Monday, January 5, 2009

WSJ: Mortgage bust hurting Latinos more

Between 2000 and 2007, as the Hispanic population increased, Hispanic homeownership grew even faster, increasing by 47%, to 6.1 million from 4.1 million, according to the U.S. Census Bureau. Over that same period, homeownership nationally grew by 8%. In 2005 alone, mortgages to Hispanics jumped by 29%, with expensive nonprime mortgages soaring 169%, according to the Federal Financial Institutions Examination Council.


http://online.wsj.com/article/SB123111072368352309.html?mod=googlenews_wsj

No comments: