State of the Dream 2008
In this year's report for Martin Luther King, Jr. Day, we found that the subprime lending crisis is causing the greatest loss of wealth to people of color in modern US history. We also estimate the difference in losses due to racial bias.
Foreclosed: State of the Dream 2008 details how and why the damage occurred, and offers solutions for what we can do about it.
Check the overall foreclosure rate for your city or region (all races)
Selected Press Coverage:
Sub-Prime as a Black Catastrophe
First came racial redlining. Then came racial targeting of toxic and predatory loans. Both spelled economic disaster for African Americans. By Melvin Oliver and Thomas Shapiro in The New Prospect. September 22, 2008
Credit Crunch Reveals Economic Racial Divide (Op-ed)
The credit card crunch underscores the great racial divide that remains
in the American economy. Around half of all white households with
credit cards are indebted, but for black households the number is more
than 80 percent, with Latino families close behind. By Jose Garcia in the Hartford Courant. June 2, 2008
Doing More to Help Subprime Crisis (Op-ed)
UFE staffer Christina Kasica writes about additional solutions to the subprime crisis. February 22, 2008
King's Dream Deferred, One More Victim of the Subprime Mortgage Crisis
Michelle Singletary devotes her "Color of Money" column in The Washington Post to the findings in our "State of the Dream" report. February 10, 2008
Home Foreclosures and Minorities (C-SPAN TV)
Amaad Rivera was interviewed about our report, Foreclosed: The State of the Dream 2008. He also responded to telephone calls and electronic mail. January 21, 2008
State of the Dream on NPR show, "Tell Me More"
Host Michel Martin talks with a co-author of Foreclosed: State of the Dream 2008 for her show "Tell Me More." Listen to the interview. January 18, 2008
Democracy Now! Features State of the Dream
Amy Goodman and Juan Gonsalves interviewed co-author Dedrick Muhammad about the State of the Dream report. Broadcast on both radio and TV. January 17, 2008
Boston Herald Covers State of the Dream
UFE's Co-Executive Director is featured in this Boston Herald story exposing the racial bias in the subprime mortgage lending crisis. January 15, 2008