Kept Out: Banks Across U.S. Caught Systematically Rejecting People of Color for Home Loans

[@solidorsharp3091]

This is why investigative journalism matters. Thank you for sharing your stories. We need capital reform and accountability on banks and our financial institutions nationwide. Keep fighting for real change.

[@nelsonmaneco9090]

Redlining was impose as form of segregation. But most importantly to prevent black people from owning properties and generate capital. Thus, bkack people remains poorer in comparison to whites. Its fair to say that American racism is alive and well.

[@louislark9983]

And racism CONTINUES!

[@lordsweep]

Idiot

[@jgordon9625]

Why don't you get a job? Oh. You have one. Why don't you get off welfare, and work? Oh, you did that. Why don't you get some stability, get a house? Oh. We won't let you. Why don't you get an education? Oh. You borrowed from the bank to fund your education. Well, if you took out a loan, we can't help you. You've done this to yourself.

[@elaineburnett5230]

The circle of racism continues.

[@b6schilke996]

This situation certainly will not be getting any better during the orange turd's administration.

[@lifestraight]

B6 schilke Definitely not

[@yeshuwan-chupcowakenbear1626]

Dont blame #45, you've had 8 years of eloquent speeches and executive orders signed for bailouts.

[@sk8queen]

Shocking? New? Yeah right.

[@sn5677]

Hi friend,i have a bad credit as well,i finally got my Loan from Andrew $ Associate.i received $7800 Loan from them within 48 Hours.try it and see. [e-mail] share for others.

[@stephdrake2521]

This intelligent lady had to go through so much for something she deserved. This doesn't shock me if you know your history. The area that she wanted to live was mostly white or gentrified. This is the reason why they gave her a hard time. So many people would have just walked and move to a black area. I don't know why black folks want to be around white People. Make your communities better and pull together .... I'm not saying this was the reason because I'm not 100% sure ... but I know I drive by a lot of white areas and their houses are nicer and mostly no blacks live there .. and it's because of what this lovely lady went through. They created racism and they are too sorry to get rid of it . People rebuild and make your local political leaders do they right thing. This whole system in America is poison and foul.

[@louislark9983]

Stephanie Drake Amen Sista! Whites for the most part have shown through their behaviors that they do not want to reside with African-Americans. I am a Philadelphian who previously resided in University City adjacent to University of Penn. It was a very nice community, but the residents were very racist and prejudice. Integration was the worst thing that happened in America. This redlining malarkey has been going on for decades. The new code word is gentrification. To your point Sista Drake, as Blacks we need to fix up our communities and be happy. I currently reside in a Black nice neighborhood and very content.

[@zakariel8987]

kzbin.info/www/bejne/r6W1pnVumrp7fqc

[@clarkkent8428]

There is no white Latinos nor brown or dark latino. There is just latino, period. Describing White latinos, dark Latinos based on skin color is purely discrimination.

[@njosborne6152]

The cities are just as complicit. Housing departments and police are notorious for these policies and routinely roust those that dare cross those RED LINES. It’s not just the Banks!

[@pallmallred13]

Nothing New!

[@zacharypayne4080]

Yeah, credit didn't have anything to do with it?

[@armoniqfields8016]

I use to work for an Old white man back in the late 80's. He showed me how to buy homes and land by paying back taxes before it became popular. I still have 4 rental properties to this day. No banks required.

[@jrjones437]

It’s not Latinos it’s just blacks tell the truth

[@preciouswheeler4612]

“A shocking new investigation”... who is shocked?

[@greatsol2444]

White liberals (moderates) and their ceaseless gaslighting.

[@beautifulwoman5126]

This is why as a black women I don’t work twice as hard to accomplish anything. I try my best for myself and my mental health. It’s not worth losing yourself. Diversity is our advantage.

[@DallasTaylor]

I believe all this is true but it's also true that a single white guy who has worked his ass off building houses and being treated like a slave growing up on construction sites gets denied the exact same way if I don't bring my wife along. Her name is first on the mortgage. I would be homeless building and repairing everyone else's homes. It sounds logistically neutral to me but systemic racism impacts poc more. White people deal with the opposite scale, where anything negative is either to or from millions more. It's like unemployment, more poc are impacted but when the larger group is unemployed too it's going to hit the entire economy harder. It's like a heavy hammer on both populations. Our system suuuuucks!!

[@runtochrist1975]

Sickening and repulsive.

[@missdesireindependance5194]

This is a problem for those who want to live in the city. Yes redlining exist but if they deny you a home loan. There are other options. There is peer to peer lending, personal loans, 0% intreast balance transfers and a line of credit etc. There are mobile homes, townhomes, tiny houses, condo that are affordable ways you can own a home but you may have to love outside the city. I was able to buy a nice home with land using balance transfer credit card option and now I’m a home owner.

[@kyeprice1301]

Bad credit and spending habits get you rejected for a home loan. Threating lending institutions to give loans to people based on their color is one of the main catalyst that caused the 2008 financial crisis.

[@johnallenbailey1103]

You didn't listen to the video.

[@johnallenbailey1103]

Furthermore, the 2008 financial crisis was caused but ballooning mortgages that they gave to Black people to take their money and eventually make them lose their homes. You people aren't better at managing your money than anyone else, you're just a racist.

[@lordsweep]

Absolutely

[@Doggin27]

Lol They can offer options but why would they give them subprime ARMs knowing good and well what the result would be.

[@hughjanus2781]

No give loans to those that meet the requirements

[@foxfan969]

We have been trying to refinance for over 10 years. Safe, appreciating value white neighborhood, 750+ credit score, low debt to income ratio, 150K+ income. Denied. Denied. Denied.

[@wenezz]

really? wow

[@rhondamcknight2596]

This happened to me. I switched my mortgage loan to a credit union. Never looked back.

[@胖卡比-j6k]

People are denying stereotype is true. There are many home hunters in black neighborhood trying to scoop up cheap house since people aren't able to pay loans or property tax. These home hunters get the house and start renting or selling back to the black community.

[@rodniegsm1575]

What about the fa 't that when black people try to sell thete house its being sold cheaper than doe's of white people?? Even do there house is worth more.

[@zee6129]

I was denied a refinance by Avantage Financial Credit Union where I have account for over 20 years where my income is deposited every month and I'm a Veteran. I was able to get VA refinance with another mortgage company.

[@rhondamcknight2596]

That's when you look the bank in the face and say you are reporting them to the Secretary of State, National Banking Authority and NRA.

[@biancalord488]

It takes up to two years for them to even decide to investigate. It’s a ridiculously structured all around

[@moviedude22]

Amy cuts off her guests like a champ!!

[@islandnites]

This must end _!!!_ Looking fwd to the day when people simply "do the right thing" always :-)

[@greatsol2444]

That won't ever happen without PUNISHMENT to those who deliberately do the "wrong thing".

[@Xavier-uknonada]

Still happening! Just saying. It's 4 years later and it is probably even more severe now

[@americanskeptic1559]

Happened to me and my lady... we can pay 1500 per month to rent a house but they won't sell us one 720 and 754 credit score. Guess this is just how it has to be

[@prideofegypt388]

Randolph Privott they just don't look at credit score it's your job and how much you get paid

[@americanskeptic1559]

@@prideofegypt388 duh... if I make enough to pay 1500 per month rent and have 2 make atleast 3 times that per month to rent from the owner... I'm pretty sure I can afford a mortgage. The point is to keep people renters so their families can't build wealth

[@catherinebranson1469]

That poor woman. She does not deserve this

[@elbrito23]

Business as USUAL

[@jamesstreet228]

The reasons for approval/denying loans is based on 3 variables 1 debt to income ratio. They have to know you make enough money to make the payments. 2 Loan to value. IOW no bank is going to loan $100,000 for a house that only appraises for $55,000 3 Credit score. This is an evaluation of your history of making payments and making them on time Of course none of that applies here because it's all RAY SIZ SUM. Not that it never happens, it's just not as often as they'd like you to believe.

[@fairbusiness8991]

Nothing has changed

[@hisbeautifultruth5931]

So....a black PhD doesn't qualify for a loan. No racism here.

[@deannadelmar4485]

Hisbeautiful Truth This is so disgusting.

[@joec-xd9qu]

need more info to make judgement on her, what is her credit score and income ?

[@hisbeautifultruth5931]

joe1580 c -- It wouldn't be a story of she didn't qualify and its made clear that she is. I'm sure her income is better than her unemployed girlfriend with little income and a credit score in the 700s, who was able to secure the loan. More likely to be denied "even if they have the same financial characteristics as a non Hispanic white applicant ". Its right in the story. And redlining was in play waaay before credit scores were instituted.

[@joec-xd9qu]

i admit the part of her partner is odd, but she did reveal that just in 2016 she was freelancing and her mother was helping her out, what is her credit score ? did she have a down payment, i just need more info on this story.

[@joec-xd9qu]

she cold have 5 phD doesn't matter, its more about income, fico score, debt to income, how long on the job in the same industry ! just look at DJT HIGH DEBT, LOW INCOME and history of not repaying back loans, that is why i said i need more info... also i would not doubt if you wanted to move low income residents out and HIGH INCOME PEOPLE in you could make fico scores very high too change neighborhood.

[@andrewquintero4837]

I choose to rent rather than own a home. I don't pay property taxes, I pay my own utilities, and have a good relationship with my landlord which is the key to renting. At the beginning of each year, I pay my rent in full for the year and receive a receipt for the full amount paid.

[@jeananthony8541]

What does this comment have to do with redlining? How many people do you know who are able to pay rent yearly?

[@halimacandy]

Awesomeness Awesomely thanks

[@andrewmartinez8340]

The dataset does NOT account for financial circumstances or credit score. You can't come up with the conclusion that there is discrimination based on race.

[@kims3797]

Im black and I bought a house in 2017 in Texas. Its doable if you are willing to relocate and live below your means for a while.😑

[@Evemee]

Kim S you shouldn't have to relocate. They shouldn't be able to do this to people.

[@MrMoo-kj2in]

Color me surprised -_-

[@lleo418]

That's a huge untapped market I'd start my own bank if was a African, Arab Muslim bank. Hehe

[@pangmeister]

So, isn't this an opportunity for black owned lenders? That's how I see it.

[@Evemee]

Black owned lenders redline too. It's ridiculous.

[@ricladouceur6202]

No systemic racism. Right.

[@CHICHI816]

It’s the only reason they own all the properties

[@brandycoke713]

This happen when we try to purchase a car if black people get approved for a car it's a used car with engine problems

[@diamondkids2996]

And 2022.

[@drrd4127]

Several questions here?! What is their credit ratings! Repayment habits? How much savings do they have in the bank? Do they pay back their credit cards? Do they have a credit card? Have they had a lone before? Do they have dependants? A stable job? Like, seriously there are so many variables in getting a easy loan and skin colour isn't one of them!!! Banks just want to know they are getting back their money, that's all, they rate you based on risk factors and thanks based on your spending habits not your skin colour.

[@kmuniqco]

We have the same thing going on down here in South Africa. 😕😕😕😕

[@TheUltimateNatural]

How so? You need to report this.

[@richk320]

I can only imagine!Blessings family.

[@bababooeymonkey6549]

Weird because whites are the minority in south Africa.

[@stephaniebailey4236]

That might be a good thing. Black people need to get out of, and stay out of debt. Without black participation in debt the system won't last anyway.

[@lordsweep]

Blacks can't pay for most of their debts but some how they should be able to get loans

[@Evemee]

Yes they do this a lot in Norfolk, Va. I had a 620 and I was still denied. They are racist. They chose who they want to loan money to this has to stop.

[@shimmeringmoons]

Same thing was said when Obama first got into office,..

[@moniquepought701]

Bitch all you white people hated him so fuck off!

[@omart36]

@@moniquepought701 lol nigga

[@supermodelatlanta1354]

just like the beauty supply epidemic. not koren, no wholesale sale.

[@bongofury5924]

Could a shitty history of repaying loans have anything to do with it?

[@bigt704]

This is some bullshit we need seperation NOW!!!

[@callumfrank]

Appreciate you a lot synod 👆👆👆 I get all my loans quickly from them and I’m so glad and comfortable with their interest rates.

[@mickmick768]

Is there any healthy opposition in this segment???

[@blackinews5702]

Her girl friend made $100+ weekly and late on many of her bills and she's japanese but was approved... Smh pathetic.

[@mmsibi]

Just another day in America

[@richk320]

This blueprint has been in effect for a long,long time.Redlining

[@marthacmd]

why is this shocking???

[@momoblue1691]

My banks can qualify loans for non-residents with no credit history

[@ninja5411]

Trash work.

[@filipb7059]

You can have a high pay and simultaneously have a low credit score just like you can have a low pay with a high credit score. The credit score looks at an individual's ability to pay back money that they borrowed, not ethnicity. People in these comment section seem to really like the victim mentality. This is just bad news reporting... Quite pathetic. She admits in pbs interviews tht she had bad credit where as her Asian friend had amazing credit (even with less income). Banks had legitimate concerns... She is just playing the victim card. Sad honestly.

[@BLink2fu]

Please WAKE UP this happens to millions of black people with great credit, steady income, and a hearty down payment

[@filipb7059]

​@@BLink2fu too bad they do not come to support this. Looks like you're running out of evidence. This video proved one thing, this person has bad credit and her friend has good credit and a stable / stable job. She used her friend as collateral. If you've screwed up your credit rating in the past, you still fucked today and in the future. Loans aren't just about credit score they look at things like job stability and income. Your ignorance of the subject is what makes you angry with these idiots who cry victim and play the race card. it's pitiful and a fucking shame. If they believe they have been treated unfairly, perhaps they can file a legal action. but unfortunately they were treated like anyone else and would lose. stay educated and healthy dont fall pray to the divide and hate.

[@trichellevargas2908]

@@filipb7059 her credit and job was way better than her partner

[@filipb7059]

@@trichellevargas2908 the one who couldnt get a loan had bad credit from her student loan debt. she asked her friend to collateral her loan, which her friend had enough income/credit to help collateral. 0 racism, 100% victim mentality.

[@trichellevargas2908]

@@filipb7059 what I thought it was the boyfriend who co-signed with get finally. Her mom couldn't.

[@Afrocow]

I work in the financial advising sector along with loan originators, and I do not see the racism people claim. Maybe someone can chime in. Loans for whites, Asians, Latinos, and blacks all get denied and approved. It really does depend on total leverage ratio, student loans, lines of credit, income etc. I am half white half Asian and I never had any issue with home buying even though I have minority blood in me. Typically large banks are highly conservative in nature. From the mortgage origination perspective, 20% down is what they look for and prefer. Regional banks and credit unions are way more willing to take more risk like FHA 5% down due to their lack of global trading, investment banking, commercial banking, wealth management, private bank revenues etc. Basically, large national banks can afford not to lend to more “risky” clients because of other streams of income through their various subsidiaries.

[@zachberry4742]

Minority blood? You’re half white and half asian. Who is discriminating against Asians? You gave HALF minority blood if anyone can even tell you’re half to begin with.

[@moviedude22]

How did they know the race of the 1/2 white friend?

[@socaltop10]

moviedude22 it's all bullssssshlt. Every applicant can get denied for some loan that is out of reach. If ur brown just complain it's because ur brown.

[@fightfannerd2078]

nonsense

[@goodshepherd467]

Lady when people don't respect you one must make them by any means nessary our ansestors were work to death for nothing for these racist and Devils 👿youb people are two easy you must use 🇺🇲🇺🇲👿✝️tuff Love where needed ok 👸🏾📨🇺🇲📬

[@antoniohigh3521]

Bank of America Navy Federal Apple Bank racist Banks

[@wayday5602]

That's all over the USA

[@joyceheadlam1909]

Dream for some, nightmares for others

[@boricuaislife5511]

Nothing to see here....old crap...

[@paveldalesssandro6920]

Holy cow lady go to the salon

[@stepministriesinternationa5933]

Go to the salon and do what? Get a weave. You are brain washed. If you are observant, you will notice that most educated Black women wear their hair natural. They do not buy into white supremacy ideology which teaches us to self hate and to try to look as white as we can. Go educate yourself.

[@djamilazaza6742]

I need to investigate if you are telling the truth...

[@sidharthchand8072]

well blacks and Latinos are in general bad with money. But then again I know a few Indians that are terrible with money as well

[@Jay-pf2cn]

The black chick had bad credit, and her friend had good credit. There was no discrimination here.

[@noneofyourbusiness5803]

Blacks have lower saving rates, higher default rates and higher late payment rates. Why the hell do you expect to get the same prices when your business comes with a higher risk?

[@goodshepherd467]

Sue the government and the👿👺🤘🤘👉 department in those states for allowing this to go on,get friends📩📨 and flood these agencies with📬tons of farmal.letters of complaints the will read them 🇺🇲🇺🇲I know Aman