Reply to Woah, Navy Federal is hella racist

Forum Index » Real Estate

Reply to "Woah, Navy Federal is hella racist"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[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. That’s a slam dunk underwriting approval. [/quote]

And how much was he asking for?[/quote]

If you actually bother to read the article you'd know.

He was quickly approved by another lender and bought the house. The real question is why Navy Federal's disparity in approval rates is so much larger than every other bank's. Differences in black and white average credit score would lead to a disparity in mortgage approval rates, of course. But it's doubtful this general difference in credit scores by race would explain why Navy Federal's disparities in mortgage approvals is so much larger than other mortgage lenders. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics