Consumer debt: Risk or race?

Article Abstract:

New York's attorney general has accused Countrywide Financial Corp., the largest mortgage lender in the U.S. that the company is charging Hispanic and African-American borrowers higher mortgage rates than whites with similar credit histories. With the proliferation of novel mortgage products and a better accounting for credit risk, mortgage lending to minorities has increased by 159 percent to Hispanic and 93 percent to African-American borrowers while lending to whites grew by just 29 percent.

Financial management, Commodity & service prices, Public affairs, Mortgages, Social aspects, Finance, Prices and rates, African Americans, Company financing, Company pricing policy

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Consumer debt: Student debt soars

Article Abstract:

More students are borrowing larger amounts and the debt levels for graduating seniors have increased by 58 percent. Many factors account for the rise in student debt, such as soaring college tuition fees and cuts in subsidized interest rates, while federal Pell Grants have not kept up with college fees.

Forecasts, trends, outlooks, Colleges, Universities, and Professional Schools, Colleges and universities, Administration of Education Programs, Student Loans & Scholarships, Student Loans & Grants, Forecasts and trends, Market trend/market analysis, Student loans

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Similar abstracts:

• Abstracts: Consumer debt: Are Americans dangerously overstretched? Consumer debt: Installment credit. Consumer debt: Credit card revolution
• Abstracts: Consumer debt: Myth of thrift. Consumer debt: Payday lending comes under fire. Consumer debt: Rise of mortgage lending

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