New Report Released by Congress Reveals African Americans Hardest Hit by Foreclosures

The latest numbers about foreclosure are out. The findings- 28% of all homeowners who received foreclosure prevention counseling through the National Foreclosure Mitigation Counseling (NFMC) program were African American. This number is pretty astonishing when according to NeighborWorks America, "African American homeowners make up only 9% of the nation’s homeowners. 24% of the nation’s homeowners are racial/ethnic minorities, with Hispanic homeowners accounting for 11%, and Asian/Pacific Islanders accounting for 4%."

To read the entire NFMC report, click here.