San Francisco Latinos Pick Up Pieces After Foreclosure

Subprime loans, which are made to borrowers who have bad credit, and predatory lending are the main forces behind the foreclosure crisis that is hitting the nation. There are 7.5 million subprime loan borrowers and $1.4 trillion in loans outstanding, according to a 2006 study conducted by the Center for Responsible Lending, a research organization and resource on predatory lending. About 40 percent of all subprime loans nationwide were issued to Latino households.