Today's Date: August 10, 2022
Test Release special characters in the headline © ® ™ é ñ ü ç î ò   •   The LOHM in partnership with REFORM Alliance Launches #RemissionNow Campaign   •   Greenwood and Travis Hunter Sign NIL Deal and Partner to Launch the “Choose Black” Campaign   •   LIBERTY Dental Plan of New York Awards 12 Scholarships in Partnership with PENCIL   •   Poll: Over Half of Voters of Color Oppose Government Negotiation of Drug Prices Once They Learn About Consequences for Patients   •   URBAN ONE, INC. REPORTS SECOND QUARTER RESULTS   •   LIBERTY Dental Plan of New York Awards 12 Scholarships in Partnership with PENCIL   •   Fresno City Council Members and Safety Advocates Come Together to Oppose Dangerously Flawed California SB 930 - the 4 a.m. Bar   •   Mogul Launches Nationwide Campaign Called “Build Better Boards” to Champion More Diverse Boards   •   Ziegler Closes Acquisition Financing For Well-Spring Obligated Group   •   Catholic Education Arizona Welcomes Three New Board Members   •   mCloud Announces Second Quarter 2022 Financial Results Conference Call   •   NBFA President Boyd Releases Official Statement on President Biden's Withdrawal of Support for Black Farmers   •   Greenwood and Travis Hunter Sign NIL Deal and Partner to Launch the “Choose Black” Campaign   •   Test Release special characters in the headline © ® ™ é ñ ü ç î ò   •   Mogul Launches Nationwide Campaign Called “Build Better Boards” to Champion More Diverse Boards   •   Los Angeles Non-Profit RaiseAChild Awarded 2023 AARP® Purpose Prize® Grant   •   Aflac & Sunrise Association deliver joy to more than 150 children and families dealing with childhood cancer in Long Island   •   “What I Want to Know with Kevin P. Chavous” Podcast Launches Third Season in Search of Answers to Education’s   •   TÜV Rheinland celebrates 150 years with a series of social actions

Notice: Undefined index: currentSection in /home/blackradionetwork/public_html/page.php on line 176
Bookmark and Share

Discrepancies Detailed In Minority Foreclosures

 

Foreclosure Rescue Scams: A Nightmare complicating the American Dream” – A research study by NCRC

Today, the National Community Reinvestment Coalition released a report addressing the concerns surrounding foreclosure prevention rescue scams. The research study was conducted for a period of three months in mid-2009 using “fair lending matched pair testing” or mystery shopping” to assess the extent of the problem. Findings of the study demonstrate that an aggressive legislative solution and added public and private oversights and enforcement are necessary to prevent consumers from being harmed.

  

Foreclosure modification scams have been a problem for years. However, this insidious practice has become more prevalent in the recent increase of foreclosures. Scammers mislead homeowners into believing that they will get a modification that significantly lowers their payment, or stabilizes an exploding adjustable rate mortgage or “ARM.” Common scams perpetuated against consumers, include phantom help, reverse mortgages, title theft, and short sale fraud. Often times, scams come in the form of ads in the newspaper, internet, public files at local government offices, television and personalized letters to homeowners.

Click here to read the report in its entirety.

 

The National Community Reinvestment Coalition is an association of more than 600 community-based organizations that promote access to basic banking services, including credit and savings, to create and sustain affordable housing, job development and vibrant communities for America's working families.

 

###

 

 



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News