Wednesday, March 31, 2010

white homeowners are 50 percent more likely than blacks to receive loan modifications

Black homeowners are roughly 50 percent less likely than whites to receive help under the largest of the administration's anti-foreclosure programs, according to a new survey of qualified families.

The findings have raised questions on Capitol Hill about the fairness of the program, led housing advocates to reiterate calls for a more aggressive foreclosure prevention initiative, and put the White House on the defensive just as it steps up its multi-pronged strategy to stabilize the troubled housing market.

rest at http://washingtonindependent.com/80845/survey-finds-racial-disparities-under-white-house-anti-foreclosure-program

No comments:

Post a Comment