Southwest Michigan First’s Business First: 07/20/2008

Southwest Michigan First’s Sunday morning segment on NewsChannel3 focuses on Kalamazoo, Michigan’s business and community leaders. In this July 20, 2008 segment, Ron Kitchens, Chief Executive Officer of Southwest Michigan First, speaks with Brad Roche of mortgage Plus Lending Group.
Duration : 0:2:2

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FACT: In 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 [...]

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FACT: In 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 [...]

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