Tag Archives: Foreclosure

(Image: Facebook)

In the News: Cornel West and Princeton Part Ways; Tyler Perry Backs Kim Kardashian Casting and More

A few noteworthy headlines around the Web

See what’s going on in the world with today’s compilation of news around the Web

By Sade K. Muhammad

Posted: Tags: , , , , , , , , , , , , , , , , , , , , ,
Keeping the Faith: UrbanAmerica CEO Richmond McCoy

The Business of Faith: How to Keep Churches from Foreclosure

UrbanAmerica Principals CEO Richmond McCoy plans to stem church foreclosures through his consulting service

Ordained minister and UrbanAmerica CEO Richmond McCoy aims to bring business and faith together and…

By Alan Hughes

Posted: Tags: , , , , , , ,
Locked-up-house-300x232

4 Tips to Keep Your HUD Home Out of Foreclosure

With the HUD mortgage counseling budget eliminated, more homeowners are at risk for foreclosure

The ongoing foreclosure problem facing U.S. homeowners is about to get worse now that Congress…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , ,
Black-Family-forclosure-300x232

7 Steps to Getting Over Foreclosure

What you can do before, during and after the process to ease the pain

What you can do before, during and after the process to ease the pain

By John Simons

Posted: Tags: , , ,
The Seals' (Photo: Lonnie C. Major)

How to Rebound From Foreclosure

A guide to financial (and emotional) recovery

It’s no mystery to blacks living in middle-class enclaves such as suburban Atlanta, parts of…

By John Simons

Posted: Tags: , , , ,
Coverage of Michael Jackson’s June 25, 2009 death was third on the list with 5.7% of coverage. Thousands of news items focused on the King of Pop's unexpected death, his legacy, his enormous fanbase, the fate of his three children, his estate, funeral, and many lawsuits.

Black News Coverage Leaves a Lot to Be Desired

Despite a black president, African Americans attracted little attention in the media

Despite having a black president, African Americans attracted little attention in the U.S. mainstream news…

By Deborah Creighton Skinner

Posted: Tags: , , , , , , , , , , ,
Middle-class African Americans are more likely than whites to have cut back on saving and investing in order to make it through the recession, according to the 2010 Ariel Black Investor Survey. The data is not unexpected since the unemployment rate for African Americans (15.4%) continues to track higher than the overall jobless rate for all Americans (9.5%). “In times of economic hardship, people have to make difficult decisions,” said Mellody Hobson, Ariel president and columnist for Black Enterprise magazine. “Unfortunately, the resulting trade-offs mean many in our community are slipping even further behind.”

African American Investors are Down, but Not Out

Cutting back on saving and spending, helps blacks make it through recession

Middle-class African Americans are more likely than whites to have cut back on saving and…

By Deborah Creighton Skinner

Posted: Tags: , , , , , , , , , , , , , , , ,

Senate Overwhelmingly Approves Consumer Protection Bill

Legislation will protect blacks from discriminatory financial practices

The Senate voted Thursday to pass a Wall Street reform bill, which includes major reforms…

By Joyce Jones

Posted: Tags: , , , , , ,

Foreclosing as a Financial Strategy

It's called strategic defaulting, and more homeowners are doing it

Fannie Mae recently announced that it would penalize borrowers who purposely forego their home loan…

By John Simons

Posted: Tags: , , , , , , , ,

Administration Approves $1.5 Billion in Aid for Homeowners

Fund encourages states to develop less stringent solutions to prevent foreclosure

The U.S. Treasury announced Thursday that it has approved $1.5 billion in Hardest Hit Fund…

By Joyce Jones

Posted: Tags: , , , , ,

Billions in Wealth Lost Since Foreclosure Crisis Began

African American communities to lose $193 billion by 2012

Communities of color have lost billions in wealth since the current foreclosure crisis began, according…

By Deborah Creighton Skinner

Posted: Tags: , , , , , , ,

Don’t Walk Away

Weigh the pros and cons before you walk away from your home

Until recently, owning a home was the wealth-building move. These days, many homeowners are contending…

By Tara-Nicholle Nelson

Posted: Tags: , , , , , ,

Bank of America Offers Bailout to Homeowners

Plans to extend $3 billion in loan forgiveness to 45,000 homeowners struggling to stay afloat

If you have a mortgage with Bank of America, and you’re extremely underwater, you just…

By Sheiresa Ngo

Posted: Tags: , , , , , , , , , ,

Demystifying the Mortgage Modification Process

Rainbow/PUSH Coalition counselor advises delinquent homeowners

Loan modification counselor discusses when homeowners should modify their loan, why banks are not modifying…

By Marcia Wade Talbert

Posted: Tags: , ,

Struggling Communities to Get $2 Billion for Renewal

Federal funds going to cities and states most affected by foreclosure crisis

The Obama Administration today awarded $2 billion in “neighborhood stabilization” funding to states, cities, and…

By John Simons

Posted: Tags: , , ,

Reviving Your Credit Score

Four steps to rebounding after foreclosure

Foreclosure can be the scarlet F, branding your credit report and docking up to 200…

By Heather Boerner

Posted: Tags: , ,

Foreclosures of the Rich and Famous

A look back at celebrity homeownership woes

Since the highly publicized foreclosure woes of Evander Holyfield and Michael Jackson, more celebrities have…

By Janell Hazelwood

Posted: Tags: , ,

ARMed And Dangerous? Don’t File For Bankruptcy

An adjustable rate mortgage can turn a Chapter 13 filing from bad to ugly

Just got a phone call from a couple thinking of filing Chapter 13 bankruptcy. …

By Kirk Charles

Posted: Tags: , , , , , ,

This Old House

The pros and cons of buying foreclosures and short sale properties

Compelling as they may sound, foreclosures and short sales can present unique challenges.

By Bridget McCrea

Posted: Tags: , , , ,

For Loan Modification, Don’t Fall Behind

You don't have to become delinquent to get help

When Jamie Arthur heard about President Barack Obama’s Making Home Affordable plan, a sense of…

By Renita Burns

Posted: Tags: , , ,