From the Pew Hispanic Center report
on illegal immigrants, the five states with "Largest Share of Unauthorized Immigrants in the Labor Force, 2008:"
1. Nevada - 12.2%
2. California - 9.9%
3. Arizona - 9.8%
4. New Jersey - 9.2%
5. Florida - 8.2%
Hmmhmm ... the four Sand States
where 7/8ths or so of the mortgage money has been lost, and New Jersey. If I owned a lot of mortgages in New Jersey, I wouldn`t be feeling too good about collecting on them right now.