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Wednesday, September 29, 2010
Revealed: The maps that show the racial breakdown of America’s biggest cities.
I would like to say something about the post that outlines the disparities between whites blacks other racial groups when it comes to home lending and the high failer rate on their loans. This does not suprise me that their would be favoritism here. Not at all. Look at who works at a bank its mostly white as far as junior or senior employees go. And in the higher incomes areas that is outer suburbs. Its always a freaked face kid about 28 or so that your dealing with if your a minority trying to get a mortgage in a affluent area in the suburbs somewhere. Does not suprise me that someone of a different class would look upon minorities as suspect borrowers maybe not always on purpose but it certainly happens. They would almost certainly favor someone of their own race simply because their not exposed to members of minorities if they live in a heavily white area out in the suburbs somewhere. Im sure Now If someone in the real estate business reads this they will most likly dismiss everything Im saying here. But the fact of the matter is if you are a member of a minority as opposed to a non minority adjusted for employment history education and all other factors. You will have a harder time otaining a mortgage than a non minority that is not any better qualified every single study thats been done on this issue has shown that is a fact it has been clearly proven time and time and time again. Minority borrowers were disproportionately targeted by subprime predatory lenders during the housing boom and bust that is pathetic.
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I would like to say something about the post that outlines the disparities between whites blacks other racial groups when it comes to home lending and the high failer rate on their loans. This does not suprise me that their would be favoritism here. Not at all. Look at who works at a bank its mostly white as far as junior or senior employees go. And in the higher incomes areas that is outer suburbs. Its always a freaked face kid about 28 or so that your dealing with if your a minority trying to get a mortgage in a affluent area in the suburbs somewhere. Does not suprise me that someone of a different class would look upon minorities as suspect borrowers maybe not always on purpose but it certainly happens. They would almost certainly favor someone of their own race simply because their not exposed to members of minorities if they live in a heavily white area out in the suburbs somewhere. Im sure Now If someone in the real estate business reads this they will most likly dismiss everything Im saying here. But the fact of the matter is if you are a member of a minority as opposed to a non minority adjusted for employment history education and all other factors. You will have a harder time otaining a mortgage than a non minority that is not any better qualified every single study thats been done on this issue has shown that is a fact it has been clearly proven time and time and time again. Minority borrowers were disproportionately targeted by subprime predatory lenders during the housing boom and bust that is pathetic.
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