It seems it’s not enough that black people are having it rougher than anyone else when it comes to unemployment. Now it seems that black and Hispanics are both having a tough go of it when it comes to getting fair mortgage rates. A Federal Reserve report came out showing that 54.7% of black borrowers [...]
Posted on December 13th, 2009 in loans
Tags: Bank of America, Barney Frank, blacks, Chase, Citigroup, discrimination, Federal Reserve, Hispanics, home loans, mortgage rates
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Posted on November 25th, 2009 in employment
In good economic times, black people suffer greatly in the United States. When unemployment for the rest of the country was around 6%, for black people it was around 11%. For young people under the age of 25, it was around 25%; ironic, right? Therefore, it’s no surprise that with the country’s unemployment rate being [...]
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