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 Minorities Hit Hard By Rising Costs Of Subprime Loans By Sue Kirchhoff and Judy Keen USA TODAY Across the nation, black and Hispanic borrowers helped fuel a multiyear housing boom, accounting for 49% of the increase in homeowners from 1995 to 2005, says Harvard's Joint Center for Housing Studies. But Hispanics and African-Americans were far more likely to leverage the American dream with subprime loans — higher-cost products for buyers with impaired credit — that are now going bad at an alarming rate. READ ON! _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Just Remember... "One Person's Happy Hour ... Is Another Person's DINNER!" "So ... Don't Always Believe the Hype!"  |
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The MEAC Fan Page MEAC Fans Community Forums Life Style Forums Business Talk Minorities Hit Hard By Rising Costs Of Subprime Loans
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