Archive for March, 2007

Fidelity National Title Launches Chinese, Korean, Spanish and Vietnamese Websites (Earth Times)

Thursday, March 8th, 2007

Fidelity National Title Insurance Company, an underwriter for Fidelity National Financial, Inc. , one of the nation’s largest title insurance companies, today launched four websites in traditional Chinese, Korean, Spanish and Vietnamese dedicated to providing consumers in these segments with instant, accessible information on real estate, escrow and title insurance to help better prepare them for buying a home.

“We are excited to announce the launch of Fidelity National Title’s in-language websites for Chinese, Korean, Latino and Vietnamese consumers,” said Pablo Wong, Senior Vice President of Market Development for FNF. “More homebuyers and sellers are minorities and immigrants, and coupled with the increase of Internet use among these communities, we are proud to meet the increasing demand for in-language information on the home-buying process and the real estate industry online.”

Full story…

‘American Idol’ flap: Barba vs. Frenchie (AP)

Tuesday, March 6th, 2007

Frenchie Davis, dumped by “American Idol” in 2003 for lingerie shots posted on a Web site, moved on to Broadway success and thought she had buried a humiliating chapter of her young life.That changed in the last few days after contestant Antonella Barba was allowed to stay on the top-rated Fox series despite the emergence of racy online photos that purport to be of Barba, but with no verification.

The first big controversy of the show’s sixth season swelled Tuesday when fans and a civil-rights activist rallied to Davis’ side, saying she was the victim of unfair and potentially biased treatment. Davis is black; Barba is white.

Full story… 

Billions of Dollars in Free Money for College Available to Next Fall’s Freshman Class (PRNewswire)

Sunday, March 4th, 2007
The Sallie Mae Fund Offers Helpful Tips and $2.5 Million in Awards During
Scholarship Application Season

RESTON, Va., March 2 /PRNewswire-USNewswire/ -- The Sallie Mae Fund
will once again provide $2.5 million in college scholarships to roughly
1,000 deserving students pursuing higher education this fall. Applications,
eligibility and deadline information are now available on
http://www.salliemaefund.org.
The Institute for Higher Education Policy estimates that there are
billions of dollars in college scholarships available each year. Awards can
range from a few hundred dollars to a full ride for all four years, and
best of all, they do not need to be repaid.
 (more…)

Asian Americans overrepresented in California’s public universities (California Aggie)

Sunday, March 4th, 2007

It has been a decade since California passed Proposition 209, which eliminated racial preference in the public sector, and public universities are struggling to maintain a representative demographic, according to current enrollment rates.

In fact, Asian American enrollment in colleges nationwide is at its peak, recent reports reveal. Nationwide, Asian Americans make up less than 5 percent of the population, but in the nation’s top universities, they generally make up 10 to 30 percent of the student body, according to the reports.

Accordingly, the University of California and California State University systems are utilizing recruitment and academic preparation programs in order to draw in more minorities.

Full story… 

Tougher subprime-lending standards urged (Market Watch)

Friday, March 2nd, 2007

Federal bank regulators demanded tougher standards for subprime loans Friday, saying they’re worried that borrowers who select adjustable-rate mortgages may not understand the risks associated with them.

Guidance from the Federal Reserve and other agencies targets categories including subprime ARMs that have low initial payments and loans that have high or no limits on how much payments or interest rates may increase.
The agencies said lenders should inform consumers of potential payment increases and prepayment penalties associated with such loans. Lenders should approve loans only when they know borrowers can repay them, they added. Read the guidance.

Subprime mortgages are offered to home buyers who fail to meet the strictest lending standards. Companies that specialize in these types of loans have suffered recently, as the dizzying rise in housing prices has slowed and interest rates have edged off record lows.
The Mortgage Bankers Association criticized the regulators’ proposals, saying they could cut off credit to low-income buyers and minorities. The chairman of the Senate Banking Committee, meanwhile, called the move “responsible.”

Some Federal Government Efforts To Improve Health Disparities Among Minorities, Underserved Effective; Still Room for Improvement, Study Finds (Kaiser Health)

Friday, March 2nd, 2007

The Health Resources and Services Administration‘s Health Disparities Collaboratives — which aims to reduce health care disparities among racial and ethnic minorities and other individuals considered to be underserved — have been successful in addressing some chronic diseases among those populations, according to a report in this week’s New England Journal of Medicine, HealthDay/Washington Post reports.

Full story…

Asian Week Issues Apology After Outcry Over Column (Bay Cities News Service)

Friday, March 2nd, 2007

Asian Week Editor-at-Large Ted Fang on Feb. 28 said the columnist who penned the piece “Why I Hate Black People” last week will not contribute to the free paper’s content again.The controversial column by 22-year-old New York based Kenneth Eng appeared in the current edition of Asian Week, which came out Friday, Feb. 23.

Fang made the announcement during a news conference at a church in San Francisco’s Western Addition neighborhood, where interfaith leaders and politicians denounced the article.

(more…)

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