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Nov 02 2008
Rev. Jesse L. Jackson, Sr. at Anitoch Missionary Baptist Church Oct. 16, 2007
FACT: In 2006, the foreclosure rates were higher among African-Americans and Latinos. However, Caucasians struggled with predatory lending practices as well. Last year, more than 72 percent of home refinance loans issued to African American Detroiters were high-cos, high interest loans, according to a September 2007 study commissioned by ACORN. More than 48 percent were issued to Latinos, and 36 percent to Caucasians. Similar Numbers were found in Flint, Lansing, Saginaw, and Pontiac.
Nov 02 2008
Rev. Jackson Interview at Antioch Missionary Baptist Church in Flint, Michigan Tuesday, October 16th 2007
FACT: n 2006, the foreclosure rates were higher among African-Americans and Latinos. However, Caucasians struggled with predatory lending practices as well. Last year, more than 72 percent of home refinance loans issued to African American Detroiters were high-cos, high interest loans, according to a September 2007 study commissioned by ACORN. More than 48 percent were issued to Latinos, and 36 percent to Caucasians. Similar Numbers were found in Flint, Lansing, Saginaw, and Pontiac.