In a new investigative report published by the National Fair Housing Alliance (NFHA), six major banks have been accused of actively engaging in discriminatory practices in the maintenance and marketing of foreclosed Real Estate Owned (REO) properties in predominantly Black and Latino neighborhoods. That  translates into foreclosed homes in Black and Latino areas across the country […]

The National Association of Real Estate Brokers, Inc. (NAREB) is confronting the Black housing crisis in an upcoming conference called, the State of Housing in Black America Issues Forum. According to U.S. census data the rate of Black home ownership is 41% compared to 71% of white people. See Also: Stars Without Makeup See Also: […]

President Obama unveiled changes to the Home Affordable Refinance Program in a campaign stop in Nevada yesterday. A city which has been hit hard by the housing crisis. Also read: When I Studied Abroad: Morocco Also read: Best Places to Travel Alone: Australia Also read: Travel Deal of the Week: San Juan, Puerto Rico HARP, […]

A newly released study carries significant weight, defying the popular belief that homeowners who defaulted on their mortgages during the economic downturn are irresponsible deadbeats who can’t manage money. The study, conducted by TransUnion, one of the three national credit bureaus, concludes that many of the homeowners who defaulted on their mortgage only did so […]

NEW YORK — The bleakest year in the foreclosure crisis has only just begun. Lenders are poised to take back more homes this year than any other since the U.S. housing meltdown began in 2006. About 5 million borrowers are at least two months behind on their mortgages and more will miss payments as they […]

PITTSBURGH – A local man finally realized his dream of homeownership after he bought a foreclosed house in November and began making repairs on it. When Andre Hall, 40, showed up on Monday to continue preparing the house for his wife and kids, he found a backhoe sitting on top of it, reports the Pittsburgh […]

The city of Baltimore is suing Wells Fargo for racist lending practices according to The company said in a statement that Baltimore has claimed racist, predatory lending practices at Wells Fargo (NYSE:WFC) which they say has led to increased foreclosures for a certain demographic. Read The Whole Story RELATED STORIES Wells Fargo Accepting Applications […]

WASHINGTON — The Obama administration is providing $3 billion to unemployed homeowners facing foreclosure in the nation’s toughest job markets.