As the foreclosure crisis worsens, the Federal Reserve Board (the Fed) is proposing rules to restrict abusive mortgage lending practices. While this is a good step, 32 California groups assert that not enough is being done to help working families and their neighborhoods, encouraging stronger rules to protect families from being sold loans they cannot afford.
The subprime mortgage crisis will cause African-Americans to experience wealth losses of between $71 billion and $122 billion over its duration.
The Common Ground Health Clinic arose in the New Orleans west bank community of Algiers above the apocalyptic flood waters in the fall of ‘05. The founders' visions, fueled by endorphins of kindness and adrenalin of desperation, were a beautiful thing to behold.