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Why did American Home Mortgage (Subsidiary of Wells Fargo) harass this NC Homeowner - Maggie Reaves?

Meet Maggie Walker Reaves, who has fought for years against harassment from American Home Mortgage. She speaks out against Wells Fargo and it&#39 ...

For people of color, banks are shutting the door to homeownership ...

Fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and Latinos continue to be routinely denied conventional mortgage loans at rates far higher than their white counterparts.

This modern-day redlining persisted in 61 metro areas even when controlling for applicants’ income, loan amount and neighborhood, according to a mountain of Home Mortgage Disclosure Act records analyzed by Reveal from The Center for Investigative Reporting.

The yearlong analysis, based on 31 million records, relied on techniques used by leading academics, the Federal Reserve and Department of Justice to identify lending disparities.

It found a pattern of troubling denials for people of color across the country, including in major metropolitan areas such as Atlanta, Detroit, Philadelphia, St. Louis and San Antonio. African Americans faced the most resistance in Southern cities – Mobile, Alabama; Greenville, North Carolina; and Gainesville, Florida – and Latinos in Iowa City, Iowa.

America at Home: Grandparents in the Attic, Children in the Basement

In an Indian-American family, a household encompassing three generations isn’t uncommon. “There’s an understanding that parents could be living with us at some point,” Ms. Ram said.

Yet her family’s decision also reflects a growing change in the way Americans, including older people, are choosing to live.

A brief backward look: After the late 1800s, as two economists pointed out in a landmark 2000 study, most elderly widows lived with one of their children — so common a practice that it developed a nostalgic sheen, enshrined as the way things ought to be.

In 1940, however, that arrangement started crumbling. The proportion of older widows living with children declined from about 60 percent that year to 20 percent by the 1990 census.

Mr.Obama: Eco. EASY FIX: deposit $1 million in each 40 million jobless/family's acct. instead of bankers.?

Mr.President Obama: You have within your reach, the USA economy EASY FIX.

The only thing you're right about...$40 Trillion (40mil X 1 mil) would do more than $500 million about using a calculator (and some common sense) before coming up with such hare-brained ideas? Where do you think money comes from?