Survey Finds Racial Disparities Under Anti-Foreclosure Program

On April 17, 2010, in Foreclosure, by Robbie L. Vaughn, Esq.

A recent Washington Independent article states that Black homeowners are roughly 50 percent less likely than whites to receive a mortgage modification under the largest of the administration’s anti-foreclosure programs. The article states that “…just 24 percent of black respondents eligible for mortgage modifications under the HAMP have received one, according to a survey conducted over the last two months by the National Community Reinvestment Coalition, an advocacy group. By contrast, roughly 36 percent of HAMP-eligible whites benefited from a modification under the program.”

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