Ghetto Loans

MFI-Miami Featured In BBC Doc About Wells Fargo Ghetto Loans

BBC Crew Travels Around Baltimore Researching Wells Fargo Ghetto Loans This is a piece the BBC broadcast two years ago. It tells the story of how Wells Fargo preyed on African-Americans in Baltimore. Wells Fargo sold them high cost “Ghetto Loans. Yet, Wells Fargo underwriters knew these homeowners could qualify for better programs. One of […]

How To Explain Foreclosure To Your Children

How To Explain Foreclosure To Your Children Who Are Traumatized By The Situation Losing a home to foreclosure is a nightmare for adults, but for children it can take an emotional toll that lasts a lifetime. According to RealtyTrac, the number of U.S. homes taken over by banks jumped 35 percent in the first quarter […]

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