Banks acting as trustees for mortgage-bond investors have asked a San Francisco federal judge to block the program on grounds it is unconstitutional.
Responding to that lawsuit, the filing Monday by nonprofit legal and civil-rights groups said that if the mortgage industry imposes higher costs on Richmond borrowers, as has been threatened, it would violate fair-lending laws because the city is 40% Latino and 25% African American.
“Anti-discrimination statutes make it illegal to discriminate on the basis of race with respect to all aspects of housing, including mortgage lending,” the filing said.
“The industry’s plan violates this prohibition because it denies basic and critical lending rights to all residents of Richmond, who are disproportionately African American and Hispanic.”
So…any city with a lot of minorities automatically becomes, in toto, a victim of “racism” which must be redressed by the population of taxpayers as a whole?
Since people who actually pay taxes are probably a minority now, do you think we should qualify for some relief?
I know, I know. How racist of me.
I’m underwater on my mortgage too. But I’m still paying it. I don’t see what the problem is, or why the state needs to step in to “help.”
Of course, racism, like global warming, is responsible for everything.