“Immigrants hit hard by US slowdown, subprime crisis”
http://www.money-wise.org/articles/immigrants_hit_hard_by_us_slowdown_subprime_crisis
Excerpt:
“And almost half of the mortgage loans in the hands of Hispanics are subprime, making them especially vulnerable to the housing downturn. “Economic conditions are deteriorating and many immigrants now can’t work those extra hours or find that second job to keep up with their mortgage payments,” said Aracely Panameno at the Center for Responsive Lending (CRL) research policy group.”
Thanks for the link....
some good stuff in that article although not very well written and certainly an attempt to gloss over the lack of responsibility for these people.