Race economics and mortgage lending

first_imgby: Henry Meier“Buying a home is easier if you’re white” reported CNN yesterday based on the findings of a  research report put together by Zillow with a forward by the National Urban League. The report, which was much more measured in its conclusions than some of the news headlines it generated,   makes these headline grabbing assertions in its executive summary:–Fewer minorities apply for conventional mortgages. Although Hispanics and Blacks make up 17 percent and 12 percent of the U.S. population, respectively, they represented only 5 percent and 3 percent of the conventional Mortgage application pool.-Blacks experience the highest loan application denial rates. 1 in 4 blacks willbe denied their conventional loan application, as opposed to 1 in 10 whites.-Wide disparities in homeownership rates among ethnic groups persist.73.9 percent of whites own a home, whereas 60.9 percent of Asians, 50.9percent of Hispanics and 46.5 percent of blacks own. continue reading » 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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DPS to discuss several issues this summer

first_imgCrime in the USC area has been on the decline, but the Department of Public Safety is still hoping to address several key issues and will be discussing possible changes over the summer.DPS Assistant Chief John Thomas said some concerns for the coming year include an increasing number of homeless people around campus and a growing number of inmates who have been released early from jail moving into the area on probation status.DPS will continue to work with the Department of Probation & Parole to monitor early released inmates in the community, Thomas said, and it hopes to address issues of aggressive panhandling and loitering.DPS also plans to expand the use of bike patrols in the campus community, rather than increasing vehicle patrols.Jillian Chou, a senior majoring in international relations, said she appreciates the extra CSC security officers that DPS has provided around campus.“I like that they have security on every corner,” Chou said. “You feel very safe walking; it’s nice knowing they are watching you off campus too.”Thomas said DPS also hopes to take steps to decrease property theft, including encouraging students to take better care of their property and to not leave their belongings unattended.Mallory Jebbia, a sophomore majoring in biochemistry, said she understands why the thefts are frustrating for DPS.“DPS can’t be there to watch our stuff,” Jebbia said. “Students need to be more aware and responsible of their belongings.”The increased number of bicycles on campus is another concern for DPS because of thefts and because bikes can obstruct access to buildings.Additionally, DPS hopes to see a decrease in the number of alcohol overdoses by students and a decrease in the number of physical altercations involving alcohol.DPS has been able to continue the overall reduction of crime on campus through the first quarter of 2010, Thomas said.This year, the USC campus community was designated as a safe community by the World Health Organization.Thomas credited this success to the use of predictive policing as a crime reduction strategy and said he hopes to expand this practice.“[We want to] expand our use of predictive policing and crime forecasting as strategies to combat crime and address quality of life issues,” Thomas wrote in an e-mail.Still, some students like Jake Minkley, a junior majoring in business administration, do not feel campus safety has changed.“I don’t feel like they have reduced crime,” Minkley said. “I go to the [University Village] and I just don’t feel like it’s gotten any better.”But Molly Abrams, an undeclared sophomore, said DPS makes her feel safe.“I never feel unsafe; they’re everywhere,” Abrams said.last_img read more

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Off again! Bukom Banku-Ayitey Powers bout now may 15 instead of May 16

first_imgAfter considering many side issues in consultation with the Osu traditional Council,Africa Box Office Sports Promotions have set a new date of Thursday May 15 for the bout  at the Accra Sports Stadium.The overly publicized Bukom Banku vrs Ayitey Powers mega fight  has been  rescheduled  from May 16 to May 15, due to the ban on drumming and dancing from 15 May to 12 June in the Osu traditional Area.The much awaited epic clash codenamed “Judgment Night” has had dates previously changed from April 25 to April 18 which was completely thrown overboard  after Powers asked for a postponement upon, as he said, prophecy that he shouldn’t fight in the month of April.Later on Ayitey Powers had again asked for that period of time to make consultations before officially agreeing to fight on Friday May 16.The May 16 date was also not favourable to the Osu traditional Council so a meeting was held on Saturday  to be changed to Thurday May 15.The Ghanaian public have been clamouring for the fight which has received rave reviews interlaced with endless verbal war between the two boxers. A record 3,000 tickets were sold on the first day of release with many experts tipping the fight when it does finally come off to record the highest ever attendance in Ghanaian boxing history.last_img read more

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