Raghu writes: >> There are two kinds of "discriminating" mortgage bankers. One kind >> only makes loans to those who are reasonably able to repay them. The >> other kind "red-lines" people based on ethnicity or zip-code because >> they are too lazy to go to the trouble of verifying each individual's >> credit-worthiness. >> >> I assume you don't support the second kind of "discriminating" mortgage >> broker.
See my response to Jim Devine. It is not a matter of laziness. It is a matter of practicality. As I said in response to Devine, redlining produced equal default rates. The bankers knew what they were doing, just as insurance companies know what they are doing when they price policies based upon zip codes. If we think it is unfair and ban it, so be it, but you can't attribute the conduct to laziness, irrationality, race hatred. (Well you can, but you would be wrong.) David Shemano _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
