NAACP Sues Two Major Mortgage Lenders
March 16th, 2009
The NAACP, which contends that several major mortgage lenders forced African Americans into bad loans that have sparked an epidemic in foreclosures, filed a class-action suit Friday in a Los Angeles court. Among the culprits, says the nation’s largest and oldest civil rights organization, are Wells Fargo and HSBC, which steered Blacks into sub-prime mortgages, even in cases when their credit qualifications – such parameters as credit scores, incomes and down payments – were better or identical to those of White borrowers. Read more.
RSS Feed
Newsletter



@david
David, we are blaming it on the same whiteman thats got you living in a trailor. David, why do poor whites support rich republicans? They don’t like you either. Just like democrats don’t like poor blacks. Do you remember in Roots when the white guy explained how happy he was to see “them” coming. Meaning poor whites, your anchestors, did the work of slaves before we got here. So why is it you don’t like black people. What ever you haven’t accomplished as a white man in this white country is your fault David! Not people of color! How many black ceo’s is it that run major companies? Not many, so quit blaming your problems on blacks!
Hey b, I agree with you on most, but the Democrats like everybody. Democrats help more poor people than rich people. No matter the race.
This same realestate problem occurred in 1994. I was a victim of that .Half poor financial advise, poor lending pratices, and the up-side effect of a homes worth. The later part of 1993 found us selling our 1st home and upgrading to a better property. The new home sold for 210,000.00 within 6 months, the properties in the neighbor were selling for 180,000 and they continued to go lower.
The only thing that makes what is happening now different, is it’s messing with two many white folks money.
@’said
Maybe on paper or possilbly I can be a little hard on the dems. But poor people don’t need another lullaby president that smokes and plays the sax.
Thats why I support President Obama, not because he’s a democrat, but because he was born and raised a common man. Personally I am independant, because the elephant and the donkey is a non-constructive
process to me. I am tired of picking the lessor of two evils. Of course neo-cons are nazis in training but some dems aren’t much better.
So blacks did not pay for there houses , and this is news ? They never pay there bills.
So blacks did not pay for there houses , and this is news ? They never pay there bills .
Rent a center gonna take my furnature and laptop if Obama dont hurry wit da stimulus .
Rent a center gonna take my furnature and laptop if Obama dont hurry wit da stimulus.
I know David is cheating on me with Bubba Long his Big Beefy Black Lover!! I just lost my tralier .my weave and now my dumb man!!
I too have fallen prey to Wells Fargo and in the process of dealing with them on a foreclosure. I was paying them and they wouldn’t accept a late payment which I had the money. They put me in foreclosure unecessary. They’ve been hard on Blacks than Whites. Another thing they have been doing to us is tacking on excessive fees. At that rate you will never be caught up. They blanketed the city with People refinancing loans hoping to cash in on us. It back fired. This have been one of the company that’s not trying to help people in foreclosure. But they have their bailout money…
Jealous A@@ honkies, say what you want, you still stank, you still sleep with your own kids, serial killers, and you people are the ugliest people around.
you people should sue yourselves for being stupid! wherever you go for a Loan you have to fill out Loan papers ! And that is the time for you people to ask Questions ! A housing Law was passed to lower the requirements for you people to get a Loan! And you poeple just did not pay your bills that is your responsibility . Do not sign for a Loan you people can not affort . The attitude get it today and pay for it tomorrow does not work and you people as usual want to blame and bi!ch other people for what you people Do . It is your responsibility for what is in your credit report no one else’s ! You people know this but you people have welfare Minds . So stop with the we are victims .You people are the problem.
Thats why I didnt by a house mang. Why is the rest of you be wanting to sue when you be the ones signing the forms. Im the one that should be gettin payd after living in the projects payin rent and knowin my finance limits son.
Got dem golds in my mouf,
Dquan
What moron would sign a contract without reading it ? Let me guess a uneducated black who cant afford the house anyways.
We as blacks, are known to live way beyond are means simply to impress others. Also we purchase things with out looking at all the different options. Think about it you make 30-40,000 a year and you buy a 90,000 house and a 20-30,000 car. We need to stop blaming the white man and live within our means. Stop tryin to keep up with the JONESSSS.
no donna an illiterate piece of white trash like you who only know’s trailer park and budweiser lifestyle.
Interesting!
There is a very interesting place *** MillMatch C o m It ’s where you have the opportunity dreaming about dating a millionaire and make it true!
[...] [...]
[...] news by hbarber « Democrats Reach Deal On Mortgage Relief Bill subprime mortgage lenders: [...]
I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.
Alanna
http://www.craigslistguide.info