Tag Archives: Foreclosure
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
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
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
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
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
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
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
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
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
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…
