Your timely, well informed comment speaks to the kind of professionalism you bring to the home buying process.

If only there were more like you among the ranks of loan officers/consultants available to the public, we might have avoided this crisis being as devastating as it has been among communities of color.

There has only been one racial/ethnic group that has managed to steer clear of the foreclosure crisis in large part.

Asians in the United States

I'll be reading your blog at http://Oknows.com

With education, without education – tic or tac! most citizens of the U.S. obtain their financial literacy from commercials, they come from reliable sources… The mortgage guy selling loan, the Realtor selling the house, the insurance guy sold the policy, the housing counselor sold the 100% financing with no reserves because we're giving you a grant for the down payment program, the appraiser put his stamp on it and the bank get's the servicing, the interest, the fees, payment on the mortgage insurance policy, the attorney does the settlement, bankruptcy, foreclosure, divorce (all of the above), the stock broker sells more shares of more bundles of hot air.

There was more money to be made on brown communities and on alt-A loans due to the excessive fees and the historic lack of credit running through the community = the perfect storm. And Easy money made middle/upper middle class people feel like there was finally an even playing feild, they'd be able to rent/flip/rehab leave the corporate treadmill and make money off of money that wasn't theirs and previously had no idea to get their hands on.

Some just wanted a home they could call their own.

Either way – Brown or Not-Brown – there's been heist!!

It could be the same for college educated hispanics but I'm not sure.

How ironic that the “educated” fared worse than the lower income, less educated families.