Tag Archives: mortgage crisis
“From 2009 to 2013, if you lived in a majority-black or Hispanic neighborhood and you wanted to apply for a mortgage, Hudson City Savings Bank was not the place to go,” stated U.S. attorney Paul Fishman. On September 23, the Department of Justice and the … Continue reading
Cleveland is the latest city to allege that Bank of America is neglecting foreclosed properties in mostly Latino and African American neighborhoods, while maintaining properties in white neighborhoods. What is the effect on communities of this inequity?
Last year, we shared Richmond, California’s innovative approach to quelling its foreclosure crisis: using eminent domain to protect homeowners from banks. The concept has since been backed by UC Berkeley’s Haas Institute for a Fair and Inclusive Society and attracted the interest … Continue reading
The wealth gap is becoming a wealth chasm. How do homeownership opportunities contribute to economic equity? Plus, we share updates on banks’ settlements.
Every week, Praxia Partners shares important community-building news. This week, we have a special edition of the weekly news round-up that focuses on the mortgage crisis and strategies communities are taking to recover in the wake of the mortgage and foreclosure … Continue reading