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© 2016 Wealth Management Financial Advisors, Inc. All rights reserved.

 

In the News

July 15, 2016 | WMFA

Dangiso, a black boy with white parents, is growing up in a white neighborhood and attending a predominantly white private school in a country where blacks — especially young black men — are not safe. In other words, we must tell our son that he must follow a distinct set of rules, different from his parents, different from most of his friends.

A black son, white parents and ‘the conversation’

May 4,2016 | WMFA

In 2014, Los Angeles City Attorney Mike Feuer sued JP Morgan Chase, Citigroup, Wells Fargo and Bank of America, for a decade of steering minority borrowers into dicey subprime mortgages, with financial terms that led the homeowners to default.

 

Currently, homeowners are increasingly losing their homes due to subprime mortgages and  unsustainable loan modification. Also borrowers who have already had their loans modified under the HAMP begin to see an increase in interest rates reset which could potentially lead to defaulting.

 

Act now to mitigate risk from upcoming mortgage modification resets

Foreclosure Crisis still hammers African-Americans & Latinos