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Allstate Gospel Superfest Battle of the Bands New Talent Search to Return in August!

Allstate Gospel Superfest Battle of the Bands New Talent Search to Return in August!

Producers of the Allstate Gospel Superfest

The Allstate Gospel Superfest Battle of the Bands New Talent Search to Return in August!- Jacksonville, Memphis & Washington, DC Chosen to Host the 2014 Competitions -(BLACK PR WIRE) – Cincinnati, OH – Producers of the Allstate Gospel Superfest will conduct its sixth annual new talent initiative in three major U.S. cities this coming…

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Dorothy Buckhanan Wilson Installed as International President of Alpha Kappa Alpha Sorority, Incorporated

Dorothy Buckhanan Wilson Installed as International President of Alpha Kappa Alpha Sorority, Incorporated

Charlotte, NC (BlackPR.com)

Dorothy Buckhanan Wilson of Milwaukee, Wisconsin, a business executive, was installed as the 2014-2018 International President of Alpha Kappa Alpha Sorority, Incorporated (AKA)

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Nielsen Expands Communications Leadership Team with Key Media Relations Hire

Nielsen Expands Communications Leadership Team with Key Media Relations Hire

New York (BlackPR.com)

New York (BlackPR.com) -- Nielsen today announced that Andrew McCaskill has joined Nielsen as Senior Vice President, Corporate Communications. He will report to Chief Communications Officer Laura Nelson.

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Voter Suppression: It’s Mobilization Time

Voter Suppression: It’s Mobilization Time

Written by Peter Grear

With this article we will start detailing the ingredients of a revisable action plan that needs comments and revisions as we move toward the Tuesday, November 4, 2014 General Election.  

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Las Vegas Comedian James Bean's Candid Account Of His Struggle With Suicide

Las Vegas Comedian James Bean's Candid Account Of His Struggle With Suicide

WHEN THE HUMOR IS GONE

James Bean has shown insight and understanding of the darkest moments of many people’s lives as well as ideas on how one could begin to create a life worth living even out of the depths of despair.” -– Rhonda Duncombe, LMFT, LADC

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Voter Suppression: NC Black Republican Advisory Board

Voter Suppression: NC Black Republican Advisory Board

Written by Peter Grear

Educate, Organize and Mobilize: I confess that I’m amazed. The Republican National Committee and the Republican Party of North Carolina announced last week that they have launched theNorth Carolina Black Advisory Board (BRAB) 

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Tips for Managing Stress in Your Life

Tips for Managing Stress in Your Life

Written by State Point

Stress is not only unpleasant; it can be overwhelming, ultimately preventing you from solving the problems that caused the stress in the first place. But getting focused can help you feel happier and be more successful professionally, financially and in your relationships, say experts.

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Voter Suppression: Defeating it requires two massive efforts

Voter Suppression: Defeating it requires two massive efforts

Written by Peter Grear

For black voters, Benjamin Jealous expressed what I believe to be the critical message for black voters when he said that the best way to overcome massive voter suppression is through a massive wave of voter registration.  Thankfully, the NAACP is putting this theory into action through the Youth Organizing…

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Black Women are Taking Care of Business

Black Women are Taking Care of Business

Written by Freddie Allen

Instead of breaking the glass ceiling, Black women have increasingly started making their own. According to the Center for American Progress, an independent, nonpartisan progressive institute, Black women are the fastest-growing group of entrepreneurs in the country.

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Voter Suppression: Is it partisan?

Voter Suppression: Is it partisan?

Written by Peter Grear

Educate, Organize and Mobilize: I’ve been doing commentaries on our Campaign to Defeat Voter Suppression since November, 2013.  Because the right to vote is fundamental to our democracy, I’ve tried to promote a non-partisan theory of voter enfranchisement. 

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Why vote? ALEC and the Doctrine of Exclusion

Why vote? ALEC and the Doctrine of Exclusion

By Peter Grear

Educate, Organize and Mobilize: Frequently, in going forward it is imperative to examine your history.  In 1638 the Maryland Colony issued a public edict encouraging the separation of the races that became the public policy of America. 

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Download Greater Diversity News Digital PDF Edition for FREE

Download Greater Diversity News Digital PDF Edition for FREE

FREE Full PDF Edition includes stories not featured on the website

The FREE Full PDF Edition includes stories not featured on the website. No paper, no hasel, read on your laptop or mobile devices. 

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ComplianceTech Study Finds Wide Discrepancy in Home Mortgage Credit Between Minorities and Whites During Housing Downturn

Written by Featured Organization on 17 February 2011.

Arlington, VA -- Compliance-Tech, a leading provider of technology and mortgage data analysis for government agencies, nonprofit organizations and financial institutions, today released a study documenting a significant decrease in home mortgages to African Americans and Latinos in comparison to non-Hispanic whites since the onset of the housing downturn. The analysis of data collected under the Home Mortgage Disclosure Act (HMDA) disclosed that African Americans and Latinos borrowed 62 percent less to buy or refinance homes in 2009 than they borrowed in 2004, which was before the housing market collapsed. Mortgages to whites declined only 17 percent, while Asians obtained nearly an equal amount in mortgages. “This is the first comprehensive research on the distribution of prime, subprime and Federal Housing Administration (FHA) loans by race leading up to and after the housing market collapse,” said Maurice Jourdain-Earl, co-founder and managing director of ComplianceTech, which is based in Arlington, Va. “The purpose of the report is to shine a bright light on the facts regarding the distribution of loan types by race, the impact of loan types on the cost of credit, loan performance and the disparities in access to credit for home mortgages.” The study, which used HMDA data collected from 2004 to 2009, shows that disparities exist for the three types of loans—prime, subprime and those insured by FHA. Specifically, the study found that: * African Americans and Latinos have significantly less access to prime loans than whites. * Between 2004 and 2009 the number of white prime loans decreased 31%, while prime loans made to African Americans and Latinos decreased 76%. Prime loans to Asians decreased 28%, slightly less than whites. * Whites were the largest users of subprime loans, and their share totaled more than all those of borrowers of color combined. Between 2004 and 2009, whites received 4.1 million subprime loans, followed by Latinos, 1.3 million; African-Americans, 1.2 million; and Asians, 179,000. * The drop in the number of subprime rate loans was greatest for African Americans and Latinos. For example, in 2004, African Americans received 218,665 subprime rate loans. By 2009, the number was down to 10,416, a decrease of 95%. In 2004, Latinos received 190,335 subprime rate loans, which went down to 14,774 by 2009, a decrease of 92%. * Whites had the largest dollar volume and number of FHA loans in each year, from a low of 227,445 FHA loans in 2006 to a high of 1.2 million in 2009. Between 2004 and 2009, the number of FHA loans to whites grew 238%, compared to African Americans and Latinos at 80% and 119%, respectively. Mr. Jourdain-Earl said he conducted the study because of his belief that the disparity in access to credit is exacerbated by the erroneous assumption that lending to borrowers of color was the root cause of the mortgage market meltdown. The HMDA data directly refute that contention. “I was also motivated by the demographic shift in FHA lending and the false accusations that Fannie Mae and Freddie Mac contributed to the housing crisis by purchasing loans from borrowers of color to meet their affordable housing goals,” he said. “Many political leaders don’t realize, or don’t want to recognize, that it was mainly the volume of defaulted loans from white Americans that impacted the housing crisis. Minorities simply did not generate enough loans to have that kind of universal impact. “ Mr. Jourdain-Earl said unfortunately there are no public data available to ascertain the racial distribution of defaults and foreclosures. “There is a dire need for foreclosure data to be collected by race and other demographic criteria, such as borrower income and income of census tracts,” he said. “It would be easier to address the foreclosure issue if this type of information were available.” A complete copy of the report is available for download at www.compliancetech.com.

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