Storm With ‘No Boundaries’ Took Aim at Rich and Poor Alike

by | Aug 31, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Houston (Tex), Hurricane Harvey, Hurricane Katrina, Non-Bank Loans, Poverty, Real Estate and Housing (Residential), Working Capital

By JULIE TURKEWITZ and AUDRA D.S. BURCH August 31, 2017 HOUSTON — Antonio Armenta paid $45,000 a decade ago for the little white house with the arched kitchen doorway by the train tracks in northeast Houston, where he raised his children...

Harvey Victims Face Hurdles, and Maybe Bills, in Getting Aid

by | Aug 30, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Federal Aid (US), Federal Emergency Management Agency, Finance, Floods, Hurricane Harvey (2017), Non-Bank Loans, Real Estate and Housing (Residential), Small Business Administration, Working Capital

Thousands are applying for federal assistance, but it may be slow to arrive and require them to take on debt that could take years to pay off.

Homeowners (and Taxpayers) Face Billions in Losses From Harvey Flooding

by | Aug 28, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Federal Emergency Management Agency, Finance, Flood Insurance, Floods, Hurricanes and Tropical Storms, National Flood Insurance Program, Non-Bank Loans, Real Estate and Housing (Residential), Texas, Working Capital

Most insurance claims will fall on the federal government, where there is coverage at all. Even where required, it often goes unpurchased.

Self-Fulfilling Prophecies: How Redlining’s Racist Effects Lasted for Decades

by | Aug 24, 2017 | Appraisals and Valuation (Property), Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Discrimination, Economics, Finance, Race and Ethnicity, Real Estate and Housing (Residential), Working Capital

Self-Fulfilling Prophecies By EMILY BADGER August 24, 2017 The appraiser who went to Brooklyn in the 1930s to assess Bedford-Stuyvesant for the government summarized the neighborhood’s prospects on a single page. Many brownstones in “obsolescence...