Thursday, January 31, 2008

Immigrants hit hard by slowdown, subprime crisis

WASHINGTON (Reuters) - As an economic slowdown and the subprime mortgage crisis deepen across the United States, Hispanic immigrants are increasingly in danger of losing their jobs and their homes.

Both legal and illegal immigrants joined Americans in buying homes they could barely afford when the market spiraled upward and many have been caught with mortgages higher than the value of their homes as prices have slumped in the past year. Read more..

1)Why are they lending money to Illegals?
2)Why are the lenders not being prosecuted?

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