Massive Mortgage Fraud Discovered in H1 B Visa Market

“During the Biden administration, H-1B visa holders were buying houses with 97-100% financing. 97% would come from the FHA, with the rest coming from state first-time home buyer programs.”

That’s not mortgage fraud. That’s how the fha first time buyer program has always worked. It’s within the rules and those rules have been in place forever. My mortgage companies have done fha loans for 30 years. H1b visas are mostly given to Indians and they usually put down 20% when they buy to avoid the very expensive fha mortgage insurance. Hispanics blacks and poor whites use this program the most.

• This reply was modified 1 week, 5 days ago by BigBalls.

Gawd,  you’re a such a fake news cretin. There was no “massive mortgage fraud” as you said.

When you’re pressed about it you offer no proof only more stupid shet. These people got the same deal everyone gets, not any kind of special deal. And the loans given to visa holders are minuscule.

Thats why no one should believe anything you post.

Elon and Trump also agreed we need more H1b visa holders moron. American are too stupid according to them. If we use you as an example, they would be right.