Industry News

Civil rights groups call for moratorium on foreclosures

Minorities hit disproportionately by subprime lending crisis
Published on Apr 4, 2007

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by CareyBot

Civil rights groups Wednesday called for a six-month moratorium on foreclosures on homes purchased using “reckless and unaffordable” subprime loans, saying a disproportionate share of the harm done by those loans is falling on African-American and Latino homeowners and their ...