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Yeah. It wasn't that long ago the mortgage industry was rife with blatant gender discrimination, which contributed to this issue. I've learned this from the com
by acjohnson55 7y ago
Yeah. It wasn't that long ago the mortgage industry was rife with blatant gender discrimination, which contributed to this issue. I've learned this from the compliance training at the mortgage lender where I currently work.
- DoreenMichele 7y agoI don't doubt it, but I think it's far more complicated than that. I think a great deal of potentially low hanging fruit is actively overlooked by the tendency the world has to go looking for ill intent. In cases where the explanation is something like "No, seriously, she simply cannot afford it." efforts to root out presumed bias are not only unhelpful, they are actively counterproductive. I need more income. Period. If you were to approve me for a mortgage this minute for the $550k building I desire, I simply cannot make the payments. It's not going to fix anything. First, get me the money. That's the one thing no one on this planet seems seriously willing to help me with and there is always some BS excuse.
- acjohnson55 7y agoTotally agree. When I taught high school in a impoverished area, someone somewhere said that poverty is acute lack of money, period. Everything else is a symptom (or feedback cause). So we spend all this time creating convoluted strategies to address poverty, except actually giving people money. Obviously, doing so wouldn't fix all problems on Day One for all people, but I now suspect it would be a lot more efficient than a lot of our efforts, and it would make the remaining problems more tractable.