ABC News’ David Scott reports on an ABC News investigation finding gaping disparities based on race in mortgage lending nationwide.
ABC News Live Prime, Weekdays at 7EST & 9EST
WATCH the ABC News Live Stream Here: https://www.youtube.com/watch?v=w_Ma8oQLmSM
SUBSCRIBE to ABC NEWS: https://bit.ly/2vZb6yP
Watch More on http://abcnews.go.com/
LIKE ABC News on FACEBOOK https://www.facebook.com/abcnews
FOLLOW ABC News on TWITTER: https://twitter.com/abc
#ABCNLPrime #Housing #Mortgage #Loans #HousingDivide
black people and its leaders should publicly boycott Milwaukee.
Mr MARTIN TORJUSSEN is the best recommending him to all beginners who wants to recover losses like i did.
How is this considered NEW! This is very old news. It’s been going on for decades.
I’m shocked because we’ve only been hearing this since black Americans were granted the opportunity to buy one, however slim the selection was
Even a black person wouldn’t want to live in an all black neighborhood…..so yeah maybe that’s the problem.
Thought when it came to money only green mattered. They make it so specific to one race issue. Though it's all about status, not always color
WP get in their feelings on topics like this because it’s almost like they would have to literally admit their privilege and if you let them tell it – it doesn’t exist…lol
I lived on the Southside of Milwaukee for one year. I moved there from Chicago in 2008. I was surprised that Milwaukee was just as segregated as Chicago if not more. People need to highlight that the majority ensure to keep Blacks in their place. And they say racism don't exist.
It's funny how ABC and The DNC choose to completely forget the concept of credit when they claim this is an issue.
I just don't know how companies don't get sued. If you have a good fico score and a history of paying bills on time, you should get a mortgage, regardless of what color you are!
Look at Orlando please
I am pretty sure that when a black family moves into a neighborhood, the residents all become very fearful of what might happen. If you don't know what I mean, just drive through a black neighborhood.
It's damn hard getting a loan when you have a criminal history, and just got out of jail.
Its all about the math and statistics. When a bank looks into giving out a loan in the statistics yes race is part of it. They compare which group pays off the loans, which group for what ever reason doesnt pay off the loan etc. Thats how banks make a decision on who gets a loan and who doesnt. Is it fair? Absolutely not however thats how the real world operates. Sadly if your black or brown you can have the greatest credit score but you will have to give more than just the 20% down if you want a bank to approve a loan.
Where we live in Canada it's opposite it's like the white people all get pushed back and all the immigrants that we let come over take priority housing And we get pushed back to the bottom again and it happens all the time they also overuse our food banks And all of our services leaving barely anything to Canada But that's because Canada is soft and needs to stop being a ðŸÂˆI love my country and I'm proud of them for finally standing up
This is no surprise. America has a long way to go.
"Call on the Lord in the day of trouble,
and he will deliver you."
        – Psalm 50 :15
Maybe it's because I'm European, but it doesn't make sense to me. Mortgage companies and banks are corporations, they will sell their own grandmother's legs for a profit. But not lending to non whites is more important than profits?
I love these news videos. However, it is really annoying that at the end of the video, you are greeted by George. Please change that!
Its all about the math and statistics. When a bank looks into giving out a loan in the statistics yes race is part of it. They compare which group pays off the loans, which group for what ever reason doesnt pay off the loan etc. Thats how banks make a decision on who gets a loan and who doesnt. Is it fair? Absolutely not however thats how the real world operates. Sadly if your black or brown you can have the greatest credit score but you will have to give more than just the 20% down if you want a bank to approve a loan.
You guys help out in financing my business, thru transferred $11,000 to my PayPal account
Red lining was created by the government and will be dismantled by God .
I love all the real ones
All da states or named after our Black and brown ancestors ever Color on the spectrum come from black
credit history? Ppl sell to the buyer who offers the best deal , down payment, Cash offers, you know grown up things. Crazy to believe nobody wants your money due to discrimination.
Racists and bots in the comments 😂