Re:"Fake Chinese income" mortgages fuel Toronto real estate ...
by caseysoftware on Tuesday February 06, 2024 @01:33PM
(#39278407)
In the US, banks issue mortgages to illegal immigrants all the time. Last fall, the Biden Administration went as far as threatening banks who had refused.
> “This guidance reminds lenders that denying someone access to credit based solely on their actual or perceived immigrant status may violate federal law.”
> “This guidance reminds lenders that denying someone access to credit based solely on their actual or perceived immigrant status may violate federal law.”
Ref: https://www.justice.gov/opa/pr/justice-department-and-consum...