post By Steve Sailer on 2018-03-07 22:46:51 -0500

NYT: To Fight Racism, Let's Blow Up the Housing Market Again

he New York Times editorializes: The Race-Based Mortgage PenaltyBy THE EDITORIAL BOARD MARCH 7, 2018 As the Trump administration begins to gut federal enforcement of civil rights laws, minority communi...
post By Steve Sailer on 2018-02-16 00:22:50 -0500

Minority Lending AGAIN: Those Who Never Noticed the Past Are Condemned to Repeat It.

From the Associated Press: Kept out: How banks block people of color from homeownershipby AARON GLANTZPHILADELPHIA (AP) — Fifty years after the federal Fair Housing Act banned racial discrimination in ...
post By Steve Sailer on 2017-08-12 21:07:13 -0400

Dennis Dale on the Scramble for America

At Untethered, Dennis Dale writes: Appropriate that which is Appropriate… It’s important to understand we’re in the appropriation phase of “civil rights”, a period of wealth confiscation and privilege ...
post By Steve Sailer on 2017-08-12 20:55:30 -0400

Tenth Anniversary Of The Minority Mortgage Meltdown

I went camping in late July 2007 and when I got back in early August, the world had changed. The subprime mortgage bubble had definitively exploded. It took more than a year for the financial world to ...
post By Steve Sailer on 2017-07-19 23:28:27 -0400

Here We Go Round The Mulberry Bush Again: "Millions Will Be Spent To Help Black Homeowners After Investigation Revealed Inequity"

From the CBS station in Richmond, VA: Millions will be spent to help black homeowners after investigation revealed inequity POSTED 12:32 PM, JULY 17, 2017, BY SCOTT WISE,Millions will be spent to help ...
post By Steve Sailer on 2017-05-27 01:32:58 -0400

Canada's Current Mortgage Meltdown Looks a Lot Like America's 10 Years Ago

Much like in the U.S. Sand States in 2007-08, it turns out that a big mortgage lender in Toronto that focused on lending to immigrants is riddled with fraud. From Bloomberg: The fate of Home Capital, k...
post By Steve Sailer on 2017-05-21 23:49:49 -0400

Why Don't Economists Yet Understand the Housing Bubble/Bust, AKA Minority Mortgage Meltdown?

Economist Robert J. Shiller [Email him] writes in the NYT: How Tales of ‘Flippers’ Led to a Housing Bubble Economic View By ROBERT J. SHILLER MAY 18, 2017There is still no consensus on why the last ho...
post By Steve Sailer on 2017-03-11 12:44:11 -0500

Minority Mortgage Meltdown: Anything with "American Dream" in the Title Is Bogus

The American Dream Downpayment Act of 2003 was a small but symbolic law whose passage by Congress signified victory for George W. Bush in his war on traditional mortgage credit standards such as downpa...
post By Steve Sailer on 2017-03-08 16:11:25 -0500

Here We Go Again: Is Minority Mortgage Meltdown II Underway?

A press release from Wells Fargo: Wells Fargo Commits to Increase African American HomeownershipATLANTA – February 28, 2017Wells Fargo & Company (NYSE: WFC), the leading U.S. home loan lender, tod...
post By Steve Sailer on 2016-04-07 12:50:10 -0400

Obama Wants Banks to Use More "Subjective Judgment" in Handing Out Mortgages

From the Washington Post: Obama administration pushes banks to make home loans to people with weaker creditBy Zachary A. Goldfarb April 2, 2013The Obama administration is engaged in a broad push to mak...