DISQUS

earlmah · 1 year ago

Ann Coulter. Clearly the best thing to do during an economic crisis is to begin pointing fingers instead of uniting to start solving the problem. All you know how to do is stir up the pot, pit people against each other, and offend anyone that doesn't have a view that perfectly aligns with yours.

You are exactly what this country needs now.

Disappointed · 1 year ago

This was a pathetic response to Coulter. I am trying to keep an open mind here but since there are more whites, of course there will be more whites getting homes, so who cares about the 58% number. This is the question: What percentage of white renters failed to meet their mortgage obligations versus the minority owned mortgages obtained whithout having to provide all of the standard mortgage documents such as verification of income, proof of employment, credit history, or even provide a down payment? What was the overall affect of the minority owned homes who failed to meet their obligations? If it was negligable, forget about it, I beleive in helping out minorities so long as there is a time table... maybe two generations... with expectations of results that can be tabulated.

ybpguide · 1 year ago

Two things.

1.) More in-depth math and clarification can be found on the Newsweek article, so I suggest you read that.

2.) To answer your question directly, per Newsweek, the historical percentage of poorer people (because white people can be poor too) that defaulted on their mortgages is lower because the risk is greater for them. Quote:

..as The New York Times recently reported, Nehemiah Homes, a long-running initiative to build homes and sell them to the working poor in subprime areas of New York's outer boroughs, has a repayment rate that lenders in Greenwich, Conn., would envy. In 27 years, there have been fewer than 10 defaults on the project's 3,900 homes. That's a rate of 0.25 percent.

Disappointed · 1 year ago

Thanks for the reply, wait, but per that article it seemed that this was an initiative to help communities of color only. I thought that meant you had to be a minority to get those rates. So this was for poor whites in those communities as well?

BTW, trust me, lol, I know whites can be poor...

Signature payday loans · 1 year ago

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Hussien Obammer · 1 year ago

IT's too bad Ann is correct. It all stems from carter and the CRA. Then we got that pig clinton and he came along and made welfare and unemployment count as income. His agencies also threatened lawsuits if the loan agancies didn't make these loans to unqualified peoples of color. I want to know why is it always the blacks that have problems? The chinese and vietnamese come here and do just fine. They own stores and homes and create employment. But then we have the blacks and what do the ydo? From what i have seen so far in my 49 years, all they do is look for another hand out. It's time to eliminate all aid to all blacks. make the work, make them be productive oir starve.

ybpguide · 1 year ago

I guess it's a good thing you only have 1 vote, then, there in Pennsylvania (I traced your IP address).

While I won't get into a history lesson about 'what us blacks' have done, I will say that I will continue to pray for you and your narrow mindset. I also hope that it changes, but if it doesn't, I feel comforted in the fact that opinions like it are a dying breed.

TheJennTafur · 1 year ago

I thik I am understanding this a little bit more. Thank you so much for helping. The newsweek article cleared up some questions I had. I appreciate the education.

TheJennTafur · 1 year ago

Thank for helping to clear up this situation to some of us like me who were confused with the crisis and the Clinton administration's involvement with it. That is what I had heard on CNN that minorities were to blame for on CNN they brought up this article here, Fannie Mae Eases Credit To Aid Mortgage Lending By STEVEN A. HOLMES
Published: September 30, 1999 http://query.nytimes.com/gst/fullpage.html?res=... The Newsweek article and your response helps me understand the situation better. I appreciate you breaking it down for me.

arizona auto insurance · 1 year ago

It seems there were cries a few years ago about freddie and fannie that were being ignored. As it is in Washington these days, as long as the good ole boys are receiving their fair share of the goodies, things like this will be ignored. It's a good old boy network on both sides of the ticket that are to blame.

Mortgage Site · 11 months ago

This is the question: What percentage of white renters failed to meet their mortgage obligations versus the minority owned mortgages obtained whithout having to provide all of the standard mortgage documents such as verification of income, proof of employment, credit history, or even provide a down payment

fuckoff · 10 months ago

The real reason is the democrats wanting to buy the low income vote....... Plain and simple. Buy the minority vote get elected. been going on forever. Now real working people are fetting FUCKED while the low like minorities still get everything for nothing. Great country huh> NOT!!!!!!!!!!

Amortization · 8 months ago

I tend to believe this too, this mortgage crisis is reaching to us all and it's changing our perspectives and financial plans. The mortgage crisis is definitely not a minority problem.