U.S. minority foreclosures are rising

U.S. minority foreclosures are rising: "Foreclosures among U.S. minorities are increasing and experts say the trend will continue.
At the root of the problem is the fact that minority homeowners have taken out a disproportionately large number of expensive subprime mortgages, The New York Times said Wednesday. Such mortgages, including so-called balloon notes and interest-only deals, are particularly risky and costly for poor people."
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