Reply to Woah, Navy Federal is hella racist

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How is a conclusion that only includes one single data point valid? What about down payments--yes, privileged white people are much more likely to have down payments given to them--debt, and most of all, credit score? Such a flawed and biased story.[/quote]

Well the story focused on a black man who was rejected for a loan with 700+ FICO, 20% down payment, $100K income, and SFH owner occupied use. [b]That’s a slam dunk underwriting approval[/b]. [/quote]

It’s not a slam dunk if debt to income is high, which they mentioned, and you left out…

A White guy with a 700 score, 20% down, and a $100k job can’t qualify for a $800k house, so there are more factors[/quote]

I can’t get worked up about this until I know what price range the homes and then exactly how many mortgages were applied for in the group with income $140k and over to get a more clear picture.

is the $140k salary a one off and previous years were lower - so they average the salary over a few years?

were the applicants approved on a subsequent application for a home at a lower price point?[/quote]

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