Hispanics American dream hit by mortgage crisis
Posted on: March 18th, 2007“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.”
Curation from Tomás
Filed Under: Real Estate, Top Stories, Your Money
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