Navy Federal caught discriminating against black mortgage applicants

[BaggerofTea]

Navy Federal Credit Union is an armed forces bank serving the Navy, Army, Marine Corps, Air Force, Space Force, Coast Guard, veterans, DoD & their families.

this is the sort of contempt they treat black military service members

 

[Traveler]

Which is crazy because if you look at that third slide in the OP it's the 6 certs brehs that's getting denied. Hell when this lawsuit comes out hope I can jump on the train.

I will for sure! They denied me when I bought my house. I have been with them since 08. Purchased 4 cars with them, 2 credit cards with a 50k limit. Never missed a payment or was late. 150k Income with over a 740 FICO. Still got a denial. Thought it was odd. Went to M&T bank and closed in less than a month no issues or questions. I was even using VA. Thought it was odd I was denied, but it makes sense now.

 

[omnifax]

I wonder how black people see this shyt and still say the problem with black people is that we don't apply ourselves and need to stop blaming the system and the white man

Exactly you get people like Boyce Watkins, or random black celebrities telling us all the time the problem is us not the system constantly creating obstacles to keep us from participating in the economy and denying full citizenship. We have decades of proof that ADOS people did all the right things but we have a government that has sanctioned this type of stuff against us. Politics is the only leverage we have at this point.

 

[Unemployed GM]

Hopefully I didn't miss anything, but it would help if they posted credit scores of the applicants. I know there are biases in those as well, but it is one of the primary metrics used.

But that 29% disparity is very telling. No excuse for that.

Denying VA loans breh? Something is up.

 

[Unemployed GM]

You gotta be a fool to take out a mortgage loan from that bank, idk why it's even recommended. Their rates for auto and mortgage loans is ass

You are right. I peeped them out when I had a credit card with them. They are shady

 

[levitate]

I have both

 

[Kornball The Conqueror]

Navy Federal Credit Union - WHAT HAPPENED?

Financial Advisor Jayson Thornton, CFP -- REACTS -- Navy Federal CU, the nation’s largest credit union rejected more than half its Black conventional mortgag...

www.youtube.com

 

[maxamusa]

thank you for your service

 

[Voice of Reason]

show white ppl this when they claim to not know what institutional racism is....

They are making excuses on twitter.

 

[OperationNumbNutts]

I wonder how black people see this shyt and still say the problem with black people is that we don't apply ourselves and need to stop blaming the system and the white man

Respectfully I think you are taking that side of the argument out of context. Whites do what's in their best interest. It's as simple as that. There are two sides of folks saying blacks don't apply ourselves. First side is white sympathizers who job is to make whites feels more comfortable about black issues. The second side are people who understand blacks reliance on whites while not creating infrastructure to address our issues or dependency. Infrastructure meaning like how most majors cities have Little Italy's or Chinatowns where those segments participate in group economics and eventually get government representation.

 

[Dzali OG]

So I agree with you but reality is reality. The reality is that you’re going to have to work 3 times harder than other groups in this country. It’s going to take extraordinary measures to change the raise the black economic situation. We can’t expect anything but extraordinary efforts on all fronts to accomplish this goal.

The reality is, our ancestors LOST the competition to determine which group will control the world, economy, etc.

As in any competition the loser (us) receive less and less favorable tangibles than the victors.

 

[Amo Husserl]

Wanting black people to overspend for less, then turn around and economically cripple their neighborhoods as a long-term investment in gentrification.

 

[Mowgli]

GotDAMN this is insane.


I’m sure some special program for African American members will suddenly be available in light of this revelation.

Yea the 50 percent interest rate per second program

 

[Ain't That Something]

I believe it. When I was buying my house this fukk boy under writer in Orlando dragged his feet to the point I almost said fukk it. Not only that he made me miss out on a lower property tax by closing in the new year 2 month later than expected.

 

[Wargames]

There should be black lawyers lining up for a class action.

We really fighting a battle to live with our arms tied behind our backs.

Sue in class action then sue them as a government actor under the 14th amendment for violating equal protection.