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African-Americans squeezed out of the housing market
CNN Money ^ | January 27, 2014 | Les Christie

Posted on 01/27/2014 10:48:32 AM PST by rightwingintelligentsia

More African-Americans are being squeezed out of the housing market.

Not only are they less likely to apply for a mortgage than any other ethnic group, but African-Americans are also 2.4 times more likely to get denied a mortgage than Whites, a recent study conducted by Zillow and the National Urban League found.

(Excerpt) Read more at economy.money.cnn.com ...


TOPICS: Business/Economy
KEYWORDS: blackshousing; homesales; housing; housingmarket; mortgages
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1 posted on 01/27/2014 10:48:32 AM PST by rightwingintelligentsia
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To: rightwingintelligentsia

That’s racist? ;-O


2 posted on 01/27/2014 10:49:50 AM PST by miliantnutcase
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To: rightwingintelligentsia
African-Americans are also 2.4 times more likely to get denied a mortgage than Whites

It couldn't be that they are much less likely to attend college, have stable families, along with strong income? No, it must be race/s
3 posted on 01/27/2014 10:49:53 AM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: rightwingintelligentsia

needs the j o b to gets a crib
fool


4 posted on 01/27/2014 10:50:58 AM PST by ▀udda▀udd (>> F U B O << "What the hell kind of country is this if I can only hate a man if he's white?")
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To: rightwingintelligentsia

Because we all know white people give each other stuff for free.


5 posted on 01/27/2014 10:51:20 AM PST by dfwgator
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To: rightwingintelligentsia

And this is how 2008 all started...


6 posted on 01/27/2014 10:51:55 AM PST by DPMD
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To: rightwingintelligentsia

BS


7 posted on 01/27/2014 10:52:45 AM PST by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: DPMD

Rinse. Lather. Repeat.


8 posted on 01/27/2014 10:52:47 AM PST by dfwgator
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I need to go look something up now. I remember years ago an online mortgage company in the crosshairs because it was discovered that blacks were turned down at a much higher rate than whites. Some groups studied this, and the mortgage company got a bit of bad press. Then it became more widely known that the mortgage company did not ask for the race of the applicant, at which time the whole kerfuffle got dissappeared.


9 posted on 01/27/2014 10:53:57 AM PST by dsrtsage (One half of all people have below average IQ. In the US the number is 54%)
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To: rightwingintelligentsia

I guess showing a few EBT cards is not considered a good credit reference for most lenders.


10 posted on 01/27/2014 10:54:19 AM PST by Red_Devil 232 ((VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!))
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To: rightwingintelligentsia

Some government action is definitely needed to correct this!


11 posted on 01/27/2014 10:56:13 AM PST by MNDude
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To: rightwingintelligentsia

I thought your black messiah was supposed to fix that for all you folk.


12 posted on 01/27/2014 10:56:44 AM PST by taillightchaser (I'm going to become a criminal so I can keep my guns.)
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To: rightwingintelligentsia
African-Americans squeezed out of the housing market

Yawn - "World ends women and minorities hit hardest."

13 posted on 01/27/2014 10:57:02 AM PST by from occupied ga (Your government is your most dangerous enemy)
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To: Red_Devil 232

“I guess showing a few EBT cards is not considered a good credit reference for most lenders.”

Well now, if the EBT cards had odumbo’s picture on them...that would be like money in the bank.


14 posted on 01/27/2014 10:57:17 AM PST by areukiddingme1 (areukiddingme1 is a synonym for a Retired U.S. Navy Chief Petty Officer and tired of liberal BS.))
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To: rightwingintelligentsia
but African-Americans are also 2.4 times more likely to get denied a mortgage than Whites


15 posted on 01/27/2014 10:57:23 AM PST by 1rudeboy
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To: rightwingintelligentsia

And more whites get denied than Asians. When oh when will we get the justice we deserve?


16 posted on 01/27/2014 10:57:26 AM PST by Andyman (The truth shall make you FReep.)
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To: rightwingintelligentsia

Government should get involved and pass a law to increase home ownership to reinvest in the community.

We can call it the Community Reinvestment Act.


17 posted on 01/27/2014 10:59:14 AM PST by Personal Responsibility (I'd use the /S tag but is it really necessary?)
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To: rightwingintelligentsia

What do you mean I need to have job to get a loan? That’s racist.


18 posted on 01/27/2014 10:59:37 AM PST by Starstruck (If my reply offends, you probably don't understand sarcasm or criticism...or do.)
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To: rightwingintelligentsia
African-Americans are also 2.4 times more likely to get denied a mortgage than Whites.

Everybody is getting denied mortgages these days. What loans are getting made are solely to employees with the right amount of documentable W2 income...reinforcing my pet theory that the mortgage markets post Dodd-Frank are being used by the Administration to reward union labor and BigCorp employees who pay their minimum annual bribe to the IRS and punish those kulaks (self-employed, small business owners) who due to deductions or losses may have little or no tax liability in a given year and can't play the game the "right" way.

19 posted on 01/27/2014 11:00:07 AM PST by Mr. Jeeves (CTRL-GALT-DELETE)
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To: Red in Blue PA

I used to be a tax preparer in an inner city area. I saw a lot of black people who had good incomes from gubmint jobs, but they still were renting. Maybe they had rotten credit, but they had the income.


20 posted on 01/27/2014 11:01:10 AM PST by forgotten man
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