Access denied updating a dream

06-Feb-2020 23:59 by 8 Comments

Access denied updating a dream - courting vs dating statistics

Why do so many Blacks and Latinos continue to suffer disproportionate denials for mortgage loans?

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When I try and access the restored site I get this message: PDOException: SQLSTATE[28000] [1045] Access denied for user 'aaaa-dr90'@'10.0.1.38' (using password: YES) in lock_may_be_available() (line 167 of /home/sites/xxxx.org/public_html/yyyyy/dr845/includes/lock.inc).So,why are conventional mortgage loans so rare for Black borrowers, when Black college graduation rates are growing and many are living in the suburbs with higher earnings?One reason could be that the average credit score needed to get a loan has risen substantially.The vast majority of loans to Black consumers in 2015 continued a trend that has grown stronger year to year since the housing meltdown: government-backed loans like FHA or VA account for the overwhelming majority of loans made to Black consumers – 120,618, more than double that for conventional loans.Latino consumers received more with 162,317 loans, but far less compared to 765,880 for Whites.“Although the nation’s banks have largely recovered from the financial crisis,” continued CRL, “the 2015 HMDA data illustrate that they are not using their rebuilt capital to create homeownership opportunities, particularly not for borrowers of color and low-income families.” “Before the Great Recession,” added Rothstein, “half of all African-Americans owned their own homes. Before the Great Recession, the net worth of African-American homeowners averaged 4,000. This was not a natural calamity that befell the Black middle class but one precipitated in part by unlawful banking and governmental practices.” When it comes to homeownership, the facts are clear.

The real question for Black America is, ‘what do we intend to do about it?the connection of the American Dream mythology to institutions of change is a worthy contribution, and Soyer’s critical gaze as a result of having grown up in Germany is unique.""Soyer situates her analysis of young men’s desistance efforts in a broader critique of the American myth of meritocracy.She skillfully weaves ethnographic data and social theory to show how the young men’s lives are shaped by their social circumstances, juvenile justice system involvement, and the cultural narratives that rationalize and enable their marginalization.By Charlene Crowell (NNPA Newswire Columnist) In recent weeks, a spate of news coverage has referred to America’s “inner cities.” Some may even interpret it as a new code word for minorities, usually referring to Blacks and Latinos.Yet today, according to Richard Rothstein, a research associate with the Economic Policy Institute, the inner city experience does not encompass all of Black America.’ Economic inclusion – not exclusion – would offer a real chance to build more Black economic security.