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Among other things, I've been a mortgage broker for the past 15 years. I got a first hand look at this mortgage debacle from the inside. I have found that Blacks are a very cliquish group who tend to want to deal with other blacks. The problem is, like black on black crime, blacks are vicious with other blacks.

I'll never forget this one black lady who's business I was after. It was a small loan, a consolidation of a first mortgage currently at 7.5% and a second mortgage at 11%. I was trying to put her first and second together at 7% which was a good deal for her. Curiously, she took a deal from a black guy at 9%.

He convinced her that I was lying to her and that because her frist was 7.5 and her second was 11 that she had a 18.5 blended rate and that refinancing it to 9% was a great savings for her. Remember, I was offering her 7%.

It was a 70k dollar loan or so, and when she told me the aforegoing explanation I was so shocked I couldn't respond. I told her that she would no doubt be happy with the loan and I wished her good luck.

True story. He FORCED her into a bad loan. Bad bank!