Homeownership Still on Fiscal Cliff

WASHINGTON – While President Barack Obama and the Congress remain engaged in a never ending battle over the nation’s fiscal matters, Americans continue to struggle with their own share of fiscal fracases. The discussion over whether to lift the nation’s debt ceiling or increase taxes on the wealthy, is only a distraction from the greater […]

California Still Dominates Foreclosure Scene

IRVINE — California is still dominating the foreclosure scene. California cities made up seven of the top 10 metro areas with the highest rates of new foreclosures in the first six months of this year, according to data to be released Thursday by RealtyTrac, which tracks foreclosure properties. That’s unchanged from the same time last […]

Are Communities of Color Treated Differently After Foreclosure?

NATIONWIDE – The current foreclosure crisis constitutes a monumental civil rights issue. Communities of color were targeted for risky mortgage loans, have experienced disproportionately high foreclosure rates, and have been stripped of vast amounts of wealth because of discriminatory lending practices. From 2005 to 2009, median wealth fell by 66 percent among Latino households and 53 […]

Discrimination by Banks in Treatment of Foreclosed Properties Uncovered

WASHINGTON – Today, the National Fair Housing Alliance (NFHA)and four of its local member organizations announced the results of an undercover investigation into the ways the nation’s financial institutions are failing to maintain and market Real Estate Owned (REO) properties in African-American and Latino neighborhoods.  The investigation of REO properties in nine major U.S. cities […]