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Study: Foreclosures hurt family stability

Civil rights group calls for better government intervention
Published on Feb 18, 2010

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by CareyBot

As the one-year anniversary of the Obama administration's Homeowner Affordability and Stability Plan approaches this week, a new study reveals the damage foreclosures have had on Latino families and recommends government intervention to ease the financial and psychological effects of losing a home, the National Council of La Raza said Tuesday.

"An estimated 1.3 million Latino families will lose their homes to foreclosure between 2009 and 2012. This represents a shocking loss of wealth and a major blow to community stability," said Janet Murgu ...

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