Marchant Unveils “Mortgage E-Verify Act”

Washington, D.C. - February 5, 2010 - (RealEstateRama) — Congressman Kenny Marchant (TX-24) issued the following release today after unveiling his new bill, H.R. 4586 the Mortgage E-Verify Act.

“As a member of the House Financial Services Committee, I am happy to introduce my bill, the Mortgage E-Verify Act, which would require, as a condition for modification of a home mortgage loan held by Fannie Mae or Freddie Mac or insured by the Federal Housing Administration (FHA), that the mortgagor be verified under the E-Verify program. My bill will potentially save millions by cutting down on fraudulent claims from illegal immigrants and protect taxpayers from subsidizing the restructuring or renegotiation mortgages of illegal immigrants.

“E-Verify is a fantastic program which I have supported making permanent for employers. Mandating its use as a condition for home mortgage loan modifications would help eliminate waste, fraud, and abuse in the system and bring integrity to the process. In fact, the Treasury Department’s Financial Crimes Enforcement division (FinCEN) estimates that mortgage fraud increased 1,411 percent from 1997 to 2005. Furthermore, two-thirds of fraud reports in the last decade are due to falsified statements on loan documents. My bill would curb these abuses and protect the taxpayers.”

There was a major case in Nevada where a mortgage company branch manager conspired to manufacture and submit false employment and income documentation for borrowers, most of whom were illegal immigrants. Fifty-eight of the 233 fraudulent FHA loans totaling $6.2 million have, not surprisingly, gone into default, costing HUD nearly $2 million. The branch manager was found guilty on 32 counts of submitting false information to HUD, and one count of conspiracy.



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In a Statement by Department of Homeland Security (DHS) Secretary Janet Napolitano, when addressing the Senate Judiciary Committee in December 2009– CORRECT? The guarantee was that Obama government had already made successful steps in securing our borders, thus moving us one stride nearer to “Comprehensive Immigration Reform.” Her main objective was to influence these politicians, that by stating, ” Our efforts are achieving their desired results at the border. . . . In short, the security of our southwest border has been transformed.” As proof of this incredulous optimistic pledge, DHS Secretary advised to a decline in the number of illegal aliens apprehended along the border, adding, Apprehensions of illegal aliens at the border have dropped to their lowest levels in decades, signaling reduced traffic flows and fewer attempts to illegally enter the United States.” ROSEMARY JENKS is the Director, Government Relations for NumbersUSA, who visited with Border Patrol Agents in the Tucson Sector in mid-October of 2009 and asked if they believe the official DHS statement that three illegal aliens successfully enter the United States for every one who is apprehended, they laughed. The reality, they said, is that 10 or more get through for every one who is caught. That was two months before Napolitano shared her revelation with the Senate Judiciary Committee.

So if Rosemary Jenks research is correct, then what she says is astounding, ” Meaning that illegal aliens successfully penetrated our borders more than 5.5 million times in FY 2009. That doesn’t sound much like a “transformation” to me.” she admonished. In DHS Secretary world, however, this transformation explains why she has asked Congress for $11.6 million less in funding for “border security between ports of entry” and for $225.8 million less in funding for “border fencing, infrastructure, and technology” for FY 2011. In other words Janet Napolitano–NOT A FRIEND–of the American Worker, but has become a puppet of the open border extremists. Only the relentless pressure by the voting public on–ALL–spineless politicians by calling the Capitol Switchboard at 202-224-3121. Call your state legislators as well, as all states are heavily overburdened with the illegal immigration invasion, that cost taxpayers billions annually.From all lawmakers we must demand a permanent E-Verify for every business nationwide, to restrict illegal labor. To federally deputize every police officer, empowering them to arrest and detain illegal immigrants wherever they may be. Institute a larger force of ICE agents to audit any business that is under suspicion for using foreign nationals in their labor force. E-Verify as a very successful immigration enforcement tool, could also be used to reveal unethical mortgagees, people using fraudulent documents in applying for drivers licenses, car registrations and even health care benefits? Don’t let Sen Harry Reid, Speaker Pelosi, Sen.Chuck Schumer underfund the fence, the US Border Patrol or any immigration enforcement. THIS MIGHT JUST BE A FOREBODING OF AN OUTRAGEOUS EFFORT TO FORCE THROUGH COMPREHENSIVE IMMIGRATION REFORM. Get the facts not propaganda at NUMBERSUSA & JUDICIAL WATCH.

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