Hispanics American dream hit by mortgage crisis

Posted on: March 18th, 2007
Filed Under: [ Top Stories ] [ Real Estate ] [ Your Money ]
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“Hispanic immigrants across the United States are being hit hard by the subprime mortgage crisis, with many risking their life savings in a failed bet on the American dream of owning their own homes.

Hispanics hold up to 40 percent of mortgages in the troubled subprime loan market, where higher interest rates are charged to buyers with a damaged credit history or little borrowing experience.”

Source: http://today.reuters.com
Fuente Traducido: usando Google o Altavista/Babel Fish

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