Quote:
Originally Posted by MikeWaters
choose based on socioeconomic data, meaning hey, if the area has a lot of kids getting free lunch at school, no loans? Or if the data says that the zip code is only 5% white, no loans?
Is that what you are advocating? Do you think these banks exist in a vacuum, getting no benefit from the govt. and the fed?
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You can't help but bring race into this can you? To your first point, it would not be unreasonable to consider those who can't afford to feed their families higher risk. The 2nd point is completely irrelevant.
How about data that says foreclosures are 50% higher in the area. Or that 50% of homeowners are behind in their payments. Or that crime is astronomical so responsible people don't want to live there? All valid factors IMO.