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Trump promises to ban mortgages for undocumented immigrants

Summary by KEYT
By Tami Luhby, CNN (CNN) — Former President Donald Trump plans to ban mortgages for undocumented immigrants, he said in a speech at the Economic Club of New York on Thursday. Trump claimed the measure would help address housing affordability because a “flood” of people entering the country illegally are pushing up housing costs, but undocumented immigrants only make up a tiny portion of the mortgage market. In 2023, only 5,000 to 6,000 mortgages…

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(CNN) - Former President Donald Trump plans to ban mortgages for undocumented immigrants, he said in a speech at the Economic Club of New York on Thursday. Trump said the measure would help address housing affordability because an “avalanche” of people entering the country illegally is driving up housing costs, but undocumented immigrants only represent a small part of the mortgage market. In 2023, only 5,000 to 6,000 mortgages were granted to h…

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Latin Times broke the news in New York, United States on Friday, September 6, 2024.
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