Spot the missing word in the headline and article: Foreclosure Wave Bears Down on Immigrants
Immigrants are emerging as among the first victims of a growing wave of home foreclosures in the Washington area as mortgage lending problems multiply locally and across the country.
Nationally, 375,000 high-interest-rate loans were made to Hispanics in 2005, and nearly 73,000 of them are likely to go into foreclosure, said Aracely Panameno, director of Latino affairs for the Center for Responsible Lending. About 1.1 million homes in the United States are expected to go into foreclosure in the next six years, and many native-born Americans are likely to be stuck with burdensome loans. But immigrants are getting hit first in part because their incomes tend to be lower and many have lost construction jobs.
Hint:blog comments powered by Disqus
Warren Buffett helps finance BK’s tax reduction; Harry Reid figuring out how to blame the Koch brothers
August 26, 2014 10:14 AM by Doug Powers
August 15, 2014 01:51 PM by Michelle Malkin
July 23, 2014 08:31 PM by Doug Powers
July 15, 2014 09:32 PM by Doug Powers
November 28, 2013 09:27 AM by Michelle Malkin