Another undeserved attack on an African American institution
“We gotta be sure minority banks stay in the high-risk, buy information pills link low-income areas.” Photo by Dan Drew … The issuance of a large number of subprime mortgage loans helped to facilitate the collapse of the banking system between December 2007 and September 2010 …
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Mortgage rates zig while bonds zag: Implications for homebuilders
Many originators are now beginning to originate stated-income loans—not to be confused with liar loans of the sub-prime days. These loans will have a higher interest rate than a generic Fannie Mae 30-year loan. That could explain why mortgage rates …
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Poor cut off from banks as U.S. lags most of G-7
She needed to establish a financial history to qualify for a loan to start a catering business, so Austin Tobin opened accounts this year under a "Fresh Start" banking program that aims to help those who had mismanaged finances. Her savings, while …
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