New Orleans There are some people who spend their lives convincing folks that up is actually down. Mortgage brokers are the escape artists of the subprime lending business and after Wall Street should be at the top of the list of responsible and predatory parties in the entire meltdown. Amazingly and seemingly without a blush, …
Category: Foreclosure
Act Now to Really Enforce The CRA
Dauphine Island The Community Reinvestment Act (CRA) passed in 1977 occupies a lot of space in my book, Citizen Wealth, because it is both arguably the single largest legislative victory achieved by community organizations over the last generation and because it has helped millions purchase homes, one of the most dramatic creators of citizen wealth …
Job Bias and Credit Bar
Takoma Park These days a working stiff, or worse, someone trying to desert the vast army of the unemployed and pick you a pay envelope again, seems to be screwed in different was almost every day. Today’s news details how the unemployed are being penalized in getting jobs…uh, largely because their unemployed, and not surprisingly …