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Posts Tagged ‘mortgage crisis

19151956.jpgNeed someone to blame for the economic downturn, for the mortgage crisis? Look no farther than Maria y Jose. That’s right it’s those damn illegal immigrants (or some would have you believe). After all they control the money and the system that controls that. No? DreamActivist writes over at The Sanctuary:

Why, don’t you know, those migrant workers, low-income wage-earners, illegals in the military, undocumented students struggling to afford college, caused the financial collapse of Wall Street, Main Street, all streets!! Now we need a $700 billion dollar bailout for them!


Sylvia P
also follows the path atras, as to who really is to blame.

It started with the ambitions of a single illegal alien.

That’s right. I said it. We have no time for political correctness now. If Sen. McCain can suspend his campaign, I can suspend my intelligence to state things plainly. And plainly, my investment banker siblings, it always starts with one.

And we ignored the signs, even when it appeared in the news way back when the Mexicans first began ousting CEOs.

Read more…

r.jpegThe Massachusetts Attorney General’s office filed a lawsuit against H&R Block on Tuesday, accusing the company known for it’s tax filing services, of discriminating against black and Latino borrowers and escalating a crisis over property foreclosures in the state. This is the first lawsuit initiated by a state accusing civil rights violations in the middle of a nation-wide mortgage and foreclosure crisis.

The lender charged black and Latino borrowers, on average, several hundred dollars more in points and fees to close loans than similarly situated white borrowers, and that it targeted black and Latino consumers with marketing “that pushed the sale of predatory loan products.”
“This price disparity is not explained by borrower credit scores or other risk-related characteristics,” it said. “In some instances, the black or Latino borrowers paid double in points and fees than white borrowers paid.”

Via / Reuters


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VivirLatino is a daily publication published by 2 Mujeres Media, dedicated to featuring all the latest politics, culture, entertainment of interest to the diverse and influential Latino and Latina community in the U.S.

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