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The High Price of Home Ownership

Number 23378
Subject Home Mortgage Lending
Source Chicago Reporter
State IL
Year 2007
Publication Date 09/01/2007; 10/01/2007; 11/01/2007
Summary "In 2007, the housing market was in turmoil. People were losing their homes. Many blamed the homeowners." The authors wanted to see "what role lenders played nto putting unsuspecting homeowners into precarious loans that they could not afford." They found that "not only were lender partially to blame, but there were wide disparities in the race" of who was most affected.
Category Contest Entry
Pages 30
Keywords homeownership; lenders; corruption; racial gap; race; loans; foreclosure; home mortage
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