ABC Newsβ David Scott reports on an ABC News investigation finding gaping disparities based on race in mortgage lending nationwide.
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Thought when it came to money only green mattered. They make it so specific to one race issue. Though it's all about status, not always color
WP get in their feelings on topics like this because itβs almost like they would have to literally admit their privilege and if you let them tell it – it doesnβt existβ¦lol
I lived on the Southside of Milwaukee for one year. I moved there from Chicago in 2008. I was surprised that Milwaukee was just as segregated as Chicago if not more. People need to highlight that the majority ensure to keep Blacks in their place. And they say racism don't exist.
It's funny how ABC and The DNC choose to completely forget the concept of credit when they claim this is an issue.
I just don't know how companies don't get sued. If you have a good fico score and a history of paying bills on time, you should get a mortgage, regardless of what color you are!
It's damn hard getting a loan when you have a criminal history, and just got out of jail.
Look at Orlando please
I am pretty sure that when a black family moves into a neighborhood, the residents all become very fearful of what might happen. If you don't know what I mean, just drive through a black neighborhood.
It's damn hard getting a loan when you have a criminal history, and just got out of jail.
Its all about the math and statistics. When a bank looks into giving out a loan in the statistics yes race is part of it. They compare which group pays off the loans, which group for what ever reason doesnt pay off the loan etc. Thats how banks make a decision on who gets a loan and who doesnt. Is it fair? Absolutely not however thats how the real world operates. Sadly if your black or brown you can have the greatest credit score but you will have to give more than just the 20% down if you want a bank to approve a loan.
Where we live in Canada it's opposite it's like the white people all get pushed back and all the immigrants that we let come over take priority housing And we get pushed back to the bottom again and it happens all the time they also overuse our food banks And all of our services leaving barely anything to Canada But that's because Canada is soft and needs to stop being a π I love my country and I'm proud of them for finally standing up
This is no surprise. America has a long way to go.
"Call on the Lord in the day of trouble,
and he will deliver you."
Β Β Β Β Β Β Β Β – PsalmΒ 50 :15
Maybe it's because I'm European, but it doesn't make sense to me. Mortgage companies and banks are corporations, they will sell their own grandmother's legs for a profit. But not lending to non whites is more important than profits?
I love these news videos. However, it is really annoying that at the end of the video, you are greeted by George. Please change that!
Its all about the math and statistics. When a bank looks into giving out a loan in the statistics yes race is part of it. They compare which group pays off the loans, which group for what ever reason doesnt pay off the loan etc. Thats how banks make a decision on who gets a loan and who doesnt. Is it fair? Absolutely not however thats how the real world operates. Sadly if your black or brown you can have the greatest credit score but you will have to give more than just the 20% down if you want a bank to approve a loan.
You guys help out in financing my business, thru transferred $11,000 to my PayPal account
Red lining was created by the government and will be dismantled by God .
I love all the real ones
All da states or named after our Black and brown ancestors ever Color on the spectrum come from black
credit history? Ppl sell to the buyer who offers the best deal , down payment, Cash offers, you know grown up things. Crazy to believe nobody wants your money due to discrimination.
Racists and bots in the comments π
π₯±
ABC was somewhat disingenuous in framing this story as an example of systematic and economic segregation. They say the person in question had the same income but they completely forgot to mention his credit score. If you look at statistics based on ethnicity the average FICO score for Africa-Americans is 677 vs 734 for Whites, and for Asians itβs 745. Itβs not always about race as it is about economic and societal differences. Some of the points are mentioned in the book Rich Dad Poor Dad, also the Department of Housing and Urban Development (HUD) was set up to help low income families buy property (with limited success).
NEW????? Yt people, you know what you're doing. So stop it but don't act like you don't know and don't vote to secure the oppression in your favor every chance you get.
ABC was somewhat disingenuous in framing this story as an example of systematic and economic segregation. They say the person in question had the same income but they completely forgot to mention his credit score. If you look at statistics based on ethnicity the average FICO score for Africa-Americans is 677 vs 734 for Whites, and for Asians itβs 745. Itβs not always about race as it is about economic and societal differences. Some of the points are mentioned in the book Rich Dad Poor Dad, also the Department of Housing and Urban Development (HUD) was set up to help low income families buy property (with limited success).
This is terrible reporting and you're not helping anyone! Debt to income ratio, credit score, and amount of down payment are obviously important but so conveniently left out. Plus a mortgage lender gets paid on commissions and so do real estate agents so if my pet Turtle wanted to buy a house and met the criteria they would make it happen.
Why can't you just honestly educate people on how to achieve their dreams in this country rather than continuing to drive a false narrative. It's disgusting!
No one wants dysfunctional people around them.
Hey I asked for a root beer out of my vending machine and I got a sprite. Damn systemic racism, can you guys do a whole abc segment on that? One that makes such solid points as the vid.
if you ain't Lebron James. You don't get to live around rich white folks. Understand?
I live in Milwaukee and I can say that everything in this video is true facts!
They using all the money to fix racist highways rather than putting it towards issues like these.
Since when does the term minority only referred to African Americans?
Nowhere in this interview does it refer to any of the other minorities, which I'm sure dealing with very similar issues.
Rich people have better homes than poor people.
Well minorities are less likely to save enough money for a houseβ¦.plain and simple remember the housing loan crash that happened due to *predatory*loans which was really just banks lending to minorities who couldnβt really afford a home in hopes of racial equality has to do with a completely different mindset in culture between races
HERE WE GO AGAIN WITH THE RACISM BS. LMAOOO. CREDIT SCORE DOESNβT GIVE AF ABOUT YOUR RACE LOL
ABC was somewhat disingenuous in framing this story as an example of systematic and economic segregation. They say the person in question had the same income but they completely forgot to mention his credit score. If you look at statistics based on ethnicity the average FICO score for Africa-Americans is 677 vs 734 for Whites, and for Asians itβs 745. Itβs not always about race as it is about economic and societal differences. Some of the points are mentioned in the book Rich Dad Poor Dad, also the Department of Housing and Urban Development (HUD) was set up to help low income families buy property (with limited success).
Put these offenders in jail. Let's go Brandon
Looks like abc got called out for their BS race baiting. You don't need an investigation to show how F'd up the liberal news media is. They do whatever the Racist White Liberal Democrats tell them. Y'all are responsible for black neighborhoods, black crime, fatherless black families, pregnant black teens, social program fraud/abuse, and black illiteracy.
Ummm. Credit scores aren't racist. This is ridiculous
Shame on America, how can they call themselves land of the free when black and brown people are still being discriminate against