WASHINGTON – As the housing market recovers a new report by the Urban Institute shows that African-American borrowers "have been disproportionately shut out of the market."
According to the report titled, "Where Have All the Loans Gone? The Impact of Credit Availability on Mortgage Volume," the share of African-American borrowers was 6 percent in 2001 but fell to 4.8 percent in 2012. By contrast, the share of white borrowers increased more than 3 percent from 2001 to 2012 and now account for 71.2 percent of mortgage loans.
From 2001 to 2012, the number of loans that went to African-American borrowers decreased by 55 percent while the number of loans to whites dropped 41 percent, with most of the losses occurring after 2005.
U Can of Memphis presents 'Let's Rap' panel discussion
U Can of Memphis presents the "Let's Rap" Dream Big Empowerment Panel Discussion at the House of Mtzenzi Museum at 1289 Madison Ave. on Saturday (March 29th).
The goal of "Let's Rap" is to give teens a creative outlet to unplug hidden talents and discuss today's issues.
Saturday's event is from 2 p.m. to 5 p.m. and will be hosted by James Wesby, co-founder/VP Business Development, Blocally.
When Dayton squares off against Florida on Saturday at the FedExForum a trip to the Final Four will be on the line. Fans rooting for the Flyers and the Gators will be looking for an effective hookup and an enhanced mobile experience when they pull out their wireless devices to share the most exciting moments with friends and family.
No worries. AT&T has expanded its mobile Internet coverage at FedExForum, upgrading its Distributed Antenna System (DAS) to enhance the customer experience throughout the facility.
"We are able to attract big time sporting events like the NCAA tournament to Memphis because our facilities enable the full fan experience like handling tens of thousands of simultaneous tweets during games," said Memphis Mayor A C Wharton. "We want visitors to our city to be able to connect with family and friends and share the highlights from the games and the great atmosphere, entertainment and hospitality that Memphis offers."
Is it possible for your baby to become too attached to you?
That's the question many parents may find themselves pondering at some point during their child's first years. Mothers and fathers can often confuse being attentive to a newborn or toddler's needs with smothering or spoiling the child.
There is a widespread sentiment that too much warmth and affection will lead to a child who is too needy or 'clingy'. But according to experts, this notion is false.
Nearly all African-American students report that they aspire to earn a postsecondary degree, but most are inadequately prepared to succeed in their first-year courses in college, degree or certificate programs, according to a report released today by ACT.
The report, The Condition of College & Career Readiness 2013: African American Students, shows that only 10 percent of African-American 2013 high school graduates met at least three of four ACT College Readiness Benchmarks, compared to 39 percent for all ACT-tested graduates.
The research-based ACT College Readiness Benchmarks specify the minimum scores students must earn on each of ACT's four subject tests (English, mathematics, reading, and science) to have about a 75 percent chance of earning a grade of C or higher in a typical credit-bearing first-year college course in the corresponding subject area. ACT research suggests that students who meet the benchmarks are more likely than those who do not to persist in college and earn a degree.
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