Total BS. Tell us their credit scores and that’ll tell the story. *(she’ll blame her low score on being black)
If you have a friend in the mortgage business, ask them if they will turn down a potential closing commission because the applicant was black. Utterly retarded.
probably 90% or more of the transactions, they have no idea what color they are. I’m in the business where I look at scores daily. A while back, they were pushing the same BS, the report showed that a black people with 60,000 income averaged 50 points less than whites with 35000 income as proof. Credit scores can be a little flaky, but they don’t discriminate. It’s the same thing that hurts black people in everything else, the disintegration of the family. The ones that had an intact family, a father and mother to guide them have great credit as a rule. Same goes for all other races.
Mortgages are dependent upon your credit your ability to pay it off - not skin color.
Of course, if your ability to pay off the loan is based on a temporary job, or shady employers, i.e. selling drugs, running numbers, prostitution; the application will be turned down because they are known as short term occupations, not the color of your skin.
Right. Serious details missing in this race baiting article.