Obama's New plan for home mortgages?

This is the booklet produced by LaRaza and the American Center for Progress about the affordable home plans of Obama. Interesting that they say 77% of the people claiming the mortgage interest credit don't deserve it and of course hammer on racial discrimination making this country sound worse than Mexico which is know for it's systemic caste system of discrimination.

Another important lesson from the run-up to
the housing-market collapse in 2007 is that
creditworthy borrowers often have difficulty
obtaining a high-quality mortgage. In some
cases, borrowers found themselves in “credit
deserts” that left them with few options beyond
subprime lenders selling high-risk loans.
In
other cases, borrowers were offered ample but
dangerous credit, becoming the target of aggressive sales tactics aimed at minority, female,
rural, and elderly homeowners.


Compounding this disparity, the nation’s
history of discrimination and segregation
has also limited access to credit for minorities. As Thomas Shapiro, director of Brandeis
University’s Institute on Assets and Social


http://www.nclr.org/index.php/publications/making_the_mortgage_market_work_for_americas_famil ies/