Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: FreeReign
Private plaintiffs and the Justice Department brought suits against lending institutions. "Patterns of Discrimination" were charged.

It appears that those lawsuits were routinely dismissed.

As for mortgages-if you check the graphs, the worst foreclosure rates are in the upper middle class to upper class areas. Stockton CA is #1 in the nation for foreclosures. I can't see low income borrowers buying houses in those areas.

Thanks for the response.

497 posted on 09/21/2008 1:51:24 PM PDT by A.Hun (Common sense is no longer common.)
[ Post Reply | Private Reply | To 418 | View Replies ]


To: A.Hun
Private plaintiffs and the Justice Department brought suits against lending institutions. "Patterns of Discrimination" were charged.

It appears that those lawsuits were routinely dismissed.

Really? Source?

As for mortgages-if you check the graphs, the worst foreclosure rates are in the upper middle class to upper class areas. Stockton CA is #1 in the nation for foreclosures. I can't see low income borrowers buying houses in those areas.

Stockton has a large minority(now majority) population. Like any metro area, there are upper income areas and lower income areas in it.

If you're basing your opinion that most foreclosures are not in poorer neighborhoods because Stcokton Metro appears on a foreclosure list than I can't come to the same conclusion.

Thanks for the response.

Thanks for raising the question.

511 posted on 09/21/2008 3:25:43 PM PDT by FreeReign
[ Post Reply | Private Reply | To 497 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson