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Old 01-08-2009, 03:57 PM
 
7,024 posts, read 11,439,375 times
Reputation: 1107

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Foreclosure Crisis Hits Hispanics

Representatives of subprime lenders passed on "little tricks of the trade" to get borrowers qualified, he says, such as adding a borrower's name to a relative's bank account, an illegal maneuver. Mr. Nguygn says he's now volunteering time to help borrowers facing foreclosure negotiate with banks.

Many loans to Hispanic borrowers were based not on actual income histories but on a borrower's "stated income." These so-called no-doc loans yielded higher commissions and involved less paperwork.

Housing Push for Hispanics Spawns Wave of Foreclosures - WSJ.com


Long but very informative and headache/anger inducing article.

 
Old 01-08-2009, 04:11 PM
 
Location: Maryland
15,171 posts, read 18,615,411 times
Reputation: 3044
Disgusting!

Before the "this isn't immigration related" mantra begins, this is an excerpt from the posted article.

Quote:
For years, immigrants to the U.S. have viewed buying a home as the ultimate benchmark of success.
 
Old 01-08-2009, 04:19 PM
 
7,024 posts, read 11,439,375 times
Reputation: 1107
Quote:
Originally Posted by Benicar View Post
Disgusting!

Before the "this isn't immigration related" mantra begins, this is an excerpt from the posted article.
Thank you for posting that. I have to keep in mind that we are not allowed to put 2 and 2 together. Even when it's obvious that the story pertains to illegal aliens aka "immigrants", the whining, complaining, slow singing, and flower bringing occurs.
 
Old 01-08-2009, 05:32 PM
 
Location: CITY OF ANGELS AND CONSTANT DANGER
5,402 posts, read 12,696,743 times
Reputation: 2270
but this is about hispanics. this is real estate.

when will people get past race?
when will people get past equating hispanic with immigrant?

ya'll are grasping at straws with these articles now.

Quote:
Originally Posted by Benicar View Post
Disgusting!

Before the "this isn't immigration related" mantra begins, this is an excerpt from the posted article.
 
Old 01-08-2009, 05:46 PM
 
Location: Los Angeles, CA
1,636 posts, read 3,293,782 times
Reputation: 230
It's obvious that these people rather group in Hispanics with illegal immigrants, rather than group us in with "real" Americans.
 
Old 01-08-2009, 05:48 PM
 
Location: Mesa, Az
21,116 posts, read 42,243,871 times
Reputation: 3861
Quote:
Originally Posted by the one View Post
but this is about hispanics. this is real estate.

when will people get past race?
when will people get past equating hispanic with immigrant?

ya'll are grasping at straws with these articles now.
There is no Hispanic 'race': otherwise show the 'Latino' genes to prove wrong.

As for illegal aliens; they all need to go home.

Legal immigrants need to become American----------even if it means kissing their ancestral languages, etc. goodbye.
 
Old 01-08-2009, 05:51 PM
 
4,829 posts, read 7,770,669 times
Reputation: 621
Quote:
Originally Posted by antialphabet View Post
It's obvious that these people rather group in Hispanics with illegal immigrants, rather than group us in with "real" Americans.
It is also very interesting how some of these same posters get incredibly defensive when anything negative is said about their race. Yet, they love to discuss and criticize the negatives of latinos.

https://www.city-data.com/forum/immig...ml#post6879898
 
Old 01-08-2009, 06:00 PM
 
Location: CITY OF ANGELS AND CONSTANT DANGER
5,402 posts, read 12,696,743 times
Reputation: 2270
i didnt say hispanics were a race.

it seems that even with obama in the WH, race is still a paramount issue. people dont look beyond race. and now it seems people cant seem to understand that just because some one is hispanic does not make them foreign or immigrant or illegal for that matter.

so people need to look beyond race.
and people need to embrace hispanics as their fellow citizens.

and immigrants from mexico and bolivia are AMERICANS.
its a continent genius.

but back to becoming 'American", how should they adopt US culture? what is that exactly.
i saw an interesting john quinonez "what would you do" episode of 20/20 the other day. it featured a boorish "american" couple in paris. it was an awful representation of "americans" (which most people believe to be true) and the french peopels reactions to these tourists antics. is that what they should become? what does "american" mean?

i think immigrants do have values that can coexist with US norms.

and besides, what "american" means has shifted throughout the course of history. it changes and will continue to change. 50 years ago movies made in the US, for US audiences, featured german dialogue with no subtitles or translation. imagine that.

all the people who have made this country their home have changed it in one way or another. and all along there have been people against any minimal change.
your arguments are tired.
Quote:
Originally Posted by ArizonaBear View Post
There is no Hispanic 'race': otherwise show the 'Latino' genes to prove wrong.

As for illegal aliens; they all need to go home.

Legal immigrants need to become American----------even if it means kissing their ancestral languages, etc. goodbye.
 
Old 01-08-2009, 06:03 PM
 
608 posts, read 1,007,259 times
Reputation: 65
Quote:
Originally Posted by JDubsMom View Post
Thank you for posting that. I have to keep in mind that we are not allowed to put 2 and 2 together. Even when it's obvious that the story pertains to illegal aliens aka "immigrants", the whining, complaining, slow singing, and flower bringing occurs.
Actually I agree with Anti on this one but it is a repeat post. It is not about illegal immigration. In fact it only has one mention if immigration but never makes a tie to or alludes to "illegal". It is more about the big businesses that you loath and how they rape the US and prey on minorities and the lower income (all races). Also in this case it has to do with unscrupulous Mortgage brokers who are licensed and who are "obviously" legal.
 
Old 01-08-2009, 06:07 PM
 
7,024 posts, read 11,439,375 times
Reputation: 1107
Quote:
Originally Posted by HoustonCynic View Post
Actually I agree with Anti on this one but it is a repeat post. It is not about illegal immigration. In fact it only has one mention if immigration but never makes a tie to or alludes to "illegal". It is more about the big businesses that you loath and how they rape the US and prey on minorities and the lower income (all races). Also in this case it has to do with unscrupulous Mortgage brokers who are licensed and who are "obviously" legal.
Whether they are illegal or legal is a moot point. This article belongs here because this is the IMMIGRATION FORUM. Present company excluded, the usual gotcha game is old, tired and has outlived it's usefulness for those who desperately seek to avoid seeing the truth about themselves.
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