Share 'Black and Hispanic Groups Call for Foreclosure Moratorium in Sub-Prime Market'

(Taylor Media Services) National civil rights groups yesterday (Wednesday) called for mortgage lenders and investors to institute an immediate six-month moratorium on sub-prime home foreclosures which they suggested are resulting from the fact that the industry saddled many Black and Hispanic homebuyers with "reckless and unaffordable loans." Sub-prime mortgage loans are usually those given to ...