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 lenny
Joined: 11 Sep 2007
Posts: 5
Location: Lansdale, PA
3.43 Dollars($)
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 Posted: Wed Sep 12, 2007 12:19 pm Post subject: What are your thoughts?? |
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U.S. Fed Says Minorities Denied Home Loans More Often
By Craig Torres and Alison Vekshin
[Comment converted to Image. System detected it as duplicate content]
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Len Zangwill
Sr. Loan Officer
Countryside Mortgage Company
www.countrysidelending.com
Direct# 267-263-3146
Cell# 215-701-9057
We guarantee our rate and fees in writing !! |
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miller_st
Joined: 17 Jan 2007
Posts: 917
168.92 Dollars($)
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| Posted: Wed Sep 12, 2007 12:53 pm Post subject: |
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| Quote: | | U.S. Fed Says Minorities Denied Home Loans More Often |
Well I thought these things had stopped quite long ago.
Miller |
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livinginnky
Moderator
Joined: 08 Sep 2007
Posts: 637
29.96 Dollars($)
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| Posted: Wed Sep 12, 2007 5:14 pm Post subject: |
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It is truly sad that things like this still happen.
I only see 1 color when I do a loan and that is GREEN. Not that I only do loans for the money but lets face it. I get up and work everyday for my family. And if I do 1 person wrong how much money will I lose? How many referalls could I have gotten?
Besides the fact that it is just plain wrong.
Wake up world! Forget repeating the past. If we can't learn to be kind to one another we have no future.
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Eric Matthews
Mortgage Refinance and Home Loan Guide |
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Niicss
Joined: 03 Oct 2005
Posts: 2620
Location: New Jersey
409.63 Dollars($)
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| Posted: Wed Sep 12, 2007 5:30 pm Post subject: |
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| Quote: | | I only see 1 color when I do a loan and that is GREEN. |
ha ha
well said 
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Good is the Enemy of Great. |
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larry
Joined: 27 Jun 2007
Posts: 3328
474.49 Dollars($)
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| Posted: Wed Sep 12, 2007 10:41 pm Post subject: |
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Even I feel that these sort of things should not happen. Today, when the world is so much advanced in everything, people should also be advanced in their thoughts.
This sort of racial differentiation should be wiped off totally. |
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lenny
Joined: 11 Sep 2007
Posts: 5
Location: Lansdale, PA
3.43 Dollars($)
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| Posted: Thu Sep 13, 2007 7:00 am Post subject: |
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When I came across this artical yesterday I thought about a couple I recently assisted a client where her previous lender charged her 3 points and issued her a 9.75% rate on a 30 year balloon, fully documenting income and assets with a 700 credit score, with an additional 3000 in lender fees. After reviewing what they did to this really nice older couple and the fact that they cashed them out to 100% of the equity in the home I set back and thought about how many uninformed people are out there.
I really appreciate forums and website's like this one. People please continue to give your customers correct information!!
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Len Zangwill
Sr. Loan Officer
Countryside Mortgage Company
www.countrysidelending.com
Direct# 267-263-3146
Cell# 215-701-9057
We guarantee our rate and fees in writing !! |
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Jessica
Community Mentor
Joined: 08 Jun 2004
Posts: 814
Location: OHIO
195.97 Dollars($)
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| Posted: Thu Sep 13, 2007 11:13 am Post subject: RE: |
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Yes Lenny, there are such differences existing in the industry although it shouldn't be there. The minorities especially Hispanic groups are charged higher rates and fees and what do these guys do. They'll have to accept it because they're simply bound to. But can't the lawmakers and the industry professionals do anything about it? I mean why would a guy have to pay thousands of dollars more just because he's from the minority group.
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http://jessica.mortgagefit.com/ |
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heavenhack7
Joined: 05 Apr 2007
Posts: 75
1.14 Dollars($)
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| Posted: Sun Sep 16, 2007 12:09 pm Post subject: i agree |
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| yes even i agree the world is advanced and these things should not happen. |
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