ACORN’s illegal alien home loan racket
My column today blasts ACORN Housing Corporation’s criminal-enabling home loan program for illegal aliens. To paraphrase Jon Stewart: Where the hell is everyone?
AHC is one of the endless non-profit arms of ACORN. Their response to the BigGovernment.com sting videos hasn’t received as much attention as the national ACORN flagship’s. You can read AHC’s CYA reaction here.
***

ACORN’s illegal alien home loan racket
by Michelle Malkin
Creators Syndicate
Copyright 2009
There’s one thing more shocking than the illegal alien smuggling advice that an ACORN official in San Diego gave undercover journalists James O’Keefe and Hannah Giles. It’s the illegal alien criminal racket that ACORN has already been operating with the full knowledge of the U.S. government.
On Wednesday, O’Keefe and Giles published the fifth in a series of BigGovernment.com sting videos. ACORN official Juan Carlos Vera coached the pimp-and-prostitute-posing pair on how best to pull off a border-busting smuggling operation. It would be “better from Tijuana,” he counseled on videotape. Carlos Vera then generously offered the investigative couple his Mexican “contacts” to bring 12 illegal alien girls into the country for prostitution.
GOP California Gov. Arnold Schwarzenegger now wants an investigation. But neither the Terminator nor any other California public officials raised a peep when the very same San Diego ACORN office publicly announced a partnership with Citibank to secure home loans for illegal aliens. In 2005, Citibank and ACORN Housing Corporation – which has received tens of millions of tax dollars under the Bush administration alone — began recruiting Mexican illegal aliens for a lucrative program offering loans with below-market interest rates, down-payment assistance and no mortgage insurance requirements. Instead of Social Security numbers required of law-abiding citizens, the program allows illegal alien applicants to supply loosely-monitored tax identification numbers issued by the IRS.
The San Diego Union-Tribune reported that “undocumented residents” comprise a vast market representing a potential sum of “$44 billion in mortgages.” Citibank enlarged its portfolio of subprime and other risky loans. ACORN enlarged its membership rolls. The program now operates in Miami; New York City; Jersey City, N.J.; Baltimore; Washington, D.C.; Chicago; Bridgeport, Conn., and at all of ACORN Housing’s 12 California offices. San Diego ACORN officials advised illegal alien recruits that their bank partners would take applicants who had little or no credit, or even “nontraditional records of credit, such as utility payments and documentation of private loan payments.”
The risk the banks bear is the price they pay to keep ACORN protesters and Hispanic lobbyists from the National Council of La Raza screaming about “predatory lending” off their backs. These professional grievance-mongers have turned the 1977 Community Reinvestment Act – which forced lenders to sacrifice underwriting standards for “diversity” – into lucrative “business” opportunities. Or rather, politically correct blackmail. As the Consumer Rights League noted in a 2008 report on the group’s successful shakedowns of financial institutions, “an agreement with Citibank, a significant ACORN donor and partner, showed that some activists become less active when deals are in place.”
In the wake of the sting videos, ACORN officials are making a great show of clamoring for “reform.” ACORN chief executive Bertha Lewis blamed the debacles across the country on the “indefensible action of a handful of our employees.” But the corruption is systemic. ACORN has long thrown rank-and-file operatives under the bus to cover for its management’s indefensible conduct. And ACORN’s highly-touted advisory watchdogs include inherently conflicted foxes guarding the henhouse:
ACORN advisory council member Henry Cisneros resigned from his post as Clinton HUD Secretary after lying to FBI agents about payments to a former mistress.
ACORN advisory council member Andy Stern is president of the SEIU, the Big Labor organization plagued by embezzlement scandals and inextricably linked to ACORN’s disgraced founder Wade Rathke. (And see my document drop here on ACORN’s “nurturing” of SEIU Local 100.)
And ACORN advisory council member Eric Eve of Citigroup is a champion of the ACORN/Citibank illegal alien loan program that openly undermines immigration laws and integrity in banking.
The truth is more sordid than any fictional scenarios caught on tape: ACORN is a criminal enterprise.
See what others have said
Note from Michelle: This section is for comments from michellemalkin.com's community of registered readers. Please don't assume that I agree with or endorse any particular comment just because I let it stand. A reminder: Anyone who fails to comply with my terms of use may lose his or her posting privilege.
Comments
You must be logged in to post a comment.
On Capitol Hill today: Union members testify against forced dues racket
February 8, 2012 09:44 AM by Michelle Malkin
36 CommentsFast and Furious showdown: Holder/Obama defend bloody culture of contempt; Update: Fortress Holder, Stonewall City; vid clips added, Dems advise, “Don’t answer”
February 2, 2012 09:16 AM by Michelle Malkin
158 CommentsObama and Jan Brewer Have Words on Airport Tarmac; Update: Brewer Book Sales Skyrocket
January 25, 2012 09:54 PM by Doug Powers
165 CommentsGingrich channels open-borders SEIU; Rubio rebukes; Update:Newt retreats
January 25, 2012 10:56 AM by Michelle Malkin
155 CommentsObama heads to Disney World to push looser visa policies
January 17, 2012 01:14 PM by Michelle Malkin
95 CommentsObama’s “Razist” Lobbyist Moves Up
January 13, 2012 06:29 AM by Michelle Malkin
233 CommentsThe Year in Obama Scandals — and Scandal Deniers
December 28, 2011 12:04 PM by Michelle Malkin
122 CommentsMichelle Obama’s Unsavory School Lunch Flop
December 21, 2011 11:05 AM by Michelle Malkin
206 CommentsWhite House withdraws Craig Becker/NLRB nomination
December 15, 2011 02:57 PM by Michelle Malkin
20 Comments
Categories: ACORN Watch,Immigration,SEIU
Redstate
» Morning Briefing for February 14, 2012
Pundit & Pundette
» Bishop Jenky, Nicki Minaj, and the "98%"
Sister Toldjah
» Obama’s new budget is a bad joke



JustOneMinute
» We Hear From The Department Of Good Ideas And False Choices











OKAY!!! I think I have had it. Not only can I not do a damned thing without a SS card, I have to pay taxes and the IRS is trumping up numbers they say I owe that ammount to more than I earned in 2005. All the while this gooberment is making it better to be an illegal. And, pardon me chap but, hell yes they WILL get free health care IN Obamacare even if it is NOT IN THERE NOW!!!
Man does this piss me off. Sure does not “pay” to be a good citizen these days.
Oh, good column Michelle.
This article needs to be sent to every republican member of the Senate and the House.
We can’t stop with the Pimp Video and ACORN’s promise to “reform”.
ACORN needs to be shut down completely. Nothing less can be acceptable. If left intact, they will continue to subvert our laws, extort banks and do everything in their power to rig elections.
Send the text of this article and a link. Either from here or the Creators Syndicate site.
They need to be made aware of it and made to take the same action on this non-sense as they are doing with Project Pimp.
Great reminders of past corruption as well. As I said on my own blog today, it can’t be just ACORN that’s defunded. It has to be EVERY SINGLE AFFILIATE. That means ACORN Housing, and Project Vote, and SEIU, and everything else.
Just how much evidence does the world need before SOMEBODY pursues the prosecution of ACORN and it’s Democrat enablers?
got a typo in there:
Question for Michelle or anyone else who may know:
Any relationship with this AHC? :
http://www.washingtonexaminer.com/local/Local-homeowners-irked-as-counties-muscle-in-on-market-42691427.html
“Obama gonna buy me a crib!”
Citi has paid the price as have their shareholders. Its stock has lost over 90% of its value. It is now conducting a reverse split to make it look like a $40/share stock, not the 4$ it really is. Shareholders should let the Board of Directors know how they feel about Citi’s malfeasence.
We can’t undo the past, but we can surely put and end to paying blackmail to corrupt organiztions.
That ACORN is a criminal enterprise is nothing new to anyone paying attention-that it took Glenn Beck and Michelle Malkin to bring it to national attention is shameful. Nevada has been investigating-brought charges and King and Pierce Counties Washington State have brought voter fraud charges. But the greater and long term shake downs and mortgage frauds have been ignored by one Federal Government Administration after another. And THAT is where I fear the charge of RACISM might stick:
Where was the outrage when earlier white Presidents and Attorney Generals where letting ACORN slide? Those earlier white Presidents and Attorney Generals where letting ACORN slide to avoid the charge of racism and perhaps were a bit too lazy to do the work necessary–it was easier to pay off ACORN with Federal-OUR-money.
Yes quite a few, perhaps all, ACORN officials need to be investigated and have their funds cut off and tax exemption lost. Bank of America needs to do some ‘splaining. And so do some past Republican and Democrat Presidents.
Time Magazine/Time Warner/CNN is ripping into “Mad Man” Glenn Beck-hopefully MachineGum Michelle Malkin will be next-you have really arrived when Time Magazine/Time Warner/CNN is upset with you
Wow, our hostess has been doing her homework. Great work Michelle.
the criminal infested organization called acorn needs to be investigated by the FBI and all parties found liable prosecuted and put in jail for a very long time, to include politicians, former and current.
This has been going on for a very long time – One look at San Diego is enough. i worked there from 2003 to 2007 and the average price of a home was 350K and up. The people that were buying looked like they could not afford a trailer.
Amen.
Perhaps we have uncovered one of the reasons property is priced as it is in illegal alien infested California? Could it be hidden costs to keep cash funneled into the state “housing project”?
great column mm. now where is the democrat angry enough over our lost revenue due to the illegal housing fiasco to bring rico charges against acorn and seiu? a few dems along with the rinos could close this cesspool down and begin to restore our faith in congress that they are indeed working for us and not for the grifters and crooks who prop up their campaigns.
Don’t you just love the way politicians come out for investigations only after corruption is made blatantly public?
Phhht.
RWR
http://www.rightwingrocker.com
And now that South Side Barry’s right arm has been cut off on illegal immigrant processing, and despite labeling Joe Wilson as a liar for calling him out on health care coverage for illegals, Barry is now on the hustings calling for legalizing the illegals if for no other reason than to get them qualified for Obamacare.
Let’s call it dissembling. Or maybe it’s an AC/DC issue with his telewhopperprompter.
Actually, IMHO, it’s vastly overvalued at $4. I did make a lot of money on the stock at one time, but I’d never own it now.
jangar said:
My wife and I both worked and had a combined income of 120K. We could not qualify for anything. It was no joke, B of A was one bank that advertised to Illegals for home loans. That and ACORN and LaRaza etc also. We just shook our heads and wondered when that whole house of cards would inplode and it did but took all of us down with it.
Me thinks the gubmint done Madoff with our money in more ways than one.
Wow … “going Madoff” … I like it!
Kinda like “going postal” but with money instead of violence!
RWR
http://www.rightwingrocker.com
haha yes I know you meant they Made off … but it’s still perfect.
RWR
http://www.rightwingrocker.com
Illegal Aliens and Obamare: No the New and Improved Obamare will NOT provide Obamare to illegals-no people are illegal because Obama said so.
The Washington Times
Work hard, work long: you have taxes to pay.
This will make you laugh. The South Flordia Sun Sentinel,one of the many Old media outlets who just could not seem to find out anything about ACORN, was able to do some “investigative” work. Not on ACORN, but Hannah Giles:
This just goes to show that if they have the will to find information they can, but when they dont they all do the Ostrich manuever.
Jangar & NO2:
Spot on. This is the opportunity to put a stake in the heart of this vampire. The communist wing of the Democrat party can be crushed once and for all. This is a Watergate moment and much easier to prosecute, with plenty of people willing to testify. We need to keep the pressure on until the festering boil that is American communism, ruptures. I’m hopeful Obama, Frank, Dodd and scores of others could be doing hard time in two to three years from now.
The biggest problem is that the statists have secured near complete control of the broadcast and print media (per Communist Manifesto stratagy) making communication of truth to the drone electorate very problematic.
I don’t understand why all of ACORN’s (and affiliates) bank accounts haven’t been froze/seized, pending a FULL investigation by an outside (meaning Holder not involved) group of forensic accountants.
These guys are making Al Capone look like an amateur.
This is why Obama, members of congress as well as the bankers need to be aggressively prosecuted. They had to work hand-in-glove to pull off the fraud.
The idiots assumed that the scale of the federal budget could hide their fraud and they could slide on by without detection. As with the downfall of all criminals, their hubris and greed caught up with them. They got caught runiing back and forth from vomitorium to banquet table.
If we can’t get large scale indictments from this then the system really is unredeemable.
Michelle is exposing these phony baloney groups that are working for “justice”. They are not only being funded by our government but also by many many churches for billions of dollars in charity donations. Just the other night at a meeting one lady was arguing that it was wrong of Bishop not to allow Obama’s address to schools in diocese. She had never heard or read about the lesson plan accompanying it and healthcare plans would fund abortions. She depended on network news and the St Louis Post Dispatch for her news sources.
Go Michelle Go!
Quote from 2008 campaign… “With BARRACK in there I won’t have to worry about my mortgage, or buying gas”… To quote further, from “ALICE IN WONDERLAND”… “Curiouser, and curiouser”…
And Obama thought that there was an uproar over his proposal for Obama care. If he is so stupid as to propose an amnesty for illegals, he ain’t seen nothing yet! Up until now, the torches and pitchforks have not come out with the angry mobs.
good question…too many congress critters might get caught along with too many in the current administration maybe?
toss acorn and the illegals back across the border….
Telewhopperprompter! If I could insert a Smily Face I would do it for this!!!
How about a ‘gang of six’ congress people!
All with first hand knowledge (saw and/or allowed and/or involved in corruption) to blow the whistle on ACORN and all the funneling of money across organizations/companies etc.
Get immunity, go to jail whatever, they’d be heroes to over half of the American people. And maybe be able to sleep at night.
Looks like Obama and his administration are knee-deep in corruption, with ACORN as their ‘workers.’ Keep up the good work, Michelle. At least our former allies in Eastern Europe now can understand that their missile defense was canceled so that Obama and ACORN could spend the money on social entitlement schemes. Just when you think it is getting worse, it gets to be worst ever…
Well, if Obama and his menions have their way, it will not be illegal, and so much for illegals not getting health care, make them legal.
http://washingtontimes.com/news/2009/sep/18/obama-ties-immigration-to-health-care-battle/?feat=home_cube_position1
Before the TARP mess, why didn’t the establishment/legecy media report ACORN corruption (when the Booosh administration was in power)???
You would think they would have loved to report it then.
Why is the last sentence different in the versions at Creators and Jewish World Review? “ACORN is a
criminalcorrupt enterprise.”I have had so much fun the last few days watching ABC News do everything they can to avoid any mention of ACORN.
I turn on GMA each morning just to see their promo lead ins. After the “murder of the bride,” healthcare, and other major stories they almost resort to, “Lost dog returned in Boise,” to avoid any mention of ACORN.
I firmly believe that the MSM is willing to destroy itself, because if the investigation of ACORN leads to its logical source, the address will be 1600 Penn. Avenue.
It’s not the crime, it’s the coverup that destroys them in the end.
To me, this is a much bigger issue than the others uncovered by O’Keefe and Giles.
I am glad the other things were uncovered since it brought ObamACORN under the microscope, but this issue should be thoroughly investigated more than any other.
What banking fraud laws were committed by Citibank? What other laws were broken in their greed? What laws were broken by Fannie or Freddie? Did they know they were receiving fraudulent paper from Citibank?
I want to know exactly how many mortgages have been provided where only a tax identification number were allowed, and how many of those went into default.
If you recall, banks across the country were clamoring for illegal alien business stating they would accept the Matricula Consular card to open accounts. One bank in Milwaukee publicly advertised accepting the MC card in providing loans, including mortgages.
So, how many of these illegal alien mortgages went into default, and what impact did they have on the current housing mess?
How much federal tax money was given to banks in “stimulus” or bailouts to cover their losses due to these mortgages?
Enforce the damn law!
Without a willing accomplice….
As long as they (the Board of Citibank) are not held accountable under the law, the price is small to the Board, but larger to shareholders.
Those in official positions at Citibank reaped the rewards of ripping off the taxpayers for years until the housing market tanked. How much did they make in comparison to what they lost in stock value?
Michelle,
Thank you for your hard work. PLEASE keep up the hard work. I appreciate you. America appreciates you.
Sincerely,
Oink
Heh, I’ve also heard Teh-Lie-Prompter
Instead, we have gangs of nitwits in Congress trying to figure how to screw us even more.
They didn’t report it because they are a far-left organization only interested in helping the left any way they could, including stuffing ballot boxes to get more leftists in power.
Its about time to get rid of my Citibank Mastercard. Small well-managed local banks are the way to go, I’ve just been slow about changing my banking and credit habits. Because of this news, I think now is the time.
Errah can we now get rid of motor “si se pueda” illegal alien voter??!!
How about complaining to the (acting) CEO of National & Community Service, Nicola Goren, about putting our tax dollars to work referring volunteers to ACORN jobs?
Nicola’s TEL is 202-606-5000, x6676.
I just left a message asking why she is spending my tax money referring volunteers to ACORN, and asked if she supports underage prostitution.
http://www.nationalservice.gov/about/contact/index.asp
I know its off topic, but has anybody noticed the fighter jets flying around all morning south of Denver?
I wonder if its because today that Afgani living in here in Colorado admitted to having ties with terrorists. Or maybe Biden is in town.
***
A real estate broker lady I know said that there were lots of home loans being made to Hispanic people with invalid Social “Security” numbers. And without any down payment needed–and no credit checks either. Yes–they were ARM’s–and a lot of these homes are foreclosed now.
***
I don’t see how Michell Malkin has time to sleep. Between mining the news, investigating, writing, blogging, traveling, appearing on Fox channel shows, raising a family, taking care of her husband–she must do 30 hours a day 24 / 7 / 365.
***
GREAT JOB!
***
John Bibb
***
rocketman said:
A La San Diego Rocketman
BTW Communist State: If you disagree with MM, you must be a sexist.
Treason!
Excellent column, Michelle Malkin, excellent.
There must be very reasonable aspects in this taxpayer-subsidizing-home-mortgages scheme for a RICO case. SEIU, ACORN, Citi, and all the other players like Fannie/Freddie directors and associated Congress members who looked the other way.
I strongly doubt that current AG Holder would or could ever present such a case but for future purposes when someone more level is in the AG office, I do believe there is just a wildfire present among this group of “associates” to represent guilt in what is likely the largest RICO crime wave ever identified in the U.S.
And what is a bank’s legal recourse if an illegal alien skips on a loan?
Especially those loans that look more like unsecured loans than not?
Anyone know the former Citi guy who Obama has implanted among his Czars (or Administration, otherwise)? As I briefly recall, the guy was the same one who was Chair or such of Citi when Obama sued Citi in Chicago, who made a deal with that lawsuit (caved to the suit’s demands) and Obama has since rewarded the guy with a job in D.C.
Hey Michelle–how many weeks are you up to as #1 New York Times bestselling book for Culture of Corruption?
What do they care if the loan was resold to Fannie/Freddie before the ink was dry on the original loan?
I live in San Diego County, and it’s a shame what the mortgage fraud and illegal alien pandering has done to this area. A real shame… Thanks a bunch to all the pandering pols and the ACORN-holes for really running a wonderful area into the ground. Please…can we get rid of “motor voter” registration and require a valid I.D. to vote?
But….but….who else knows how to rig an election…what is going to happen to all the dead and non-citizens?…this could be embarrassing …the voter turn out could drop below 35%…somebody is going to have to find living citizens, of the United States, to fill in the gap, and who knows what might happen?…California might go republican….is anybody ready for THAT!!! Think people Think
MM:
DNC promises ‘rain of hellfire’, Just read it on Politico. Choise for a post, myself, Have I died and ended up in North Korea somehow?
There ya go.
FIFY
Happy Talk Like a Pirate Day!
OK, now the failout banks are giving loans to the terrorists.
http://www.freerepublic.com/focus/f-news/2343869/posts