Habla Blog

“According to national studies, Latinos are 2.5 times more likely than whites to receive one of the infamous so-called subprime loans, that consist of low interest rates for a limited period of time that are later adjusted to the market,” says the New American Media. Many families qualified for mortgages they could not sustain, and are now facing foreclosure. The language barrier inflated the problems and complicated an already complex situation. Many agents were unscrupulous and stood to gain high fees from those mortgages. The article goes on to explain that with poor credit, the families are having a hard time renting apartments.

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