National: HCI, Consumer One Over-Charged Blacks, Latinos

January 9th, 2009

HCI, Consumer One over-charged Blacks, Latinos. Two mortgage companies have been found to charge borrowers of color about 50 percent more than White customers, a recent investigation shows. HCI Mortgage and Consumer One Mortgage billed Black and Latino loan applicants an average of about $2,500 more than White applicants, The Daily News reports. The investigation results indicate that the pattern was deliberate. HCI and Consumer One were both ordered to pay $665,000 in restitution to 445 borrowers of color, who were found to be victims of the loan-related discrimination. Racism in financing has long been believed to be among the most prevalent forms of institutional racism.

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Comments

REDNECK HUNTER Said on

BOYCOTT THESE MORTGAGE COMPANIES!! EVERY PERSON OF COLOR SPREAD THE WORD!! AND IF YOU ALLREADY HAVE A MORTGAGE WITH ONE OF THEM GET OUT OF IT IF YOU CAN!! SHUT THEM DOWN !! BRING YOUR MONEY SOME PLACE ELSE!!



Mrs. G Said on

an empty wagon always makes a lot of noise (david). this is true a boycott of these and any other company’s who discriminate against people of color they should be boycotted let them feel the pinch in their pocketbooks!



El Medico Said on

Everytime, I happen to check a blog, I see an idiotic, ignorant @ss comment from David. I’d like to meet David and B!T@H slap his @$$. You may ask? Why waste my time and energy dealing with this fool? Trust me, B!tch slapping David would not be a waste of time and definitely not energy!!!

Peace my beautiful Blacks and Latinos (David is JEALOUS because he wasn’t blessed with color…probably don’t have no BUTT either…LOL)

The Doctor….is out!



david Said on

I do have a butt!!I do have a butt!! el medical man!! it is fllat I know yourheard that when you have someone do you doggy style it gets pumped up!! I get it pumped everynight!!



maleeka Said on

These companies are better off without these black anyways , they never pay for anything anyways , always looking for handouts



maleeka Said on

These companies are better off without these black anyways , they never pay for anything anyways , always looking for handouts.



SurferDude Said on

maleeka is a white racist on here to start arguments. ignore her and she will go away. most like a white man using an AA sounding name. another stupid racist…the world is full of them.



fefe Said on

AA’s are not looking for handouts we work and wash our ass like the rest of you motherfu@@@rs



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