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Over the same period, the average wealth of the top 1 percent rose by $4.9. Outside of home equity, black wealth recovered its 2007 level by 2016.. or falsely attesting to “personal knowledge” of large mortgage files, Broken down by race, the overall story for homeownership is similar for all groups, but.
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BANKS FACE TWO-FRONT WAR ON BAD MORTGAGES, FORECLOSURES 4–Banks Face Two-Front War on Bad Mortgages, Foreclosures, Bloomberg Excerpt: Shoddy mortgage lending has led bankers into a two-front war, pitting them against U.S. homeowners challenging the right to foreclose and mortgage-bond investors demanding refunds that could approach $200 billion.