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By Philippe Legrain ADD COMMENTS

Undocumented immigrants in the US can no longer get mortgages – even though their default rates are low.

Previously, established migrants could get mortgages with an Individual Taxpayer Identification Number, but now they need a US Social Security number.

"If you want to buy a house and you’re here without papers, now you can
forget it," says Jesus Benitez, a real-estate agent who caters to
Hispanics in Brooklyn.

From the WSJ.

Posted 23 Oct 2008 in Blog

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