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Tag: Subprime Loans


New Study Shows Why It Makes Absolutely No Sense to Blame the Poor for the Financial Crisis

Despite efforts to blame the housing crisis on lower-income buyers, the truth is that the rich had a greater impact on the economy by defaulting on significantly larger mortgages.

Posted on Jan 28, 2015 READ MORE



JefferyTurner (CC BY 2.0)

Banks Suspected of Racial Bias in Housing Crisis Aftermath

Financial institutions handling foreclosures, especially Bank of America, have been accused of letting properties in minority neighborhoods deteriorate. The National Fair Housing Alliance collected evidence that the bank is maintaining foreclosed houses in predominantly white areas in far better conditions.

Posted on Sep 28, 2013 READ MORE


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