THIS WEEK'S ISSUE — Updated Every Monday!
It seems that it sucks to be a black woman these days. Or at least that is what the media…
In her newest single “Sponsor”, Teairra Mari decides to speak out for the full fledged and would-be gold diggers out…
I grew up in a loving home – both parents, older sister, older brother. I went to good schools my…
I have a long, lengthy laundry list of irks and pet peeves, and anybody who stands even on the outskirts…
When Monique stepped on stage to accept her Best Supporting Actress award at the Oscars, residents in California could hear…
I am blessed with a unique situation in life in that I work mostly with African American women. When I…
It’s like a broken record isn’t it? Pretty much every year an African American or two is up for an…
Black women are some of the most beautiful women on the planet, with God-given curves that some go under the…
Picture this: You are awakened with soft and gentle kisses from the glistening rays of the Saturday morning sun peeking…
Mane & Chic is not your ordinary natural hair blog – it’s an eclectic mix of hair and fashion. Don’t get…
It’s hip. It’s hot. It‘s totally fab. All the cool kids are doin’ it….going VEGAN, that is. And, one of…
For my sisters in the struggle, my fellow prayer warriors who bum rush altar calls and wait, who bombard clergy…
Have great fear. Tiger Text is here.
As if practicing fidelity wasn’t hard enough, somebody saw fit to create an mobile…
My mother always taught me to pace myself…
Yet like the ticking of a clock, I hear the urgency in garnering…
Ding, ding.
The Tavis-Sharpton on air fight over whether or not President Obama was going to have a black agenda started…
You don’t need to survey five or six of your girlfriends and listen to their opinions. You don’t need the…
My mother and my grandmother are like the father and mother I never had – my mother being the father,…
I recently had the chance to sit down and watch Spike Lee’s 1986 film, She’s Gotta Have It. The main character,…
Minorities hit hardest by housing crisis
By Dana Ford LOS ANGELES (Reuters) – In May, Alvin Clavon received a foreclosure notice on the simple, Spanish-style house in South Los Angeles that he shares with his wife and three boys. Clavon bought the place in 2003 with a fixed-rate loan. They painted the walls, fixed the yard and made friends with the neighbors, who let the Clavon boys pick their basil.
In 2005, he worked with a mortgage broker to refinance his home with another fixed-rate loan. But on the night before signing, the family was offered an interest-only, adjustable-rate mortgage. Clavon, a 35-year-old executive assistant at a bank, said he felt stuck. The ball was rolling, he trusted his broker and so the next day, he signed the loan. “Turned out to be the worst thing I could have done,” said Clavon, who like so many others in danger of losing their home to the U.S. housing crisis, is African American.
The Clavons live in a zip code, 90047, with one of the largest black populations in the city, and also one of the highest rates of foreclosure — a common combination. Researchers agree minorities are more likely than whites to get high-cost mortgages, but analysts can’t agree why. Does the 90047 zip code have a high foreclosure rate because African Americans were forced into high-cost loans? Or is the area’s foreclosure rate the result of economics?
Either way, say some minority and housing activists, the fact that minorities are disproportionately hurt by lending practices in the United States is real — and so are its consequences.
TWITTER — @clutchmagazine
- New Post on Clutch: Robin Thicke (Feat. Estelle) – Rollacoasta http://goo.gl/fb/rW5a 1 hr ago
- New Post on Clutch: Haiti Debt on the Verge of being Canceled http://goo.gl/fb/TNPt 6 hrs ago
- New Post on Clutch: Haiti Debt on the Verge of being Canceled http://goo.gl/fb/tSgb 7 hrs ago
- More updates...
SPONSORS — Advertise with us!
RECENT COMMENTS
- Robyn on Jockin' My FRO
um, no. You didn't prove anything to be false. In fact I *proved* that the afro hairstyle is inextri... - LouLou on Jockin' My FRO
Thanks for your point of view, I think understand what you're getting at. But I think I'm pretty wel... - Jeremy on Faux News' "Conservative Hit Job" on President Obama
Forget the President every President elected after Kennedy should be throw in jail for how they betr... - saroune on The Top Five Best & Worst Things About Working With Black Women
Yes please. Because as a black woman in an office. I really suffered from the hypocrisy, the manipul... - saroune on Jockin' My FRO
Black (african) people are IT right now. (because of the upcoming soccer world cup in south africa)....
WEEKLY NEWSLETTER — Sign up!
RECENT VIDEOS + PHOTOS
THIS WEEK'S MOST POPULAR POSTS
NEWS.GOSSIP.INFO — Daily Blog
If this isn’t proof that Rupert Murdoch’s Fox organization is a mouthpiece for an sinister, counterproductive and archaic faction of…
Clutchettes & Gents,
We at Clutch want to enhance our ability to capture the complex needs of our audience, so we want…
It’s a good thing that Gabourey Sidibe is comfortable in her own skin because there are plenty of people out…
Article from The Grio – For the second time in less than a year, Pittsburgh Steelers quarterback Ben Roethlisberger has…
From BlackVoices.com – She came to the White House as a FOO (Friend of Obama) of the highest rank, with a…
Vogue Italia launched Vogue Black and Vogue Curvy as supplemental web sites to focus on fashion, beauty, and news in the aforementioned factions.…
