Conservative65
Gold Member
- Oct 14, 2014
- 26,127
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- #141
Minorities almost always end up paying a higher rate, based on race.The rates are what they are. The fact that minorities are less likely to get the loan, and at a higher rate, is already known.They should make loans, ah, without prejudice. Let's start there.and get fucked by loan officers
Maybe we should push banks to make more loans to more lower income minorities.
What's the worst that could happen?
Default rates should be equivalent, when adjusted for income. Sound good?
The rates are what they are.
Exactly. And if blacks have to be more qualified borrowers to get a mortgage, their default rates would be lower.
Proof?