Colorlines

Results related to “Subprime lending”

The Housing Crisis Continues, and Many Are Tired of Waiting

The Housing Crisis Continues, and Many Are Tired of Waiting

by Von Diaz on March 5 2014, 8:30AM

The new ‘I Can’t Wait’ nationwide campaign collects and shares stories from those most affected by the ongoing U.S. housing crisis.

Topics: Economy, /NOW

Preying on Black Ambition

Preying on Black Ambition

by Kai Wright on June 12 2013, 9:02AM

From subprime mortgages to subprime credit cards and now subprime degrees, a small number of people continue to get rich off of black Americans’ aspirations.

Topics: Economy, Schools & Youth

Do You Accept Bloomberg Businessweek's Apology for Its Racist Magazine Cover? [Reader Forum]

Do You Accept Bloomberg Businessweek’s Apology for Its Racist Magazine Cover? [Reader Forum]

by Nia King on March 5 2013, 8:33AM

Last week, Bloomberg Businessweek ran a magazine cover featuring caricatures of Black and Latino people swimming in money, feeding it to their dogs, and burning it for warmth. Colorlines’ readers react.

Topics: Media

Morgan Stanley Hit With Lawsuit for Subprime Discrimination

Morgan Stanley Hit With Lawsuit for Subprime Discrimination

by Imara Jones on October 15 2012, 1:41PM

Finally.

Topics: /NOW

AARP: Black and Latino Seniors Losing Homes at Twice the Rate of Peers

by Kai Wright on July 19 2012, 1:28PM

An AARP poll shows 16 percent of borrowers over 50 are underwater, and that black and Latino homeowners are the hardest hit.

Topics: Economy, Kai Wright, /NOW

Report: Big Banks Leaving Abandoned, Foreclosed Homes in Ohio

Report: Big Banks Leaving Abandoned, Foreclosed Homes in Ohio

by Asraa Mustufa on May 10 2011, 12:03PM

Filings in at least three of the state’s cities were nearly three times more concentrated in communities of color than in majority white ones.

Topics: Economy

A Swamp of Predatory Lending Drowns Struggling Neighborhoods

A Swamp of Predatory Lending Drowns Struggling Neighborhoods

by Kai Wright on April 11 2011, 9:44AM

A growing number of states are trying to regulate high-cost, small-dollar loans. But the industry, with Wall Street’s backing, is moving fast to evade new rules.

Topics: Economy, Wealth Gap

Wells Fargo's

Wells Fargo’s “Stage Coach From Hell” Loses Subprime Wheels

by Jamilah King on July 8 2010, 5:35PM

Late last night Wells Fargo announced its plans to cut 3,800 jobs, close 638 of its Wells Fargo financial stores nationwide and officially stop handing out subprime loan packages. The move is a long time coming for a bank that’s…

Topics: Economy

The Road Forward for Protecting Communities from Shady Lending

by Kai Wright on May 21 2010, 10:57AM

The Senate passed its financial reform bill yesterday with Sen. Chris Dodd’s consumer protection bureau intact. The contours of the debate over policing the products financial players push on communities didn’t change over the course of the drawn out fight….

Topics: Economy

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