The Online Journal piece is an op-ed. That doesn't mean the WSJ supports it - though I'd be surprised because the Wall Street Journal has always been 100% pro-illegal alien because they put business above all else, even laws.
As for the LA Times piece, well if you actually read it and not just say "Oh the LA Times says illegal alien loans are great!" you'll realize that it was put together by more unscrupulous illegal alien lovers like Tim Sandos, president of the National Assn. of Hispanic Real Estate Professionals.
Funny, Sandos says they are more secure loans, but then later in the piece it is revealed that "The real estate association does not keep statistics on foreclosure rates"
Sandos benefits from as many houses as he can sell, whether that is to people who can pay later or not. Realtors make their money up front, not based on later actions. They want as many buyers and suckers as they can get to overpay, whether they are illegal or not.
Even the illegal alien in the story was shocked that he could come to this country illegally and get banks to lend him money to buy a home "'I was surprised that a bank actually was risking their money on a person like me,' he said." In the story it is shown that their income was actually threatened, but they managed to squeak it out. So that's their proof for the whole story. What about the ones who didn't make it?
And then, of course, later the truth comes out as money is what really talks in the end for these people...
"Michael Zimmerman of Mortgage Guarantee Insurance Corp., which insured about 1,000 taxpayer identification loans from 2004 to 2007, said the organization stopped insuring such loans last year because of a lack of demand by lenders.
The whole theory falls apart on that one statement. If illegal aliens were so great for lending to - and most Americans and legal residents suck so bad, as you imply - then why would lenders stop demanding more of these great loans be insured? Why would they not demand to take illegal aliens loans even above the rest of the people in this country? I'll tell you why, because it's not true and the fact that an illegal can be rounded up and deported the next day is not a very low risk loan.
You've picked two pieces that have no true backing other than those who stand to make money off illegal immigration and only "pro-business at all costs" and "Illegals are so great if they're Hispanic" papers would actually print this drivel as fact.
And only pro-illegal pushers like yourself would accept it and try to spread it around.
