Almost Half of U.S. Families Can't Afford Basics Like Rent and Food


Super Anarchist
If that's the case the various government loan guarantors should establish a credit standard that they would use to guarantee an FHA, HUD, VA, USDA or other loans.  Since these are insured loans the bank risk would be mitigated and they could lend on other properties according to their own rules.  Whether that guarantee score should be made public is up to the guarantor and the borrow then.   The bank is out of the picture.
Yes, they probably should.



Super Anarchist
Lenders do not lend to black people if they want to buy a house in a white area because that could start a crash of property prices in the area.

The Racist Housing Policy That Made Your Neighborhood

One of the most heinous of these policies was introduced by the creation of the Federal Housing Administration in 1934, and lasted until 1968. Otherwise celebrated for making homeownership accessible to white people by guaranteeing their loans, the FHA explicitly refused to back loans to black people or even other people who lived near black people. As TNC puts it, "Redlining destroyed the possibility of investment wherever black people lived."

It still goes on.

"Black people with upper-middle-class incomes do not generally live in upper-middle-class neighborhoods. Sharkey’s research shows that black families making $100,000 typically live in the kinds of neighborhoods inhabited by white families making $30,000. “Blacks and whites inhabit such different neighborhoods,” Sharkey writes, “that it is not possible to compare the economic outcomes of black and white children.”

Even here in California, where sometimes we like to imagine maybe things were different."


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