By Brittany Hutson It looks like Wall Street’s up to their dirty tricks again. This time, they are devising new ways to prey on distressed homeowners. According to the Center for Public Integrity, financial institutions, including those who received federal bailout money, are bundling small tax debts into private investments, leaving homeowners in debt and, […]
(Time) — It has become taboo to defend anything having to do with subprime lending. Why would you? It’s clear now that banks and mortgage brokers handed out expensive loans to many people who had little ability to make the payments. It’s also clear that the result was not benign. The result was a terrible […]
Blacks have a disproportionate share of foreclosures compared to homeownership.
(AOL Black Voices) — If you’re lucky enough to get approved for a mortgage, or even get a pre-approval for a home loan, how do you know if you’re getting the best possible terms? One way to know a terrific deal from a so-so one, is to get an outside, professional opinion of your mortgage […]