Compton poised to become next bankrupt US city
theGRIO REPORT - Compton, California, a city just outside of Los Angeles may be the third city in the state to file bankruptcy...
Foreclosed homes in minority areas neglected
theGRIO REPORT - Foreclosed homes in heavily-black and Latino neighborhoods are far more likely to be left with inadequate maintenance than those in majority-white neighborhoods, according to a recent investigation by the National Fair Housing Alliance...
Kamala Harris and black homeowners: Winning?
theGRIO REPORT - A settlement between major banks, the Obama administration and state attorneys general announced Thursday could benefit both black homeowners and Kamala Harris...
Justice unit to probe mortgage-backed securities
WASHINGTON (AP) - Federal and state law enforcement officials announced Friday they have launched a fraud-fighting unit, starting with 55 prosecutors and investigators, to root out wrongdoing in the market for residential mortgage-backed securities...
Why Obama needs to Investigate the banks
OPINION - The Obama administration and state law enforcement officials from across the country are currently in negotiation with several of the nation's biggest banks, and there's a critical choice at hand...
R. Kelly's former mansion sells for $2.64 million
CHICAGO - Kelly bought four-bedroom, 8,000-square-foot mansion for $1.107 million in 1994 and sold it for $2.25 million in 2002...
Obama: Another year or more for housing turnaround
ATKINSON, Ill. (AP) - He said, without getting specific, that the administration was mulling ways to encourage banks to resume lending...
