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Voter Outreach

Voter Outreach

Concepts, strategies and objectives to move voters to action

Written by Peter Grear Educate, Organize and Mobilize: Each week over the past several months I’ve written about various aspects of voter suppression with the purpose of explaining its concepts,…

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Keatts A Keeper For New-Look Seahawks

Keatts A Keeper For New-Look Seahawks

New Head Men’s Basketball Coach was all smiles

New Head Men’s Basketball Coach was all smiles at Trask Coliseum. WILMINGTON, NC – Boldly proclaiming, “I’m a winner,” and promising “an exciting brand of basketball” newly-christened UNCW head men’s basketball coach Kevin Keatts said Tuesday that a new day in Seahawk basketball has arrived.

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Lied-to Children More Likely to Cheat and Lie

Lied-to Children More Likely to Cheat and Lie

The study tested 186 children ages 3 to 7

The study tested 186 children ages 3 to 7 in a temptation-resistance paradigm. Approximately half of the children were lied to by an experimenter, who said there was “a huge bowl of candy in the next room” but quickly confessed this was just a ruse to get the child to come play a game. 

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Unconscious Mind Can Detect a Liar When Conscious Mind Fails

Unconscious Mind Can Detect a Liar When Conscious Mind Fails

The unconscious mind could catch a liar

“We set out to test whether the unconscious mind could catch a liar – even when the conscious mind failed,” says ten Brinke. Along with Berkeley-Haas Assistant Professor Dana R. Carney, lead author ten Brinke and Dayna Stimson (BS 2013, Psychology), hypothesized that these seemingly paradoxical findings may be accounted for by unconscious mental processes.

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Alliance of North Carolina Black Elected Officials: Educate, Organize, and Mobilize

Alliance of North Carolina Black Elected Officials: Educate, Organize, and Mobilize

North Carolina Alliance of Black Elected Officials

Written by Peter Grear, Esq.  Since August 2013 I've continued to ask myself "what would an effective campaign to defeat voter suppression look like?” Well, on Friday, February 14, 2014, Valentine's Day, I got my answer from Richard Hooker, President of the…

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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.