WASHINGTON -- Wells Fargo & Co has agreed to pay $125 million to resolve allegations it discriminated against certain borrowers on the basis of race and national origin in its mortgage lending, the U.S. government said on Thursday. Wells Fargo also agreed to contribute $50 million to help those buyers making down... Continue Reading »
Mar 16th 2011 8:42AM
Ready to cough up a higher down payment to buy a home? Mortgage financing availability was cited as the single-greatest factor prohibiting people of color from fulfilling dreams of homeownership, according to a March survey of multicultural real estate professionals -- some of whom say policy makers need to do more for... Continue Reading »
Aug 26th 2010 10:40AM
Not long after University of Chicago systems administrator Vanessa Matthews, 49, separated from her husband, she experienced grave economic hardship. Not only did she lose her estranged husband's income, which had helped pay the $2,539 mortgage payment on the couple's duplex in the Bronzeville neighborhood of Chicago, but... Continue Reading »
May 11th 2010 11:00AM
Our nation's foreclosure crisis has left an estimated 1 million dogs and cats abandoned, according to the American Society for the Prevention of Cruelty to Animals. Many pets lose their homes and human families when owners can't find an apartment that accepts pets. Enter, "Fluffy's Law." Our neighbors to the north in... Continue Reading »
Feb 8th 2010 10:30AM
Think time travel is impossible? Then explain how we've moved the clock back to 2003. The latest Census stats on homeownership show that just 67 percent of U.S. households own their home, down from a peak of 69 percent in 2007. That brings the share of homeowners back down to its level seven years ago. The nation... Continue Reading »
