By Amie Fishman, East Bay Housing Organizations History will soon define the ongoing foreclosure crisis as one of the single greatest transfers of wealth in the US from middle and working class communities and communities of color to large financial institutions and wealthy investors and speculators. Instead of homeownership being associated with a hopeful pathway [...]

By ACCE Home Defenders League & East Bay MoveOn, While banks want us to believe that the foreclosure crisis is over, an examination of underwater borrowers and short sales signals another wave in the foreclosure tsunami that is devastating communities across the country.  There have been few programs created to reduce principal on loans where [...]

By Sharon Kinlaw and Steve King Generation after generation, we have seen the destruction of communities of color in the United States through institutionalized discriminatory practices, lax enforcement of civil rights and consumer laws, and tacit approval and support of market driven policies. The ongoing displacement of millions of families and liquidation of generational wealth [...]

By Jane Duong, National CAPACD Seventy-one percent of Asian-Americans and 77% of Latinos speak a language other than English at home.  Approximately 1 in 3 Asian Americans have difficulty communicating in English. With the growth of new immigrant families in the U.S., financial institutions have invested heavily in advertising and marketing to these communities in [...]

By Kevin Stein & Kristina Bedrossian, California Reinvestment Coalition   Neighborhoods of color are still reeling from the havoc wrought by the foreclosure crisis. The disproportionate number of high-cost subprime and option ARM loans in communities of color led to concentrated foreclosures and destabilization that have effectively re-redlined these communities.   Now, with limited relief [...]