Survey Finds Racial Disparities Under Anti-Foreclosure Program
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.”
Read the article at: The Washington Independent
Please visit our Foreclosure category to learn more about foreclosure issues.
Tags: Foreclosure, hamp, loan modification
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