|Number of creditworthy borrowers who lost their homes to foreclosure or distress in the past decade and would be able to re-enter the market today if lending standards were reverted to historically sound levels. NAR Research recently analyzed the situations of 9.3 million formerly distressed homeowners, many of whom re-entered the market or could in the near future.|
5 million families live in an underwater home (where the mortgage amount is greater than current value). NAR is urging Congress to extend mortgage debt tax relief that expired at the end of last year so these homeowners are not forced to pay income tax on mortgage debt forgiven or cancelled by a lender in a loan modification or when the home is sold.
Happy birthday Diane Nash (born 5/15/38), lifelong activist who played a key role in the Nashville sit-ins, the Freedom Rides, SNCC, the Selma Voting Rights Movement, and more. Here is a profile of Nash from One Person, One Vote Project: http://onevotesncc.org/profile/diane-nash/ Here is a free downloadable lesson on the grassroots history of the Selma to Montgomery marches, including the pivotal role of Nash: http://www.teachingforchange.org/selma-lesson-role-play
Photo: A march down Jefferson Street of 3000 demonstrators toward City Hall to protest the Z. Alexander Looby bombing. Leaders are Rev. C.T. Vivian, front row left, Diane Nash of Fisk, Bernard Lafayette of American Baptist seminary, Curtis Murphy of Tennessee A&I, back row center, and Rodney Powell of Meharry. (Jack Corn / The Tennessean) 4/19/1960
ALASKA, Delaware, Montana, Oregon, and New Hampshire;
STATES WITH NO LICAL SALES TACES: Mississippi, Rhode Island