Minority Children Four Times More Likely Doomed to Life of Poverty
A just released study finds that children of color are four times more likely than their white counterparts to be born into a poor family and remain disadvantaged, suffering from a range of consequences, including diminished academic standing to increased financial insecurity.
Bank of America, Walmart take Lead in ‘Worst Company in America’
Irritated consumers have moved bank giants, retailers, and other companies that continue to miss the mark on customer satisfaction into the Elite 8 of Consumerist.com’s sixth annual “Worst Company in America” tournament.
Almost a Quarter of Homeowners are Having Difficulty Paying Mortgages
A new Harris Poll finds that fully 22% of people with mortgages are having difficulty meeting their mortgage payments, and this includes 7% who are having “a great deal of difficulty”.
Fed Bailout of Foreign Banks was Financed by U.S. Taxpayers
At the peak of the financial crisis in October 2008, as Americans lost their homes because they were unable to pay their mortgages, foreign banks were the biggest borrowers from the U.S. Federal Reserve, accounting for 70 percent of all loans, just released documents under the Freedom of Information Act request show.
Blacks Worse Off in 2011 says National Urban League
African-Americans are worse off relative to their white counterparts, states the 2011 State of Black America report released on Thursday by the National Urban League (NUL).
Wells Fargo Offers Homeowner $2 Modification on Mortgage
A Wells Fargo bank in Ohio offered a homeowner who had fallen behind in his mortgage payments, a modification of $2 on his mortgage.
27 Statistics: The Real Estate Nightmare that Never Seems to End
Generally, the real estate crash that never seems to end appears to be getting worse. Home prices continue to decline, the number of underwater mortgages is soaring and the number of foreclosures set an all-time record in 2010.
Florida Stops Assistance to Homeowners Under Federal Program
Even as Floridians continue to lose their homes daily, the Rick Scott administration has stopped providing assistance to the “hardest hit” homeowners, under a federally financed program.
Bill to Tax Florida Teachers, Firefighters Clears House Committee
A Republican bill that imposes an across-the-board 5 percent tax on the salaries or participants in the Florida Retirement System (FRS), including Florida’s teachers, police and public workers, cleared another milestone when it passed a House Committee on Thursday.
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