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Financial Services

More minorities own their homes

Posted in the Financial Services Forum

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Vikings Fan

Rochester, MN

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#69
Nov 13, 2009
 

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IrishMN wrote:
<quoted text>
That is a very ignorant statement. The vast majority of those receiving assistance in this country are whites.
Speaking of ignorant, considering african-americans make-up only 18% of our population I would expect a "vast majority of those receiving assistance in this country are whites". But if you look at the statistics based on a percentage of population, african-americans receive assistance by a far larger number/ratio than whites. And the same can be said about crime committed by african-americans.
Nick

Minneapolis, MN

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#70
Nov 13, 2009
 

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Vikings Fan wrote:
<quoted text>
Speaking of ignorant, considering african-americans make-up only 18% of our population I would expect a "vast majority of those receiving assistance in this country are whites". But if you look at the statistics based on a percentage of population, african-americans receive assistance by a far larger number/ratio than whites. And the same can be said about crime committed by african-americans.
The above is true, not to mention that 18% does 50% of the murders and violent crime in the USA.

Since: Oct 09

Minneapolis, MN

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#71
Nov 13, 2009
 

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Vikings Fan wrote:
<quoted text>
Speaking of ignorant, considering african-americans make-up only 18% of our population I would expect a "vast majority of those receiving assistance in this country are whites". But if you look at the statistics based on a percentage of population, african-americans receive assistance by a far larger number/ratio than whites. And the same can be said about crime committed by african-americans.
Have you ever heard of the phrase: "Institutional Racism"?

Of course you have not, because that would require an open mind that actually looks to solve problems rather than opress other people not as fortunate as yourself.
Vikings Fan

Rochester, MN

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#72
Nov 13, 2009
 

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IrishMN wrote:
<quoted text>
Have you ever heard of the phrase: "Institutional Racism"?
Of course you have not, because that would require an open mind that actually looks to solve problems rather than opress other people not as fortunate as yourself.
"Institutional Racism"? Yes I have. Just another term made up by left wing, liberal, socialists like you, who have "white guilt" and need a term to justify this stupid term!
TheMaster

Saint Louis, MO

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#73
Nov 13, 2009
 

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Housing Czar wrote:
Fannie Seeks $15 Billion in U.S. Aid
http://money.cnn.com/news/newsfeeds/articles/...
Fannie Mae today reported its third-quarter 2009 results and filed its quarterly report on Form 10-Q with the Securities and Exchange Commission. The filing provides consolidated financial statements for the third quarter of 2009. The following documents are now available on Fannie Mae’s Web site:
News Release reporting third-quarter 2009 financial results Fannie Mae’s quarterly report on Form 10-Q Third-Quarter 2009 Credit Supplement
Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America’s secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America
more at money.cnn.com ...
----------
More proof that the government cannot run anything and that government run entities are nothing but endless moneypits.....woot! for Dems version of ObamaCare, huh?
The upkeep on their rental program is going to be a real Barney. Wouldn’t it be cheaper to give away all their bad mortgages? Forgive the debt, and move on in the spirit of hope and change.
You got it. Anything the dems propose to cure a social ill never works and ends up costing way more than initially proposed. Which is why nobody in their right mind should support a national health care plan run by the government - it will be costly, services will be restricted, and the quality will drop.
TheMaster

Saint Louis, MO

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#74
Nov 13, 2009
 

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IrishMN wrote:
<quoted text>
That is a very ignorant statement. The vast majority of those receiving assistance in this country are whites.
Not as a percentage.
Rod Jeremy

Titusville, FL

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#75
Nov 13, 2009
 

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IrishMN wrote:
<quoted text>
Have you ever heard of the phrase: "Institutional Racism"?
Of course you have not, because that would require an open mind that actually looks to solve problems rather than opress other people not as fortunate as yourself.
Have you ever heard the phrase "Lethal Nonsense"?
It's exactly what your preening idol and his crew of 70's and Clintonite has-beens are promulgating.
BS Spotter

Redlands, CA

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#76
Nov 14, 2009
 
This topic is getting "a verbis ad verbera"
K Bar

Minneapolis, MN

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#77
Nov 15, 2009
 

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IrishMN wrote:
<quoted text>
That is a very ignorant statement. The vast majority of those receiving assistance in this country are whites.
And you're one of them!!!
handay dandy

Saint Paul, MN

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#78
Nov 15, 2009
 

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oxboro wrote:
<quoted text>
are you referring to war GW bush blindly led this country into?
Led blindly? Are you one of those who has forgotten 9/11? Figures! I believe we are on the side of freedom, freedom, freedom. Just like when we INVADED Germany against Hitler. You fool.
handay dandy

Saint Paul, MN

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#79
Nov 15, 2009
 

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Nick wrote:
<quoted text>
The above is true, not to mention that 18% does 50% of the murders and violent crime in the USA.
Nick is right.....!!!
handay dandy

Saint Paul, MN

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#80
Nov 15, 2009
 

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39ehonor wrote:
Blacks are losing their homes in record numbers, since they were the ones who got in above their head during the 2002-2006 boom years--Foreclosures have affected blacks severely, and now Black ownership of homes is at its lowest since 2001
It is effecting everyone; including me. I can't pay my taxes, and I will lose my house. I didn't get any govenment 'help' to secure my mortgage; I qualified by working and saving for it. Now, when I need help (yes, I am white) there isn't any for me; do I get some sympathy?

“Lil Wayne...Rebirth”

Since: Sep 09

Seoul, Korea

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#81
Nov 15, 2009
 

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Steveb wrote:
I'm white and i still rent. When do i get my house? They said minorities right?
I know that most people in California rent.
handay dandy

Saint Paul, MN

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#82
Nov 15, 2009
 

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MPLS wrote:
<quoted text>
No point... there are to many biggots on this form. Most of these fools don't even own a home.
How do you know who owns a home? Biggots because they don't believe in the dole? They believe in working for what you get? Yeah, what fools they are....work for what you get, yep get up and go to a job, pay your bills, and your taxes to help those who will not help themselves....single parent homes? Today, there is no excuse for an unplanned pregnancy, unless you want to collect from Uncle Sam. You are a fool. Fool.
speedy

Green Isle, MN

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#83
Nov 15, 2009
 

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Hmmm wrote:
MN may have a high level of home ownership, but we also have one of the highest rates of foreclosure.
Predatory lending should not be celebrated. Minorities have been on the receiving end of these cheap ARM loans a LOT of the time. Oh but it makes us feel good to say they have a home (for now.)
Spring of 2010 estimates put one in six homes in foreclosure in the US. Buckle up folks. Another bubble burst is coming (and more calls for "stimulus," undoubtedly. Don't fall for it again.
I really don't like the term "predatory lenders". Are they out there? Absolutely! Why are they still going? Lazy and/or uneducated borrowers.
I bought my first home on a contract. Only after seeing the terms and knowing I could afford to make my monthly payments.
When I sold that home and bought my current home I once again examined the terms. I determined I could afford it. 14 years later I am poised at paying my mortgage off early. Why? Because I knew better than to get in over my head, and didn't let anyone talk me into something that was fantasy.
People blame others for thier lack of IQ, not a healthy thing.
Urijah

Minneapolis, MN

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#84
Nov 16, 2009
 
handay dandy wrote:
<quoted text>It is effecting everyone; including me. I can't pay my taxes, and I will lose my house. I didn't get any govenment 'help' to secure my mortgage; I qualified by working and saving for it. Now, when I need help (yes, I am white) there isn't any for me; do I get some sympathy?
Affirmative action and lowering requirements for minorities has destroyed the mortgage market just as it has destroyed the rest of the American institutions. The dumbing down of America is the result. Instead of encouragement and favor the white American has been dragged down the the blacks level. They didn't 'level the playing field', they handicapped the white players.

Since: Oct 09

Minneapolis, MN

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#85
Nov 16, 2009
 

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Urijah wrote:
<quoted text>
Affirmative action and lowering requirements for minorities has destroyed the mortgage market just as it has destroyed the rest of the American institutions. The dumbing down of America is the result. Instead of encouragement and favor the white American has been dragged down the the blacks level. They didn't 'level the playing field', they handicapped the white players.
Your comments above are utterly rediculous and reflect an absolute ignorance of the value of a diverse population where we all prosper.
Urijah

Minneapolis, MN

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#86
Nov 16, 2009
 

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IrishMN wrote:
<quoted text>
Your comments above are utterly rediculous and reflect an absolute ignorance of the value of a diverse population where we all prosper.
Tell that to all the homeowners with lowered property values and increased crime that actually live with these problems.

You live in a dream world.
Clueless

Minneapolis, MN

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#87
Nov 16, 2009
 
IrishMN wrote:
<quoted text>
Your comments above are utterly rediculous and reflect an absolute ignorance of the value of a diverse population where we all prosper.
O.K., we've gotten all of your talking points now robot; you can go back
to your websites and get your updates.
Pat from Blaine

Pittsburgh, PA

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#88
Nov 16, 2009
 

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Urijan,

Don't worry Urijan. We all believe you. IRISHMN knows not what he speaks of.

Look at today's young population and what passes for knowledge these days.

Cashier's do not know how to count out change unless it is written on cash register.

We have to write signs for stupid people so they do not walk across railroad tracks.

We lower standards for schools every year so more kids can graduate.

We lower standards for Firemen so lower levels can become a Firemen.

But IRISHMN believes lower standards i sgood as long it "screws the man" IRISHMN should know that lowering standards screws everyone.
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