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Study: Minorities’ ’dream’ foreclosed – The subprime-mortgage crisis will cost black and Hispanic homeowners up to $256 billion – the worst financial hit for minorities in modern U.S. history, a new study finds.
“The dream that Martin Luther King Jr. once spoke of has been foreclosed,” Boston-based United for a Fair Economy wrote in a report set for release to coincide with today’s 79th anniversary of King’s birth.
Analyzing previously released research on the subprime meltdown, the report projected blacks will lose $71.5 billion to $121.6 billion on high-cost mortgages taken out in the past eight years. Hispanics will forfeit another $75.8 billion to $128.9 billion.”*
*From: www.bostonherald.com
Traducido: usando Google o Altavista/Babel Fish
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Filed Under: 1. Hispanic News, Business News, Real Estate, Top Stories, Your Money
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