Banks as Heroes

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					Banks as Heroes
Adam Serwer
The American Prospect; Jul/Aug 2009; 20, 6; Docstoc
pg. A18




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DOCUMENT INFO
Description: With her mortgage, assorted bills, and her daughter's private school tuition, Stallworth considered taking a second job. [...] she heard a radio story about ShoreBank, a community-development bank that was offering rescue loans for homeowners drowning in their adjustable-rate mortgages. According to the National Community Investment Fund, a nonprofit that measures the performance of CDFIs, more than 80 percent of ShoreBank's loan originations and purchases are in low- and moderate-income communities.
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