Subprime markets decline puts thousands of Massachusetts homes at risk
Tagged: Doctor, Massachusetts, population, studentPosted on: March 18th, 2007“Such measures are severely needed in low-income communities such as Lawrence, where about 70 percent of the population is Hispanic and many residents speak little or no English, said Mayte Rivera, director of the nonprofit Community and Enterprise Development Center in Lawrence.
“Because a lot of people arent fluent in English, they dont go to mainstream banks to inquire about prime loans,” said Rivera, a graduate student writing a doctoral dissertation on Lawrences housing problems. “Meanwhile, theres someone in their neighborhood very aggressively promoting subprime mortgages. It needs to be stopped.” “
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Filed Under: Real Estate, Top Stories, Your Money
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