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Housing woes rough on Latino immigrants in North Carolina From: media.dailytarheel.com
Tagged: foreclosure, North Carolina
The housing market crash and the ensuing troubles in credit markets in the past year have caused home values to plummet, forced mortgage foreclosures, slowed the economy and put many businesses in financial peril.
First-time, low-income home buyers have been particularly hard hit as lenders are increasingly reluctant to take chances on them.
Latino newcomers have been especially impacted as North Carolina has experienced an influx of immigration, said Paul Stock, executive vice president of the N.C. Bankers Association.”*
*From: media.www.dailytarheel.com
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Filed Under: Business News, Real Estate, Top Stories
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