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Five Banks Agree To Pay $25 Billion To Settle Mortgage Abuses African Americans have been disproportionately hurt by the mortgage foreclosure crisis, but it is not clear how much they will be helped by this deal. By Frederick H.
• According to the agreement, which needs federal court approval, the servicers are required to dedicate collectively $20 billion toward various forms of relief to borrowers.
Ally/GMAC: 800-766-4622 Ally Financial Inc., which is based in Detroit, has agreed to make $110 million in federal and state payments. The bank also will provide $200 million in relief to borrowers.
by Frederick H. Lowe The South African Reserve Bank, the country's central bank, will issue new banknotes with a specially designed engraving of Nelson Mandela, the country's first black president.
Economic Policy Institute to Host Panel Discussion on Black Unemployment U.S. Rep. John Conyers, Jr., (D.,Mich.
Private funeral services for the singer Whitney Houston will be held on Saturday, February 18, in Newark, N. J.
by Frederick H. Lowe Black gay men are divided over whether CNN should take a tougher stance against political commentator Roland Martin, regarding his anti-gay tweets during the Super Bowl.
by Cheryl Pearson-McNeil Being that I’m not a football fan, it stands to reason that the Super Bowl isn’t normally high on my priority list. But I felt I had a vested interest in tracking the results of Super Bowl XLVI this year for a few reasons.
February 16 through February 22 February 16 1852 ----- Classics scholar and university president, William S. Scarborough, was born in Macon, Ga.