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Immigrants hit hard by slowdown, subprime crisis

Right Wing

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"Like many caught up in the crisis, the father of three said he had no idea his monthly payments would soar two years into the mortgage when he closed the adjustable-rate subprime deal."

"You have to sign a lot of things when you buy a house, so I didn't read, I just signed. I think it was the anxiety, the happiness of buying my house," he said. "I feel a bit betrayed."
He should feel a bit ignorant. If he had read the mortgage disclosures that he signed in the beginning of the process he would have known and he could have stopped in the beginning.

http://news.yahoo.com/s/nm/20080130...migrants_dc;_ylt=Aivm0jlFRDuN2jazHP.15xKs0NUE
 
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