Immigrant Communities Hit Hard by Mortgage Crisis

In the Senate, Chris Dodd is making his displeasure known, on the subject of lax oversight of sub prime mortgages, which offer tantalizingly low initial payments, followed by sudden increases.  These loans, issued willy-nilly during over the past few years, are leading to a spike in delinquency and foreclosures, and nowhere are the effects being felt stronger than in immigrant communities.  Today's WAPO article is a good way to learn more about the expanding and very negative economic phenomenon, but NDN readers will also find the metric they use interesting: calls to a Spanish language radio talk show.

Tysons Corner mortgage broker Jose Luis Semidey, who has a popular Spanish-language real estate talk show on Radio Universal, is being deluged with calls from desperate homeowners who are falling behind on their mortgages. The calls started in late 2005 and have steadily risen; he now receives 40 to 50 calls a day from throughout the area.

"I see more coming," Semidey said.

NDN works with Spanish language radio stations, shows and personalities across the country to help them engage their listeners in the comprehensive immigration reform debate, and other issues that impact their communities.  Click here to learn more about NDN's innovative ad campaigns on Spanish language radio.


Vice Presidential candidate, Alaska Governor Sarah
, has been getting more and more negative responses from the
mainstream media. Palin made a late-night entertainment debut
on NBC
s long-running pop culture mainstay, Saturday
Night Live
. Instead of getting the positive response she’d expected
for being a good sport, she was severely criticized for her appearance by the
press. For several weeks, hits and blows have been thrown out at Palin,
condemning everything she does and questioning her performance, not only as the
Governor of Alaska, but as a possible VP for the United States
of America. They have even enlarged the story of her seventeen-year old
daughter who got pregnant out of wedlock to use as another weapon against the Vice
candidate. Some in the media, including many liberal
experts, are insinuating that our country will crumble if Palin
was forced to take over the office if anything should happen to Presidential
hopeful, Senator John McCain. In contrast to the
across-country belief, a large number of people have distinguished all of the
low-blowing character attacks and lies relayed about Palin,
appreciating the good work she has done and continues to do for the children
and people of special needs, and her support of the disabled demographic in
general. Many more are in favor of the Republican Vice Presidential
, considering her support for personal responsibility
and financial freedom. This includes her contest against the
obliteration of cash advances, a legitimate resource that many
responsible, hard-working citizens have relied on to avoid the cycle of debt
many of us are facing because of the lack of financial support during
unforeseen events.

Post Courtesy of Personal Money

Professional Blogging Team

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