Are you kidding?

[jmsspratlin]

http://www.msnbc.msn.com/id/29678907

[NewHummerGuy]

And why would this shock you????


"An NAACP member, Amara Weaver of Milwaukee, said she was one of the victims of predatory lending. She bought her first home in 1984, receiving a 6.25 percent fixed-rate mortgage. She says she had a steady job as a human resources director for a social services agency, never missed a mortgage payment and maintained excellent credit.
In 2004, she wanted to buy the house next door for her son to live in. She said the bank promised her a low fixed rate for a $40,000 loan, but at the closing, when reading the fine print, she noticed that the rate was actually 11 percent."

maybe you didnt make enough money to afford both loans B1TCH!!!!!

[speednr1]

Isnt Obama paying black people's mortgages now?

http://www.youtube.com/watch?v=P36x8rTb3jI

[jmsspratlin]

And why would this shock you????


"An NAACP member, Amara Weaver of Milwaukee, said she was one of the victims of predatory lending. She bought her first home in 1984, receiving a 6.25 percent fixed-rate mortgage. She says she had a steady job as a human resources director for a social services agency, never missed a mortgage payment and maintained excellent credit.
In 2004, she wanted to buy the house next door for her son to live in. She said the bank promised her a low fixed rate for a $40,000 loan, but at the closing, when reading the fine print, she noticed that the rate was actually 11 percent."

maybe you didnt make enough money to afford both loans B1TCH!!!!!


Exactly. I hate people that like this regardless of ethnic background.

[Dave92270]

"...lawsuits allege systematic, institutionalized racism in sub-prime home mortgage lending..." ..poor black people, once again..

"...African American homeowners who received sub-prime mortgage loans from these lenders were more than 30 percent more likely to be issued a higher rate loan than Caucasian borrowers with the same qualifications.."

..higher risk - higher rate? I always thought that banks are businesses and not charities

[KenP]

Mah president....

Like NHG posted, the 40k mortgage stuck out to me. WTF do you live in for 40k?:confused: