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U.S. Home Foreclosures Soar in August

Franklin @ September 18, 2007 # 2 Comments

The question nobody asks is why aren’t banks restructuring loans to avoid foreclosures? That’s what they did in the past, most credit counseling services will tell you that the banks will restructure the loan before letting it default. However, something is different this time. It is a change that is puzzling regulators and the media […]

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African-American and Latinos Hardest Hit by Foreclosure Crisis

Franklin @ September 5, 2007 # No Comment Yet

A new Acorn study found that African-Americans and Latinos are the groups hardest hit by foreclosures due to their exposure to high cost home purchase loans. During the past few weeks, politicians and the media have been covering the issue of the foreclosure crisis and in general tended to blame “unscrupulous lenders” or borrowers who […]

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