Joe - I don't find Stockton as disgusting as you seem to have. But I think everything else you have to say above can be validated.
             The piece that was done on 60 Minutes touched on the subject of illegals buying houses, but all of this, like everything else that has to do with illegal aliens is hard to verify. This is argely because, the documentation that went into generating the loan in the first place was probably fabricated.
             Also, the way I remember it, the 60 Minutes piece indicated that it is not against the law for an alien to buy a house in America, so being illegally here doesn't play into these transactions, in the sense that it's not the responsibility of a Mortgage Broker to police the immigration status of his/her customers.
             All I would say is, when you look at the statistics, if only a small percentage of the foreclosures in Stockton, Fresno et. al., was the result of illegals buying houses, that would be enough to push the foreclosure rate over the rates of some other places.