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To: TimSkalaBim
We are in the process of refinancing our home. There is that question that asks “race”. My lender told me straight out that they are so tired of being raked over the coals about not lending to “risky” minority clients that they relax the standards. Unless it is so obvious the people can not make the payments they lend, if there is any question the lend.
What she said was the bottom line is the government is forcing them to lend to people who are not qualified, which leaves less money for people who do qualify.
11 posted on 07/09/2011 7:23:15 AM PDT by svcw (democrats are liars, it's a given)
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To: svcw

Not only less money for people who would otherwise qualify, but when the risky borrowers default, we will all be on the hook — mortgage meltdown redux. Thanks for your post.


16 posted on 07/09/2011 7:31:27 AM PDT by TimSkalaBim
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To: svcw
My lender told me straight out that they are so tired of being raked over the coals about not lending to “risky” minority clients that they relax the standards. Unless it is so obvious the people can not make the payments they lend, if there is any question the lend.

Yet another affirmative-action subsidy. If they were non-minority, they would be charged a FAR higher interest rate to make up for the risk (assuming they were given a loan at all). Then add up the excess salary that companies give to minorities that are hired for positions above what they would get if they were non-minorities.

When some joker talks about "reparations", laugh in his face and tell him that it's been paid many times over, in blood (during the Civil War) and later to this day.

30 posted on 07/09/2011 8:15:25 AM PDT by PapaBear3625 (In the land of the pig, the butcher is king.)
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To: svcw

My white daughter, who has a great paying job now, has been having a problem getting financed to buy a home because of past financial problems. I told her the next time she applies to mark the hispanic box and she would be home free.
Problem is she is whitey white so I said if they question you cry racist!!
People need to learn how to play the libs games.


34 posted on 07/09/2011 8:25:31 AM PDT by sheana
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To: svcw

On the question of race on my census form I put down HUMAN.

Granted I did not put down humanese but someone may get the picture I don’t care a whit about what or why they think the government needs this info...an enumeration of the population is one per one, not one per one by race in my book.


39 posted on 07/09/2011 8:48:07 AM PDT by Mouton (Voting is an opiate of the electorate. Nothing changes no matter who wins..)
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