Anonymous
12/03/2025 12:59
Subject: What happens when ICE deports people with debt?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:It never made sense to give mortgages to people on Visas like the H-1B.
The Trump administration thankfully banned the practice:
https://bankingjournal.aba.com/2025/03/trump-administration-eliminates-fha-loan-eligibility-for-non-permanent-residents/?utm_source=chatgpt.com
H-1B holders are still eligible for the much more popular conventional financing along with many other types of alternative mortgage financing products but nice try with your ignorant comment.
They aren't government backed. It's up to the lender if they want to give a temporary resident a loan.
Can't say I'd recommend it. Pretty dumb. I don't get it if they do. Isn't temporary stamped on their Visa?
Fannie and Freddie purchase loans with H1B borrowers being eligible per their guidelines. The default rates are lower with H1B holders. Why would they have overlays to make it more difficult for borrowers with lower default rates to get financing?
It's there business I suppose. Pretty dumb though considering. 30year mortgage with a 3year visa.
It would only be "dumb" if the loan default rates were higher among borrowers with H1B status. There is a science behind mortgage eligibility guidelines dimwit.
In other news scientist grappling with the term "temporary" and "immigration".
You see these are "scientific" phenomena, they're more like government policy.
Scientist have yet to be able to categorize people that don't have permanent residence. What are they they ask? Are they illegal aliens from space or something.
Anonymous
12/03/2025 12:47
Subject: What happens when ICE deports people with debt?
Anonymous wrote:Anonymous wrote:Just saw a Korean person was accidentally deported. He has more than $500,000 in debt, he says.
He say it is “low key” nice to be in Korea.
I’d love it for ICE and capitalism and corporations that donated to Donald if he doesn’t have to pay the debt back!
So, what happens when ICE deports someone in debt?
Korea seems very cool actually, K-Pop in particular
Except for their zombie problems
Anonymous
12/03/2025 12:43
Subject: What happens when ICE deports people with debt?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:It never made sense to give mortgages to people on Visas like the H-1B.
The Trump administration thankfully banned the practice:
https://bankingjournal.aba.com/2025/03/trump-administration-eliminates-fha-loan-eligibility-for-non-permanent-residents/?utm_source=chatgpt.com
H-1B holders are still eligible for the much more popular conventional financing along with many other types of alternative mortgage financing products but nice try with your ignorant comment.
They aren't government backed. It's up to the lender if they want to give a temporary resident a loan.
Can't say I'd recommend it. Pretty dumb. I don't get it if they do. Isn't temporary stamped on their Visa?
Fannie and Freddie purchase loans with H1B borrowers being eligible per their guidelines. The default rates are lower with H1B holders. Why would they have overlays to make it more difficult for borrowers with lower default rates to get financing?
It's there business I suppose. Pretty dumb though considering. 30year mortgage with a 3year visa.
It would only be "dumb" if the loan default rates were higher among borrowers with H1B status. There is a science behind mortgage eligibility guidelines dimwit.
Anonymous
12/03/2025 12:41
Subject: What happens when ICE deports people with debt?
Anonymous wrote:The debtor is SOL.
You mean creditor
Anonymous
12/03/2025 12:35
Subject: What happens when ICE deports people with debt?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:It never made sense to give mortgages to people on Visas like the H-1B.
The Trump administration thankfully banned the practice:
https://bankingjournal.aba.com/2025/03/trump-administration-eliminates-fha-loan-eligibility-for-non-permanent-residents/?utm_source=chatgpt.com
H-1B holders are still eligible for the much more popular conventional financing along with many other types of alternative mortgage financing products but nice try with your ignorant comment.
They aren't government backed. It's up to the lender if they want to give a temporary resident a loan.
Can't say I'd recommend it. Pretty dumb. I don't get it if they do. Isn't temporary stamped on their Visa?
Fannie and Freddie purchase loans with H1B borrowers being eligible per their guidelines. The default rates are lower with H1B holders. Why would they have overlays to make it more difficult for borrowers with lower default rates to get financing?
It's there business I suppose. Pretty dumb though considering. 30year mortgage with a 3year visa.
Anonymous
12/03/2025 12:30
Subject: What happens when ICE deports people with debt?
Anonymous wrote:Anonymous wrote:Anonymous wrote:It never made sense to give mortgages to people on Visas like the H-1B.
The Trump administration thankfully banned the practice:
https://bankingjournal.aba.com/2025/03/trump-administration-eliminates-fha-loan-eligibility-for-non-permanent-residents/?utm_source=chatgpt.com
H-1B holders are still eligible for the much more popular conventional financing along with many other types of alternative mortgage financing products but nice try with your ignorant comment.
They aren't government backed. It's up to the lender if they want to give a temporary resident a loan.
Can't say I'd recommend it. Pretty dumb. I don't get it if they do. Isn't temporary stamped on their Visa?
Fannie and Freddie purchase loans with H1B borrowers being eligible per their guidelines. The default rates are lower with H1B holders. Why would they have overlays to make it more difficult for borrowers with lower default rates to get financing?
Anonymous
12/03/2025 12:23
Subject: What happens when ICE deports people with debt?
Debt can still be pursued overseas. They really aren’t getting away with anything. Your credit history follows you, it doesn’t just magically disappear.
If I incur a debt abroad, collectors can still seek garnishments on my assets here.
If I incur a debt abroad, collectors can still seek garnishments on my assets here.
Anonymous
12/03/2025 11:48
Subject: What happens when ICE deports people with debt?
Anonymous wrote:Just saw a Korean person was accidentally deported. He has more than $500,000 in debt, he says.
He say it is “low key” nice to be in Korea.
I’d love it for ICE and capitalism and corporations that donated to Donald if he doesn’t have to pay the debt back!
So, what happens when ICE deports someone in debt?
Korea seems very cool actually, K-Pop in particular
Except for their zombie problems
Anonymous
12/03/2025 11:47
Subject: What happens when ICE deports people with debt?
Anonymous wrote:It never made sense to give mortgages to people on Visas like the H-1B.
The Trump administration thankfully banned the practice:
https://bankingjournal.aba.com/2025/03/trump-administration-eliminates-fha-loan-eligibility-for-non-permanent-residents/?utm_source=chatgpt.com
FHA mortgages. They can still get other mortgages.
Anonymous
12/03/2025 11:44
Subject: What happens when ICE deports people with debt?
Anonymous wrote:Anonymous wrote:It never made sense to give mortgages to people on Visas like the H-1B.
The Trump administration thankfully banned the practice:
https://bankingjournal.aba.com/2025/03/trump-administration-eliminates-fha-loan-eligibility-for-non-permanent-residents/?utm_source=chatgpt.com
H-1B holders are still eligible for the much more popular conventional financing along with many other types of alternative mortgage financing products but nice try with your ignorant comment.
They aren't government backed. It's up to the lender if they want to give a temporary resident a loan.
Can't say I'd recommend it. Pretty dumb. I don't get it if they do. Isn't temporary stamped on their Visa?
Anonymous
12/03/2025 11:42
Subject: What happens when ICE deports people with debt?
Anonymous wrote:It never made sense to give mortgages to people on Visas like the H-1B.
The Trump administration thankfully banned the practice:
https://bankingjournal.aba.com/2025/03/trump-administration-eliminates-fha-loan-eligibility-for-non-permanent-residents/?utm_source=chatgpt.com
H-1B holders are still eligible for the much more popular conventional financing along with many other types of alternative mortgage financing products but nice try with your ignorant comment.
Anonymous
12/03/2025 11:41
Subject: What happens when ICE deports people with debt?
Anonymous wrote:'Anonymous wrote:Anonymous wrote:Undocumented people can’t really take on debt, this would only apply in the cases in which they deported someone legally in the country. For those people, I hope they had a lot of debt.
Yeah, undocumented people aren’t SUPPOSED to do a lot of things. Like murder, rape, robbery…
Good thing every study shows that they do them at lower rates than US citizens.
Meaning, when the undocumented are gone we are surrounded by a higher percentage of murderers, rapists, and robbers. Who are more than likely armed.
And since Trump has shifted resources away from investigating violent crime, prefering instead to focus on undocumented people who have committed no crimes, we ARE MUCH LESS SAFE THAN BEFORE.
Surrounded by them because Trump keeps pardoning them while committing his own crimes.
Anonymous
12/03/2025 11:32
Subject: What happens when ICE deports people with debt?
It never made sense to give mortgages to people on Visas like the H-1B.
The Trump administration thankfully banned the practice:
https://bankingjournal.aba.com/2025/03/trump-administration-eliminates-fha-loan-eligibility-for-non-permanent-residents/?utm_source=chatgpt.com
The Trump administration thankfully banned the practice:
https://bankingjournal.aba.com/2025/03/trump-administration-eliminates-fha-loan-eligibility-for-non-permanent-residents/?utm_source=chatgpt.com
Anonymous
12/03/2025 11:03
Subject: What happens when ICE deports people with debt?
Related Question:
What happens to their assets?
There's a true story about one of England's Mitford sisters who was pretty in love with Hitler. She wrote a letter to one of the other sisters about the swell new apartment he gave her in the late 1930s after the Jewish couple living there before "had to suddenly go abroad"
What happens to their assets?
There's a true story about one of England's Mitford sisters who was pretty in love with Hitler. She wrote a letter to one of the other sisters about the swell new apartment he gave her in the late 1930s after the Jewish couple living there before "had to suddenly go abroad"
Anonymous
12/03/2025 10:36
Subject: What happens when ICE deports people with debt?
Anonymous wrote:Anonymous wrote:Undocumented people can’t really take on debt, this would only apply in the cases in which they deported someone legally in the country. For those people, I hope they had a lot of debt.
Yeah, undocumented people aren’t SUPPOSED to do a lot of things. Like murder, rape, robbery…
Neither is the president or secretary of defense, but here we are.