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  1. 09-10-2007, 01:18 PM #1
    chairman
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    NAHREP, NCLR RELEASE HISPANIC HOMEOWNERSHIP

    http://www.nclr.org/content/news/detail/48329/



    Contact:
    Marie Watteau, NCLR
    (202) 776-1812
    Laura Dossa, NAHREP
    (202) 777-3542FOR IMMEDIATE RELEASE
    Sep 7, 2007



    NAHREP, NCLR RELEASE HISPANIC HOMEOWNERSHIP REPORT AND RECOMMENDATIONS TO CURB PREDATORY LENDING PRACTICES
    Washington, DC – The National Council of La Raza (NCLR) and the National Association of Hispanic Real Estate Professionals (NAHREP) will hold a tele-conference on Wednesday, September 12, 2007 to announce the findings of a joint report on Hispanic homeownership and their recommendations to curb predatory lending practices that impact Latinos. Based on roundtable discussions across the country with practicing mortgage industry professionals who serve the Hispanic community, the joint report identifies the factors contributing to predatory lending practices and ways to help eliminate them. The report also issues recommendations to policymakers, industry professionals and consumers to create a level playing field for homeownership opportunities for the 44 million Hispanics in the United States.
    WHAT: Tele-conference to unveil NAHREP-NCLR joint report on Hispanic homeownership and recommendations to curb predatory lending practices
    WHO: Tim Sandos, NAHREP President and CEO
    Janis Bowdler, NCLR Senior Housing Policy Analyst
    WHEN: Wednesday, September 12, 2007
    1:00 p.m. EST
    HOW: Dial-in number: 800-311-9402
    Code: 46740
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  2. 09-10-2007, 01:29 PM #2
    Populist
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    I sense whiny "I'm a victim" sob stories here.
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  3. 09-10-2007, 01:37 PM #3
    azwreath
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    And just who do we see about curbing "Predatory Buying Practices" perpetrated by illegals committing loan fraud?
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  4. 09-10-2007, 02:43 PM #4
    Dixie
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    If they really want to stop predatory lending, then they need to stop the cause and that's illegal immigration. Illegals have created the market and a demand for high interst unsecure loans.

    Illegals don't have bank accounts, they don't have ID, they don't have credit histories in their name... They can not get a conventional loan like Americans so they go to these people that will give them the money for a price. They asked for it, they got it.

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  5. 09-10-2007, 03:46 PM #5
    AmericanElizabeth
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    Notice the 44 million number there? Seems they have, again, tried to lump the Hispanics who are illegally here in with Americans of Hispanic descent. Low tactics to make it sound like it is ALL Hispanics this predatory lending affects, we all know Americans of Hispanic descent are in the same boat as the rest of us, it is the illegals they most likely are having to defend in this.

    I sense whiny "I'm a victim" sob stories here.
    Populist, you are so right, it is another victimization of only the illegals, we all know that NO one victimizes us (Americans) when it comes to predatory lending (NOTE THE HEAVY SARCASTIC TONE!!!!).
    "In the beginning of a change, the Patriot is a scarce man, Brave, Hated, and Scorned. When his cause succeeds however,the timid join him, For then it costs nothing to be a Patriot." Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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  6. 09-10-2007, 03:53 PM #6
    AmericanMe
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    I can hardly wait to see the numbers!

    IMO, this was a joint venture between lenders, the Bush Administration and Mexico. WHERE WERE THE FEDERAL REGULATORS???? Where were the watchdogs???? EVERYONE knew what was going on!!!

    Outside of the lenders, the big winners were the thousands of hispanic (anchor baby type) opportunists who rushed in to get their sales licenses so that they could target every legal and illegal buyer in the country! They all made an ungodly fortune for the past few years!

    As for the illegals, they were winners too...all they did was pack up and walk out the door leaving the banks holding the bag. The next day they just assumed a new identity!

    I wish we could prosecute the hispanic realtors (especially at Century 21) and their buyers who were the real perpetrators of this fraud!
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  7. 09-10-2007, 09:39 PM #7
    GS07
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    Not only are they illiterate, they're gullible.
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  8. 09-10-2007, 11:19 PM #8
    camilleinchicago
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    I have already seen several boo-hoo type stories about this. Typically, it is some family earning $50,000 a year who buys a $750,000 house- what were they thinking? Then they say "Oh well we didn't understand the papers". Well then why did you sign them, genius? Of course some of the houses were promptly carved up into little 'apartments' that they then rented out to other illegals, including having people living in the garage.
    This whole thing stinks to high heaven.
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  9. 09-11-2007, 02:22 AM #9
    jinky
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    What's really funny here is that NCLR was probably putting pressure on the predatory lenders to give the same deals to their illegal buddies. Now they want to claim those same folks as victims.
    "The American people are slow to wrath, but when their wrath is once kindled, it burns like a consuming flame." ~Teddy Roosevelt~
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  10. 09-11-2007, 08:44 AM #10
    BorderFox
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    Quote Originally Posted by jinky
    What's really funny here is that NCLR was probably putting pressure on the predatory lenders to give the same deals to their illegal buddies. Now they want to claim those same folks as victims.
    Yup. Hit the nail on the head. I just can't feel sorry for these people.
    Deportacion? Si Se Puede!
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