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Sep18
Mortgage Law Under fire - Matter of Opinion
I was reading over this story in the Chicago Tribune where it talks about this law that required financial counseling for certain individuals before purchasing a home. When I continued reading it said it was initially set up to stop predatory lending. I can agree with that step. However, there are consumers in the community that beileves it is discriminating against certain races. I would disagree if that it what it is doing. However, if the people have low income and substandard credit, I would rather see them clean up their credit before purchasing a house. My opinion is based on their financials not their race. Credit does not discriminate based on race especially if your score is in four hundreds or five hundred. That is just an example. Take your time before you purchase a home.

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