Banks Accused of Racial Bias on Foreclosed Homes

Banks Accused of Racial Bias on Foreclosed Homes  I don't think this is news to anybody. It is another reason that Obama needs to take action to bring about principal reduction for underwater borrowers, especially when Freddie and Fannie own the paper. This paper needs to be sold to the Federal Reserve for book value and then marked to market value, with paymetns and balances adjusted accordinly. If Obama won't do this, someone else will (like me).