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Washington, D.C. – NeighborWorks America, the administrator of the Congressionally authorized National Foreclosure Mitigation Counseling (NFMC) program, has stated that of the more than 870,000 homeowners who received foreclosure prevention counseling through January 31, 2010, 26% were African American homeowners, nearly three times their representation of total homeowners. In all, 52 percent of NFMC Program clients were minority homeowners, or more than twice the overall percentage of minority homeowners.
The data reported are part of the fifth NFMC report distributed to Congress in May 2010. As of May 24, 2010, more than 967,000 homeowners have received foreclosure prevention counseling as a result of NFMC funding.
Nationwide, African American homeowners make up only 9% of the nation’s homeowners. Twenty-one percent of the nation’s homeowners are racial/ethnic minorities, with Hispanic homeowners accounting for 8% – a decrease of 3% from 2009, and Asian/Pacific Islanders accounting for 4%.
Read more from: http://www.hvpress.net/news/119/ARTICLE/9183/2010-06-09.html
