Today's Date: February 2, 2023
My Cardiologist Launches The Women's Heart Health Program   •   CORRECTING and REPLACING The Center for Global Health Innovation Selects Former American Cancer Society CEO, Gary M. Reedy, as N   •   Pneuma Respiratory Announces a Novel Platform That Could Revolutionize Smoking Cessation Therapies and Reduced-Risk Nicotine Pro   •   SmartMouth Survey Reveals Consumer Concerns About the Consequences of Bad Breath and Confusion About Its Cause   •   Los Angeles County Addresses the Youth Mental Health Crisis Through a Groundbreaking, School-Based Telehealth Collaboration   •   ISTAR INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of iStar Inc. -   •   good2grow® enters food category with Snackers launch   •   "30 Days A Black Man" by Bill Steigerwald reflects on the dangerous trailblazing work of a White reporter posing as a Black man   •   Aspivix receives U.S. FDA 510(k) clearance for Carevix™, its novel cervical stabilizer   •   The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Allianz SE (ALIZY, ALIZF) Invest   •   Walser & Urban League Partner to Support Black Youth of Tomorrow   •   The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Ryvyl Inc. f/k/a Greenbox POS (R   •   CHEMBIO DIAGNOSTICS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy   •   MATTRESS RECYCLING CUTS GREENHOUSE GAS EMISSIONS, REDUCES WATER AND ENERGY CONSUMPTION   •   Black-Owned Businesses Fuel Economic Impact with Growth and Optimism   •   The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Argo Blockchain plc (ARBK) Inves   •   AHN Opens Dedicated Clinic for Obstetric Patients Experiencing Complex Heart Conditions   •   Perch Energy Appoints Maria Thomas to Board of Directors   •   Owl Be There Featured on Worldwide Business With kathy ireland®   •   FIRST HORIZON RECOGNIZED BY 2023 BLOOMBERG GENDER-EQUALITY INDEX FOR INVESTMENT IN WOMEN
Bookmark and Share

MINORITIES IFFY ON OBAMA HOUSING PLAN


WASHINGTON - —Civil rights organizations today issued the following statement on the Obama administration’s report on reforming the nation’s housing finance market. Organizations issuing the statement include— National Council of La Raza, National Fair Housing Alliance, Center for Responsible Lending, The Opportunity Agenda, NAACP, National Coalition for Asian Pacific American Community Development, National Urban League, National People’s Action, the Kirwan Institute, Bazelon Center for Mental Health Law, PolicyLink and Poverty & Race Research Action Council:

 


“In its report, the Administration pledges to ensure that all communities and families have access to capital needed for sustainable homeownership and a range of rental options. Of the three options that the Administration proposes, the first two, which call for complete and near-complete privatization, will entirely fail to meet this goal and will instead marginalize communities of color. Congress should reject these two options. The third option, offering catastrophic reinsurance, inspires more confidence than the first two, but lacks important details as to how it would serve all Americans well. As the debate moves ahead and final decisions are made, our civil rights organizations will fight to secure sound lending policies for all Americans, ensuring that the families who have long been poorly served by the market will finally have a fair shot.

 


“For decades, America’s housing finance system has operated on a 'dual track' in which factors other than a borrower’s creditworthiness affect the terms of his or her home loan. People of color and other underserved borrowers are routinely steered into substandard mortgages, even when their credit warrants a prime loan. A private secondary market helped drive this process. Full privatization would leave most Americans at the mercy of Wall Street and we know from experience the devastating results that would bring.

“The secondary mortgage market must instead provide safe, decent, and affordable housing for all, eliminate housing discrimination, and promote residential integration. Fair lending rules that protect against discrimination and deceptive practices should be at the core of reshaping the housing finance market. True reform must eliminate the dual-track structure that traps qualified families in a fringe credit market and must build a more secure and accountable secondary market, preventing future crises like the one that helped bring our economy to its knees.”  



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