My Brooklyn Report

In a study by the Pew Research Center, published May 12th 2009, from 1995 to 2008, Black and Hispanic families were more likely to borrow from the Sub Prime markets for a mortgage to finance the purchase of their home. Corresponding to that same period, from 1995 to 2007, was the explosive growth in the issuance [...]

The process appears simple. You call a few real estate brokers about homes you’re interested in and after brief consultations with each broker you schedule appointments for a weekend you can view them. After viewing a few properties you narrow your choices to those that meet all or most of your wants and needs. You make an offer and, if your fortunate, the broker informs you that the owner has accepted it. Congratulations, your work is done. Or is it?

While we continue to make every effort to bring you a view into the brazen, unapologetic, predatory lending practices that have caused the Foreclosure Crisis in our weekly series, Thursday Perp Walk: Lifestyles of the Charged, Tried and Convicted, your about to see the lengths that Mortgage Lenders and Wall Street went to in the name of GREED. View the video and see how it was done.