Help Bankruptcy

Putting a Spouse on the Title? It's Simpler Than It May Seem.   Q: M y husband wants to put my name on the deed to his house. Because he obtained the mortgage a long time before our marriage, we have been told


Hiring fueled by housing boom may ebb  The booming real estate market sparked a lot of fresh jobs - new brokers, construction workers, mortgage brokers, etc.read more...


Homes Now Beyond Reach for Many  read more...


Consumers Corner Focuses on Residential Home Building Know-how  The latest edition of the Department of Labor & Economic Growth's cable show Consumer's Corner, hosted by Director Robert W. Swanson, addresses consumer information on residential home building.read more...


ECM Libra cautious on banking sector  ECM Libra is cautious about the prospects for the banking sector as loan growth indicators are moderating, non-performing loan ratios are currently flat, and the economic outlook is weakening.via


Bear Stearns eyes mortgage market here (Ireland Business World)  A British unit of the investment house Bear Stearns is thinking of entering the Irish mortgage market, according to sources at the weekend. Rooftop sells its mortgages online and through

November 4th, 2007

Black Atlantans more vulnerable than whites in subprime market

“If what you get in your mailbox is a certain set of lenders all the time, then those are the lenders you think about going to”

An analysis of federal mortgage data has shown that Black Atlantans were the most likely minority group to end up with a subprime mortgage making them more vulnerable in the current loan crisis.

The Atlanta Journal-Constitution reported on Sunday that nearly half of blacks who bought a house in 2005 or 2006 did so with the high-interest mortgages, compared with 13 percent of white home buyers.

This was the case across income groups, as 41 percent of black home buyers making more than $100,000 a year got a subprime mortgage, compared with 7 percent of whites making the same amount. More Technorati Tags via Yahoo:
posted by admin in
Mortgages 

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

Couldn't find your convert utility. Check that you have ImageMagick installed.