FROM Gary Acosta
Latinos Hit by Foreclosure Crisis Between 2004 and 2008, Latinos received 30% of all California's home mortgages, but were subject to 48% of foreclosures. That's according to a report by a national consumer-advocate group, the Center for Responsible Lending. We hear from the director of CRL's California office and from the co-founder of NAHREP , the National Association of Hispanic Real Estate Professionals.
The Dream of Homeownership Becomes a Nightmare One of the main stumbling blocks to economic recovery is the record pace of home foreclosures. The National Association of Realtors says one-quarter of US mortgage holders is "underwater." Those most likely to feel the pain are blacks and Latinos, especially women.
The Dream of Home Ownership Is Becoming a Nightmare 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?
The Trump agenda: where's the beef? President Trump says big things are happening. After celebrating a House bill on health care, he doesn’t yet have Senate agreement. With James Comey’s public testimony scheduled tomorrow, the President today tweeted his selection of a new FBI Director. Is the Chief Executive all style and no substance? Later, terror attacks in Iran and conflicting claims about who’s behind them.
Ex-FBI Director Comey tells his side of the story Today, former FBI Director James Comey came close to calling the President who fired him a liar. The White House denied the claim and called it insulting, but Republican Senators did not challenge Comey’s truthfulness. Many questions remain: did the President try to obstruct a federal investigation? Later, we’ll go behind the “velvet rope” for a look at 5-Star health care for the richest Americans.