Tag: Mortgages

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Business

A real way to save our mortgages

HARRY C. ALFORD (NNPA)—It is now five years since the great financial crisis of 2008, which saw housing markets plummet, the stock market swoon, and millions of Americans lose their jobs in the wake of the recession that ensued. While many sectors have recovered—for example, the stock market has eclipsed pre-crisis levels and we are once again creating new jobs, albeit at too slow a rate—one area still lags woefully behind. There are still tens of millions of homeowners with underwater mortgages and millions of Americans struggling or unable to afford the payments on their mortgage loans. A very high number of them are Black.