Comments on: Subprime Mortgage Crisis Draining Wealth From African-Americans

By: Corbes

Corbes — Thu, 24 Apr 2008 10:58:04 +0000

Why would they say that? Is it political reasons?

By: Lee

Lee — Sat, 08 Mar 2008 14:06:53 +0000

It’s a domino effect that starts with sub-prime and continues to collapse the entire economy. People need and are looking for options.

By: myspace layouts

myspace layouts — Tue, 04 Mar 2008 14:03:57 +0000

I don’t know why mortgage lenders have targeted the poor–in particular blacks–with high cost loans that they can’t afford?

By: Jim Boyer

Jim Boyer — Fri, 22 Feb 2008 17:08:54 +0000

I don’t know if I would say targeted them. My own experence with home buyers has been that there were some ethnic groups who had much better credit than others. Those with the much better credit did not need nor did they get sub-prime loans. Many who did get subprime loans could have used them to rebuild there poor credit, but they did not do that. They continued in there old, less responsible ways, not paying bills on time, not rebuilding their credit ratings. So of course went he 2 years was up and the subprime could be refinanced, many of these people had the same or worse credit score than they had when they got the subprime loan. I think the blame is on the borrower as much as it is on the companies making the loans to them.

By: Handyblogger

Handyblogger — Fri, 22 Feb 2008 05:33:56 +0000

Hopefully, we will all be able to walk away from it

By: Miami Contract Attorney

Miami Contract Attorney — Thu, 21 Feb 2008 14:00:17 +0000

A recent article I read noted that the worst loans often are given to the borrowers with the least financial knowlege and experience, which usually means poop people, or those from poor backgrounds. Another interesting article noted that we are becoming a debtor society, which is encouraged by lenders, especially credit card companies. This means that instead of the average person earning the interest on their savings over time and building wealth, a corporation earns the interest on borrowers’ debts.

By: Micki

Micki — Thu, 21 Feb 2008 10:50:37 +0000

“Foreclosed–The State of the Dream 2008.”
Whats the title. HAHAHAHA