Money Center Introduces Nationwide Program That Offers Mortgage Financing to Illegal Aliens

To understand why illegal immigration is an approved act of organized crime… just follow the money back to the bankers.

Nevermind that it is a felony to encourage an illegal alien to remain in the United States. And that penalties are increased for doing so for commercial profit.

Never mind that the ITIN is to be used for tax purposes only and that the IRS says it is not valid ID.

Nevermind that running known illegally obtained wages/funds through a bank account is money laundering.

Forget that the matricula consular is almost as easy to get as the daily newspaper.

Don’t even mention RICO laws.

If you have any doubts about who is dictating which laws will be enforced and wonder why our borders are not secured…keep reading.

Then call your Congressional House Reps and your U.S. Senators and ask why this is not “an issue”.

I will.

I will also ask which crimes we, as mere Americans can commit and go un-punished if we make/donate enough money.

PRESS RELEASE

LAT Money Center Introduces Nationwide Program That Offers Mortgage Financing to Undocumented Workers

LAS VEGAS & ARLINGTON, Texas–(BUSINESS WIRE)–LAT Money Centers, a Hispanic-owned financial services company, has introduced the industry’s first nationwide financing program for undocumented workers that want to buy homes. This lending program will offer loans to potential homeowners using Individual Taxpayer Identification Numbers (ITIN) and Matricula Consular IDs in lieu of social security numbers. The company announced the new initiative at the 2006 Hispanic Marketing Convention & Expo hosted by the National Association of Hispanic Real Estate Professionals this week in Las Vegas.

The program will be made available to 14,000 NAHREP members in more than 48 states across the nation. “Recent industry research has shown that Hispanic homeowners are less likely to default on their home loan than other borrowing groups,” said LAT Money Centers COO Samuel Angueira. “The Hispanic community takes pride in home ownership and that results in fewer missed payments, less defaults, and a higher return for investors.”

“NAHREP’s 2004 study estimated that the market potential for these loans is conservatively $44 billion in new mortgages,” said Timothy Sandos, NAHREP President and CEO. “A number of ITIN loan pilot programs have confirmed since then that these type of loans perform as well or better than conforming loans. We applaud LAT Money Centers for being the first lender to make this kind of program available nationwide.”

LAT Money Centers is a Hispanic owned Financial Services Company that provides a variety of financial services and education to the Hispanic and Latino communities. The company is a subsidiary of Latino Bancshares, Inc., a Nevada Corporation based in Arlington, TX. Latino Bancshares, Inc. and its subsidiaries are active in Mortgage and Investment Banking, Insurance, and Real Estate.

If you would like more information concerning the Lat Family of Companies or its ITIN Lending product, please contact Hector Arroyo at the numbers listed below.

LAT Money Centers
Hector Arroyo, 817-276-0888
Cell: 682-433-6259
Fax: 817-276-0999
hector@latmoneycenters.com
www.latmoneycenters.com