Group warns against return of 'dual credit' mortgage market

Center for Responsible Lending: Homeownership helps families build wealth

The spillover impacts of foreclosures have wiped out nearly $2 trillion in household wealth, and the housing downturn resulted in the largest documented wealth gap between white households and families of color, the Center for Responsible Lending says in a report released today.

The report also maintains that homeownership remains one of the most accessible ways to build wealth, and that home equity has been critical to helping American families