by Moe Bedard
While suffering through the Great Depression, my grandparents never faced the challenge of making a fixed mortgage payment. Instead, they rented and moved every year. Their circumstances dictated whether it would be a move to a larger or smaller apartment. But mostly, in that era of deflation that lowered wages and prices, they were driven [...]
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by Moe Bedard
The California Reinvestment Coalition’s new research in five California cities shows re-redlining happening through a pattern of concentrated predatory lending and foreclosures, combined with higher denials for new, prime loans in neighborhoods of color. Based on original research using seldom analyzed lending and loan modification data, the report looks at how banks, including the largest [...]
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