A recap of the week’s equity news

“Study Shows Colorado Has Largest Rise in Child Poverty,” New York Times

DENVER — Colorado experienced the nation’s largest rate of growth in impoverished children from 2000 to 2006, according to a study released Tuesday.

The study, by the Colorado Children’s Campaign, a nonprofit group that focuses on child welfare, said that the most recent census data show that 180,000 children — 15.7 percent of the state total — were living in poverty in Colorado in 2006, a 73 percent increase since 2000.

“Jammed Transit Systems Running on Fumes,” MSNBC, June 11

Transportation experts who have pushed mass transit since the 1970s are getting their wish as soaring gas prices persuade Americans to abandon their cars for buses and trains in record numbers. But as the adage says, be careful what you wish for.

Mass transit ridership is at its highest point in 50 years, according to research by the American Public Transportation Association. For many riders, it just got too expensive to drive.

“How HUD Mortgage Policy Fed the Crisis,” Washington Post, June 10

In 2004, as regulators warned that subprime lenders were saddling borrowers with mortgages they could not afford, the U.S. Department of Housing and Urban Development helped fuel more of that risky lending.

Eager to put more low-income and minority families into their own homes, the agency required that two government-chartered mortgage finance firms purchase far more “affordable” loans made to these borrowers. HUD stuck with an outdated policy that allowed Freddie Mac and Fannie Mae to count billions of dollars they invested in subprime loans as a public good that would foster affordable housing.