Are there "victims" in foreclosures?Dean Foust
Journalist Kirstin Downey at the Washington Post has an article today that's burning up the Internet today - and burning up a few bloggers who are staunch proponents of self-determination and personal responsibility. Her story, Foreclosure Wave Bears Down on Immigrants(free access, although registration may be required), notes how a large percentage of foreclosures involve immigrants who viewed buying a home as part of the American Dream. Writes Downey: "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."
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