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Misleading headline

Posted: November 19, 2009 9:35 p.m.
Updated: November 20, 2009 4:55 a.m.
 
Who could miss the huge headline, “Loans tougher for SCV blacks” (Nov. 15)?

The thought that there is discrimination against black residents of the Santa Clarita Valley made me mad. But then I read the article.

What I found out was that Latinos were denied loans 33 percent of the time, which was a higher denial rate than black applicants. I found out annual median household income for the black households was more than $100,000, while the other city residents had $79,000 in median income.

Then looking back at the all the home loans I have filled out applications for, I remembered I left the race questions blank every single time. What color am I according to the lender?

Finally, as a Realtor who has sold homes to black firemen, black physicians and black salespeople, I realized I have never been asked by the lender to whom I refer them, “What color is your client?”

Typically they are in my office and talk to the lender on the telephone, providing basic income and credit info (Mike Meena/Augusta Financial) and get pre-qualified with their rate right then and there.

Over the last 20 years I have loved seeing the diversity that has happened in the SCV — why spoil this beautiful reality with misleading headlines?

Why not rewrite the article with the following headline: “SCV blacks lead the valley in annual income.”

Suffice to say — it is demeaning to think our successful, credit-worthy and intelligent black friends and neighbors are settling for high interest loans or loan rejections due to skin color.

The only color they are looking at in the SCV is the color of FICO.

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