
Obama Makes New Push for Minority Mortgages
The Obama administration is demanding that minorities again receive preferences to qualify for mortgages–the same policy that helped trigger the sub-prime mortgage crisis and the 2007-8 financial crash.

The Obama administration is demanding that minorities again receive preferences to qualify for mortgages–the same policy that helped trigger the sub-prime mortgage crisis and the 2007-8 financial crash.

Tens of thousands of Russians who took on lower-interest foreign currency-denominated mortgages in the years before the financial crisis now struggle with repayments as the rouble’s value shrinks.