Posted in Habitat for Humanity on Jul 27th, 2008
The most important lesson I learned as a volunteer for Habitat for Humanity is that our primary goal is to build families. Families living in poverty have a lot of problems and their problems are both daunting and unrelenting. A new house is a big ticket item but it solves only a few of their [...]
Read Full Post »
The emphasis of the article was that “even borrowers with stong credit are the pinch”. The part that interested me was this:
Banks are responding to the rise in delinquencies by capping home equity lines of credit in areas with falling real estate prices. A few credit card companies have also moved to reduce the credit [...]
Read Full Post »
Posted in Habitat for Humanity on Jan 30th, 2008
Subprime victims are the new heroes.
This article finally forced me to sit down and write out my thoughts on the subprime mortgage crisis. Since I am the treasurer for a local Habitat affiliate I have an above average interest in how the subprime mortgage crisis is affecting low income families. The issues affecting low [...]
Read Full Post »