Financial Information
Is it true that mortgage lenders specifically targeted black families in order to make a quick buck?
Question : Is it true that mortgage lenders specifically targeted black families in order to make a quick buck?
A recent report indicated that black families who bought homes within the last 3-4 years were hit the hardest by this mortgage cash due to predactory lenders.
How do people live with themselves knowing they played an active role in mortgage crisis by putting raw meat in front of a hungry lion? These lender know that 95% the people being approved for loans wouldn’t be able stay in those and homes after a short-time, and yet they still pushed forward.
Shame on these corporation and those Fat Cat’s.
mortgage lenders
Best answer:
Answer by Adam L
I think its pitiful that you aren’t placing blame on the people. They know what they are getting into when signing a mortgage and if not it’s the old buyer beware slogan. They should have made an informed decision.
you may “friend” are a TOLL looking for a fight.
Lenders DID NOT do this. In fact, it was the black caucus of congress that actually push Freddie and Fannie into loosing credit requirements to increase home ownership for non-whites.