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3 Obvious Reasons For The Racial Wealth Gap In America

AFRICANGLOBE - One of the most disturbing consequences of the Great Recesssion was how it wiped out the wealth of many households, especially in Black communities, which had some of the highest foreclosure rates after being targeted by predatory lenders.

U.S. Homeownership Riskier For Many African-Americans, Says Rice Study

AFRICANGLOBE - Based on a new study from sociologists at Rice University and Cornell University found that while historical barriers that excluded Black America from the homeowner market for decades have crumbled, there are new signs that emerging types of racial inequality are making homeownership an increasingly risky investment for African-American home seekers.

Housing Recovery Eludes Black America

AFRICANGLOBE - Black America’s barriers to building wealth are the focus of a recent research report jointly authored by the National Urban League and Zillow, Inc., the largest home-related marketplace on the web. A House Divided: How Race Colors the Path to Homeownership, analyzes the nation’s recent and uneven financial recovery.

Is The American Dream Of Homeownership Ending For Black Americans?

AFRICANGLOBE - The US Senate is currently considering legislation that would turn back the clock on homeownership opportunities for Black Americans. The Corker-Warner legislation would transfer the securitization role that historically has been performed by Fannie Mae and Freddie Mac to a new government agency, the Federal Mortgage Insurance Corporation.

Black Middle Class Slammed By The New Economic Order

As the country continues to wrestle with economic recovery, the once surging Black middle class has seen a devastating loss of wealth. Statistics documenting the...