Fact Check: Graph Does NOT Prove Immigrants Overpaying For Houses With FHA Loans Inflated U.S. Housing Prices
Fact Check
Does a graph showing "loan locks" for non-permanent residents applying for FHA mortgages prove that immigrants overpaying for homes has inflated U.S. housing prices? No, that's not true: Non-permanent residents who applied for FHA loans were "not a major factor in the vast majority of local housing markets in the U.S.," according to a researcher with the company that produced…