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Blacks And Latinos Denied Mortgages At Rates Double Whites

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posted on Feb, 21 2018 @ 08:12 AM
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originally posted by: Sillyolme
a reply to: pavil

There shouldn't even be graphs indicating this since race plays no part in a credit application or approval.
There is no place for race on any credit application so unless it's a one on one sit down at the bank and then a bank officer noting race on the application the underwriters will never know the race of the applicant because they never see them.

Unless this is a survey of people who applied for a loan and were turned down. Then and only then could they even obtain data on the race of applicants. But then a survey unless it's national still wouldn't reflect a broad spectrum of society. So I'm doubtful of those figures.
Just a note and FYI: net worth includes real estate so homeowners in general will have a higher net worth. And property is collateral.


Race and ethnicity is on the mortgage application. It is collected as part of the HMDA regulation. In fact, they just changed as of the 1st of the year to collect even more race data. One of those pesky liberal regulations. Banks wouldn't collect it otherwise.




posted on Feb, 21 2018 @ 08:45 AM
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That data is NOT USED TO DETERMINE APPROVAL.
That's what this thread is claiming.
Buh bye sugar.
edit on 2212018 by Sillyolme because: (no reason given)



posted on Feb, 21 2018 @ 08:49 AM
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originally posted by: Sillyolme
a reply to: 3daysgone


Black Median Household income: $35,481
(all races $53,657)
All Black Workers 2015 weekly earnings:$624
(all races $803)
Black Men weekly earnings: $652
(All men $889)
Black Women weekly earnings: $608
(All women $721)
SOURCE: 2015 3rd Quarter: Bureau of Labor Statistics – 16 Years or Older & 2014 Census Bureau American Community Survey.






blackdemographics.com...


Those figures of yours are very wrong.


It was from the OP's link. Not my figures.



posted on Feb, 21 2018 @ 09:10 AM
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There is no place for race on any credit application so unless it's a one on one sit down at the bank and then a bank officer noting race on the application the underwriters will never know the race of the applicant because they never see them.



This is statement of yours is false. There is no discrimination in underwriting guidelines, but the race of the applicant is known. Every bank collects picture IDs and the mortgage application has race/ethinicity on it (Page 3 of 1003). In addition, even if the race is not known/declared, the Loan Officer is required by law to guess.
edit on 21-2-2018 by Edumakated because: (no reason given)

edit on 21-2-2018 by Edumakated because: (no reason given)

edit on 21-2-2018 by Edumakated because: (no reason given)



posted on Feb, 21 2018 @ 11:12 AM
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Not sure this is systematic.
Without including payment histories for said groups the numbers are just that. Much like police stopping a disproportionate number of minorities is partially due to a disproportionate number of minorities committing crimes.

This study is a race bait piece designed to stir up conflict while intentionally ignoring important factors. The human element.



posted on Feb, 21 2018 @ 11:15 AM
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originally posted by: 3NL1GHT3N3D1
Race bait? Sounds like it. What do you think this thread will accomplish other than getting people arguing over race, as if we don't have enough of that already?


We can argue over credit history and credit score. I'm sure anyone with good ones can get any loan they want.



posted on Feb, 21 2018 @ 08:11 PM
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a reply to: 3NL1GHT3N3D1
"Race bait? Sounds like it. What do you think this thread will accomplish other than getting people arguing over race, as if we don't have enough of that already?"

THAT IS EXACTLY WHAT I IMMEDIATELY SAID! WORD FOR WORD!

This topic is obvious race bait material. The reasons are many, varied, and obvious if you have a brain.
edit on 21-2-2018 by FingerMan because: (no reason given)



posted on Feb, 23 2018 @ 12:29 PM
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The deep state wants to keep said socioeconomic class where the are. Then they are easier to control. Removes a natural human right. It also keeps the left right paradigm at odds and divide and conquer still stands. Keep the populace at each others throats and toss race mud balls all day long. THEY HAVE US RIGHT WHERE THEY WANT US.




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