Daily Archive: October 1, 2010


2009 HMDA report shows setbacks for Blacks, Latinos

(NNPA)—In the 1930s movie classic, “It’s a Wonderful Life,” a family run savings and loan was the only opportunity in a town for working families to secure a mortgage and know the pride of home ownership. Fast forward to 2009, and the available financial tools to home ownership are still elusive, especially for people of color. According to the recently released Home Mortgage Data Act Report, last year African-Americans and Latinos experienced “notably higher” application denial rates than those experienced by White applicants. Moreover, this disparity existed even when taking risk factors into account whether the application was for a home purchase or refinance of an existing loan.


Poverty rate among Blacks nearly double that of Whites

Washington, D.C.— Annual data released by the U.S Census Bureau indicates that 43.6 million Americans—one in seven people—now live in poverty. This is the largest number of people in poverty in the 51 years for which the estimates are available. The figures also show that African-Americans experience poverty at a much higher rate than whites. “It’s troubling that in one of the world’s wealthiest nations, one in four African-American households struggle to provide for their families,” said Bishop Don Dixon Williams of Bread for the World’s Church Relations department. “The vast disproportion in poverty rates between African-Americans and Whites suggests that we must urge our nation’s leaders to do more to end poverty and hunger.”



The joke’s on you

This is a shout out to all the people who think they are getting away with something. First to the students who are texting in class while they should be doing their schoolwork. Now that school is back in session I hear stories every day from distraught parents that I work with. Their children are in class and texting their friends when they should be paying attention to the teacher. The kids think this is funny because they are slick enough to text while the teacher is right in front of them.