How's Everybody Doing?

Just a short note to encourage U. Continue to fight for your home. You are not in the fight alone. By the Grace of God He will bring you threw. You can make it. I know sometimes this statement sounds cheap while U are in the middle of the battle. But I am praying for you. For he alone has the power to Turn It Around.
 Remember there are loans to help U.



Click on the link SAVE YOUR HOME for more information

HOME LOANS AVAILABLE TO SAVE YOUR HOMES

Home Loans Available To You, and Other Loans Also.

My Personal Experience With Foreclosure...... Read more

Hello Everyone. I thought I would post this info on the blog. I have found a great source of funding for home loans. Doesn't matter what you situation is. You can get funded.You heard me right, THERE IS MONEY TO HELP YOU.

                 With the country going in the direction of halting foreclosures while they investigate, why not use this time to get the much need funds to become current. Click on the link:

Okay Let's Talk About What No One Really Want To Say Out Loud.  What is that you say?

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Do you have a situation in your financial world right ????

I know you got here because of  a possible foreclosure, but are you

In need of a car? Behind on your mortgage? Bills, Bills, Bills

Credit card debt. Just to name a few.  You don't want to miss this page.

Go to All Solutions Network see how It can be a help to you.

 

                   

Racial predatory loans fueled U.S. housing crisis.

This article was posted on the Wall Street Journal that I think would be of great value.Check it out Charles T.


By Nick Carey


CHICAGO (Reuters) - Predatory lending aimed at racially segregated minority neighborhoods led to mass foreclosures that fueled the U.S. housing crisis, according to a new study published in the American Sociological Review.
Predatory lending typically refers to loans that carry unreasonable fees, interest rates and payment requirements.
Poorer minority areas became a focus of these practices in the 1990s with the growth of mortgage-backed securities, which enabled lenders to pool low- and high-risk loans to sell on the secondary market, Professor Douglas Massey of the Woodrow Wilson School of Public and International Affairs at Princeton University and PhD candidate Jacob Rugh, said in their study.
The financial institutions likely to be found in minority areas tended to be predatory -- pawn shops, payday lenders and check cashing services that "charge high fees and usurious rates of interest," they said in the study.
"By definition, segregation creates minority dominant neighborhoods, which, given the legacy of redlining and institutional discrimination, continue to be underserved by mainstream financial institutions," the study says.
Redlining is the practice of denying or increasing the cost of services, such as banking and insurance, to residents in specific areas, often based on race.
The U.S. economy is still struggling with the effects of its longest recession since the 1930s, which was triggered in large part by the housing crisis, which was in part triggered by the crash of the subprime loan market.
Subprime lending refers to loans made to consumers with poor credit and others considered higher risk. They tend to have a higher interest rate than traditional loans.
The study, which used data from the 100 largest U.S. metropolitan areas, found that living in a predominantly African-American area, and to a lesser extent Hispanic area, were "powerful predictors of foreclosures" in the nation.
Even African-Americans with similar credit profiles and down-payment ratios to white borrowers were more likely to receive subprime loans, according to the study.
"As a result, from 1993 to 2000, the share of subprime mortgages going to households in minority neighborhoods rose from 2 to 18 percent," Massey and Rugh said.
They said the U.S. Civil Rights Act should be amended to create mechanisms that would uncover discrimination and penalize those who discriminated against minority borrowers.
The study is published in the October issue of the journal.
(Editing by Paul Simao)

Need Help With A Foreclosure

WHAT'S HAPPENING IN THE WORLD OF FORECLOSURE

                    Hello everyone, just wanted to share something I was just made aware. I am just amazed at the effect foreclosure is having on the States. It seems to me that stopping foreclosure should be the number 1 topic in congress.. But anyhow, Students that are coming home from college after school, are finding that because many of their families have gone threw foreclosure, they have no place to go. Many of there parents are needing to stay with extended family members.This is a terrible feeling. How do I know. WELL, when I came home from the military back in  1977, my Mother had just lost Her home in foreclosure. I came home to her living in a mission. Which only gave me 30days to find a place.It put me on the streets. HOMELESS. I wonder how many others are being made homeless thru foreclosure. That's enough for today. looking for your comment.