The Department of Housing and Urban Development said undocumented immigrants hold over 5 million mortgages
The federal government keeps no statistics on home loans given to undocumented immigrants
A Phoenix radio station reported this figure on its website in 2008, but HUD quickly denied the claim. The Phoenix Business Journal subsequently reported:
The U.S. Department of Housing & Urban Development says there is no basis to news reports that more than 5 million bad mortgages are held by illegal immigrants.
A HUD spokesman said Thursday his agency has no data showing the number of illegal immigrants holding foreclosed or bad mortgages.