enthalpy

enthalpy

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The truth shall set you free, but first it's going to piss you off

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Thursday, September 04, 2008

Posted 9/04/2008 04:49:00 PM by Douglas

News flash: It's not always because you're black and pointing it out all the time makes you look like an idiot.

In a lawsuit she filed against her lenders in federal court last week, she alleges she was targeted for a loan with onerous terms because she's black. Her suit mirrors one filed by the attorney general of Massachusetts and another by the city of Baltimore.

Instead of the loan she was promised, the mortgage was for more than $175,000 on a home valued at about $156,000. Included was more than 10 percent, or $17,654, in points and fees and a $103,000 balloon payment due in 30 years.

I can't imagine anyone thinking this is a racial issue. A loan office would wet his pants if he got anyone dumb enough to sign a loan like this, regardless of color.

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