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ORIGINAL: willbeurdaddy

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ORIGINAL: juliaoceania

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Actually it isnt. Plenty of non-minorities who can afford it can't get a mortgage either. The end result (and quite likely the intent) of these investigations is to put pressure on lenders to lower standards, just a backdoor way to subprime. It was the same bullshit that Frank, Dodd, Waters and their tools like Acorn perpetrated in the 90s.

Please read up on the history of the term "redlining".... you do not know what it means, your post proves it.

AGAIN..... if banks won't lend in a certain high minority area, to qualified buyers, just because it is a high minority area.... this is FUCKING REDLINING... that is what the article refers to. It has nothing to do with lending to "unqualified borrowers"... it means even if you have a good credit score, a steady job, and a down payment, the banks are still saying "fuck you"....and this is illegal.

I know full well what redlining is, sfb. The problem is that NO ONE is getting mortgages, not just those in high minority areas and not because they are in high minority areas. It is a witch hunt to apply pressure on lending standards, period.