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Re: 500

Posted by Dave on Tue Jun 5 21:24:20 2018, in response to Re: 500, posted by https://salaamallah.com/ on Tue Jun 5 19:30:16 2018.

You can "thank" Obama for that; it has little to do with Trump. Obama's Home Affordable Modification Program, which gave mortgage service companies an incentive to modify loans, resulted in 21.4% of Blacks receiving subprime mortgages (compared with 6.2% of Whites and 19.3% of Hispanics). When the real state market crashed in 2010 - 2012, holders of subprime mortgages took it on the chin as their mortgages went underwater, and many lost their homes.

So as usual, you gassed off without knowledge of the facts. Par for the course with you.

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