National: Palin is Silent About Racist Obama Messages; Lender Must Pay For Preying on Blacks
December 18th, 2008

Palin is silent about racist Obama messages. Black leaders in Alaska want Gov. Sarah Palin to speak out against the rash of racist Barack Obama jokes circulating on the state email system. A spokesman for Gov. Palin, who as the vice-presidential candidate butted heads with Obama during the recent election, dismissed the emails as a bad deed by just a sliver of the thousands of state employees. “My understanding is that the Department of Administration is following up on this with the individuals who took action to forward the offensive e-mails,” he said. “This is, of course, a confidential personnel and disciplinary matter that has nothing to do with the governor’s office.” The disclosure of the emails was the result of a report by The Associated Press. One of the five e-mails obtained by AP asks about the outcome of the Democrat’s victory after all the time and money that was invested and concludes: “Another Black family living in government housing!” Administration Commissioner Annette Kreitzer described the episode as “embarrassing to the state.” She said that she alerted the governor’s office about the emails. Said the Rev. Alonzo Patterson, state chairman of the Alaska Black Leadership Conference, who wants Palin to repudiate the emails: “They’re doing that in a state setting. She should condemn it.”
Lender must pay for preying on Blacks. Gateway Funding Diversified Mortgage Services has agreed to pay up after acknowledging that it charged Blacks and Hispanics unjustifiably higher rates than White consumers for mortgage loans. The higher prices cannot be explained by the applicants’ credit characteristics or underwriting risk, according to the complaint filed by the U.S. Federal Trade Commission. Gateway Funding Diversified Mortgage Services, L.P ., and its general partner, Gateway Funding Inc ., based in Horsham, Pa., violated the Equal Credit Opportunity Act (ECOA) in pricing both prime and sub-prime mortgage loans. Gateway allowed the loan officers to charge the consumers as they pleased, in addition to the risk-based price “overages” that included higher interest rates and higher up-front charges. Gateway paid loan officers a percentage of these overages and failed to monitor whether African-American and Hispanic consumers were paying higher overages than non-Hispanic White borrowers, the commission charged. It claimed that African Americans and Hispanics were being charged higher prices because of their race or ethnicity – price disparities that are “substantial, statistically significant, and cannot be explained by factors related to underwriting risk or credit characteristics of the applicants.” Said FTC Chairman William E. Kovacic: “Unlawful discrimination in the pricing of mortgages is intolerable. Discretionary pricing policies must be crafted and monitored carefully so that all applicants are treated fairly.”
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