Mortgage Company Exploits Immigration Crisis, Undermines Sovereignty
Submitted by MAGA
Posted 6 days ago
In a blatant display of disregard for American sovereignty, a mortgage company is reportedly capitalizing on the influx of illegal immigrants by offering them home loans without the requirement of legal status.
Prysma Lending, a firm that has doled out over a billion dollars in loans, openly targets illegal aliens, emphasizing its commitment to "empower" the Latino community.
This troubling trend comes on the heels of President Donald Trump’s previous administration, which rightly sought to ban such practices and mitigate the financial incentives for illegal immigration.
Despite these efforts, Prysma continues to operate its business model by catering specifically to those lacking social security numbers or credit histories, flaunting a policy that some experts believe will only encourage illegal immigration further.
Monica Serva, the president of Prysma, claims that her company is designed to help minorities achieve their dream of homeownership.
However, critics argue that this business approach undermines legal frameworks and provides a financial foothold for those who have violated immigration laws.
The firm's promotional materials boldly state that “no Social Security or Green Card required,” and offer explicit guidance to undocumented individuals on how to secure loans without arousing suspicion of their illegal status.
Experts from the Federation for American Immigration Reform have pointed out the long-term consequences of allowing illegal immigrants access to mortgages, suggesting that it incentivizes them to stay in the country rather than seek legal paths to residence.
Furthermore, the use of Individual Taxpayer Identification Numbers (ITINs) as a workaround highlights a growing trend where illegal aliens can bypass traditional financing channels, thus challenging the integrity of America's housing market.
In response to these developments, Congress is urged to establish a clear national standard that prohibits financial institutions from offering loans to those who do not legally reside in the country.
As the Biden administration remains silent on the repercussions of such lending practices, one must recall President Trump's promise to enact stringent measures against illegal immigration.
This issue brings to light the critical need for a reinforced border and an enforcement of immigration laws to safeguard American jobs and communities.
Without strong leadership to address these challenges, there is a risk that companies like Prysma will continue to flourish at the expense of American citizens.
Sources:
dailywire.com
thefederalist.com
thefederalist.com
Prysma Lending, a firm that has doled out over a billion dollars in loans, openly targets illegal aliens, emphasizing its commitment to "empower" the Latino community.
This troubling trend comes on the heels of President Donald Trump’s previous administration, which rightly sought to ban such practices and mitigate the financial incentives for illegal immigration.
Despite these efforts, Prysma continues to operate its business model by catering specifically to those lacking social security numbers or credit histories, flaunting a policy that some experts believe will only encourage illegal immigration further.
Monica Serva, the president of Prysma, claims that her company is designed to help minorities achieve their dream of homeownership.
However, critics argue that this business approach undermines legal frameworks and provides a financial foothold for those who have violated immigration laws.
The firm's promotional materials boldly state that “no Social Security or Green Card required,” and offer explicit guidance to undocumented individuals on how to secure loans without arousing suspicion of their illegal status.
Experts from the Federation for American Immigration Reform have pointed out the long-term consequences of allowing illegal immigrants access to mortgages, suggesting that it incentivizes them to stay in the country rather than seek legal paths to residence.
Furthermore, the use of Individual Taxpayer Identification Numbers (ITINs) as a workaround highlights a growing trend where illegal aliens can bypass traditional financing channels, thus challenging the integrity of America's housing market.
In response to these developments, Congress is urged to establish a clear national standard that prohibits financial institutions from offering loans to those who do not legally reside in the country.
As the Biden administration remains silent on the repercussions of such lending practices, one must recall President Trump's promise to enact stringent measures against illegal immigration.
This issue brings to light the critical need for a reinforced border and an enforcement of immigration laws to safeguard American jobs and communities.
Without strong leadership to address these challenges, there is a risk that companies like Prysma will continue to flourish at the expense of American citizens.
Sources:
dailywire.com
thefederalist.com
thefederalist.com
Latest News