Subprime Mortgages - Ana Luna
As the subprime mortgage mess plays out across the country, more and more Latinos lose their homes. Who is to blame? What is the solution?
For Latinos and other people of color, foreclosures due to the escalating costs of subprime mortgages may lead to an unprecedented loss of wealth. Ana Luna, Executive Director of Arlington Community Trabajando in Lawrence, MA gives us her opinion.
Blame Game
Why does everyone try to play the blame game? Can’t we just fix the problem. No one is in favor of repossesion of homes—not the banks and not the homeowners. What this woman is saying makes sense. In the long run it is in all our self interest to help people keep their homes. People need to get over themselves and move on, we are all being hurt by this in one way or another.
By Tony Q on November 06, 2007 at 11:17 PM
Mortgages
These folks were sold a bill a goods. The mortgage bankers knew that these folks could not pay those house payments but were driven by greed. Yes we should absolutely help these folks.
By Dan G on November 05, 2007 at 12:23 AM
I still can’t get the movies to work. My father tried on his computer, and he got sound, but no picture. (and there are lots of Dells out here!)
Felicia
By Felicia Kongable on October 31, 2007 at 09:42 PM
Subprime
Are not the people who took out the mortgage responsible as well? What about personal responsibility? We can not afford to bail out everyone. Why did they buy the house in the first place? There is plenty of blame to go around, but the home owners who signed the loan papers have to accept their share.
By Jerry Gonzalez on October 30, 2007 at 10:19 PM