The Dream of Home Ownership Is Becoming a Nightmare

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Home foreclosures are setting records, with almost one-quarter of mortgage holders owing more than their homes are worth in the current market. Big banks were the main cause of the housing crisis, but they're resisting demands that they re-negotiate loans that are "under water." The hardest hit are racial minorities, especially women. There's evidence that they were targeted for sub-prime loans even when they could afford better deals. What will this mean for the black and Hispanic middle classes?  Is there any hope from Obama Administration?

Credits

Guests:
John Taylor - National Community Reinvestment Coalition, Kai Wright - The Nation / Colorlines - @kai_wright, Gary Acosta - Co-founder, National Association of Hispanic Real Estate Professionals, Thomas Sugrue - Professor of History and Sociology, University of Pennsylvania

Host:
Warren Olney

Producers:
Sonya Geis, Frances Anderton, Rebecca Mooney