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Hispanics hit hard by subprimes

Posted by HispanicPro on October 1, 2008 at 12:18pm

The fastest-growing segment of U.S. home buyers is also among those facing the greatest risk of foreclosure, two top federal housing officials told a group of Hispanic real-estate professionals meeting in Phoenix this week. Poor guidance and cultural biases have forced too many Hispanics into predatory loans, they said, and in some cases their Hispanic real-estate agents helped put them there. READ FULL STORY

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