Contracts for Deed Dominate Midwest LMI Housing Purchases

ACORN Citizen Wealth Financial Justice

https://chieforganizer.org/wp-content/uploads/2019/08/CN09012019.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | RSSNew Orleans     Ann Carpenter works with the Federal Reserve Bank in Atlanta.  Her work in understanding the challenges and predation for lower income families trying to buy homes has been outstanding.  Almost exactly two years ago, the ACORN Home Savers Campaign met with her …

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Process of Gutting the Community Reinvestment Act Gains Steam

Citizen Wealth Financial Justice Ideas and Issues

Little Rock       Any time the head of the American Bankers Association says that it’s a good thing that any part of the government is looking at rewriting and revising the 1977 Community Reinvestment Act, known popularly as the CRA, it’s very bad news for lower-income and racially diverse communities.  Sad, but true, that’s exactly the …

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For Banks the Party Never Stopped

Citizen Wealth Financial Justice Foreclosure Ideas and Issues

Houston        Seven years after the wheels started coming off the bank’s mad money train, it seems clear that settlements for mortgage abuse, which is euphemism for fraud, Dodd-Frank legislation, and what should have been the awesome weight of having collapsed the US and world economy and upended the lives of millions, have essentially been water …

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More Evidence Emerging of the Big Banks Role in Mortgage Meltdown

Citizen Wealth Financial Justice Foreclosure

New Orleans      If there is anyone over the age of 10 years old that has any doubt that the pure and simple, unchecked greed of banks caused the mortgage meltdown triggering the Great Recession, please read, and listen carefully.   Information now coming out on the dealings between Morgan Stanley, the Wall Street behemoth that acted as …

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