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Hispanics on Both Sides of Subprime Lending
Posted on: November 14th, 2007
Two words – “subprime lending” – captured headlines at midyear. Immortalized as the practice of making loans to borrowers with deficient credit histories, subprime lending has led to more than 100 major mortgage lenders closing their doors.
While the subprime loan fiasco became front-page news, many feel it has affected Hispanic housing consumer markets even more.
The Center for Responsible Lending (CLR) says Hispanics hold roughly 40 percent of mortgages in the troubled subprime market.”*
Curation from Tomás
Filed Under: 1. Hispanic News, Business, Business News, Real Estate
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