Quote:
Originally Posted by SmokeyTheBear
i think we all agree this has taken place but do you really think financial institutions told their loan officers to target black people ?
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Well I think some loan companies may have. Actual banks, nah I find that doubtful.
I know first hand since I own a house in a "poorer" section of my city. During the big housing boom and when loans where floating around. I was receiving phone calls, post cards, as well as door to door salesmen trying to get me to cash out for an interest only home equity line of credit in excess of 125 to 150% of my homes value. Oddly now these same companies offices are now empty and again for rent in the shopping centers they popped up in.