Reply to Woah, Navy Federal is hella racist

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I thought applications couldn’t ask race?[/quote]

No, it’s the reverse - applications for mortgages MUST ask for race. You don’t have to answer but the loan officer then has to guess. [/quote]

Before or after loan approval? [/quote]

Before approval. They need to know this so that at the end can run an analysis to make sure there is fairness and not discriminatory practices.

Same for college admissions and the reason lots of employmemt applications ask about whether you know someone that works there. It’s not for them to use the information in making their decisions; it’s for them to use the information to ensure that the end results are equitable (larger companies may chznge hiring practices if  they end up with  a higher percentage of nepotism)

In the end, if they run race-blind mortgage loan acceptance and realize that it skews white or that they are seemingly discriminating against a certain race then would need to change their policies.

The problem is it seems like a place like Navy Federal hasn’t been running these analysis Or they would have known this before CNN found out.the other banks are smart enough and big enough and spend more money to have done this and would have changed their policies if so. [/quote]

They hate white people too.   No worries there. [/quote]

They hate everyone? Then Who banks with them?[/quote]

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