the continent of america have many countries

Answer 6

Where did you get those numbers?

Answer 7

I don't know