Moratorium on Mortgage Foreclosures – Part 1

Detroit, Nov. 27 outside Conference of Mayors Mtg. at MGM Casino discussing nationwide housing foreclosure crisis – demonstrators say, “It’s an emergency – enact a moratorium on foreclosures.” It was done in 25 states during the depression.
Duration : 0:1:15

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A Word From Rev. Jackson Regarding the National Foreclosure

FACT: n 2006, the foreclosure rates were higher among African-Americans and Latinos. However, Caucasians struggled with predatory lending practices as well. Last year, more than 72 percent of home refinance loans issued to African American Detroiters were high-cos, high interest loans, according to a September 2007 study commissioned by ACORN. More than 48 percent were [...]