Spring 2012
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Spring 2012
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CLOSING THE RACIAL WEALTH GAP INITIATIVE NEWSLETTER "Diverse Voices Lead to Equitable Solutions"
CRWG EVENTS How the National Mortgage Settlement Will Impact Communities of Color Date: Wednesday, April 4, 2012
In February of 2012, 49 state attorneys general reached a settlement with five of the nation's largest banks which acknowledges that the loan servicers violated the law by routinely signing foreclosure documents without the presence of a notary public and without knowing whether the information in the documents was factual. The settlement provides up to $25 billion in relief to distressed borrowers and direct payments to states and the federal government. The mortgage crisis affected Americans of all backgrounds but communities of color were hardest hit by deceptive lending practices. African-Americans, Hispanics, Asian Americans, and Native Americans were more likely to receive high-priced loans than white borrowers with the same credit scores and experienced racial disparities in subprime lending in all regions of the country. This has resulted in higher rates of foreclosures in these communities and has contributed to the widening of the racial wealth gap. This webinar presents new data on the affects of the foreclosure crisis on communities of color and explores what the mortgage settlement will mean for these communities. Insight President Roger Clay on Tavis Smiley Poverty Panel
Social Security Webinar in New American Media  New American Media highlighted our webinar, Why Communities of Color Should Care About Social Security Reform and also mentioned the webinar in an article on the retirement security of communities of color. Watch the webinar here.Sandy Darity, Omar Khan, and Anne Price on CHASM Panel
William "Sandy" Darity, Omar Khan, and CRWG Director Anne Price discussed the US racial wealth gap on a panel conducted by the University of Birmingham's Centre on Household Assets and Savings Management (CHASM). Also on the distinguished panel were Michael and Margaret Sherraden, Tom Shapiro, and CHASM's Ricky Joseph.
Transforming Race 2012
The CRWG Initiative hosted a dynamic roundtable discussion at the Kirwan Institute's Transforming Race 2012: Visions of Change conference, called The Color of Wealth: How Will We Restore Prosperity by Mid-Century? The conversation was moderated by Maya Rockeymoore, and the panelists included Saru Jayaraman, Aracely Panameño and Michael Roberts
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THE EXPERTS OF COLOR NETWORK With a searchable database that contains over 180 of the leading minds on asset-building and the economy, expertise is just a click away. Visit www.expertsofcolor.org. FRIEND AND FOLLOW US!
 
CONTACT US
Anne Price, Anand Subramanian, Program Manager anands@insightcced.org THE INSIGHT CENTER
The Insight Center for Community Economic Development is a national non-profit organization whose mission is to help people and communities become, and remain, economically secure through innovative employment, early childhood, business development, and asset building programs. Learn more at www.insightcced.org.
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Closing the Racial Wealth Gap Initiative For more information visit: www.racialwealthgap.org | www.expertsofcolor.org | www.insightcced.org | |
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On January 12th, Insight Center President 
