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The new politically correct shake down in the mortgage industry courtesy of the Obama Justice Dept...

...now before you laugh please consider that Wells Fargo just wrote a $185 million check to the Obama Justice department and SunTrust wrote one for $25 million in a settlement while "admitting no wrong doing."

What is "disparate impact?"

Example 1) Disparate impact is the new buzz word for what happens when you go to a mortgage broker or correspondent lender who brokers or sells their closed loans to the primary dealer- in this case Wells or Suntrust- and the broker or correspondent charges you a different set of fees and/or interest rate than every other correspondent or broker NATIONWIDE who sells to the primary dealer for a similar set of curcumstances.

By purchasing that loan Wells or Sunturst- acording to the Obama Justice Dept. and the Consumer Finance Protection Bureau (another clusterfuck bureaucracy courtesy of Dodd/Frank)- discriminated against the borrower who paid the higher rate/fees, regardless of every other market factor that might have influenced the difference in rate/fees.

Example 2) My correspondent lending company that I own wants to do a television ad touting our programs and services.If I choose to show "customers" whether real or actors I must show every conceivable race, gender, ethnicity, and age group so potential customers won't feel like they're excluded and we're marketing to only to select market segments.


This would be hilarious if it wasn't real and wasn't such a threat to ALL business- big and small- who are in the process from origination of mortgages to the sale of MBS at the primary dealer level.

God help us if this ass clown wins another term in November...

You keep using big words like disparate and you 'll NEVER get a donk to respond.

AZGrizFan wrote:You keep using big words like disparate and you 'll NEVER get a donk to respond.

Don't worry, as soon as a conk gets back in office, it'll be back to a deregulated free for all in the finance industry, and we'll be on track for another global economic meltdown.

Grizalltheway wrote:

AZGrizFan wrote:You keep using big words like disparate and you 'll NEVER get a donk to respond.

Don't worry, as soon as a conk gets back in office, it'll be back to a deregulated free for all in the finance industry, and we'll be on track for another global economic meltdown.

We ARE on track for a global meltdown. Have been for going on four years now.

AZGrizFan wrote:

Grizalltheway wrote:
Don't worry, as soon as a conk gets back in office, it'll be back to a deregulated free for all in the finance industry, and we'll be on track for another global economic meltdown.

We ARE on track for a global meltdown. Have been for going on four years now.

We're almost there...when Spain goes tits-up, the slide will be nearly unstoppable IMHO

http://latino.foxnews.com/latino/news/2 ... al-crisis/" onclick="window.open(this.href);return false;

Col Hogan wrote:

AZGrizFan wrote:
We ARE on track for a global meltdown. Have been for going on four years now.

We're almost there...when Spain goes tits-up, the slide will be nearly unstoppable IMHO

http://latino.foxnews.com/latino/news/2 ... al-crisis/" onclick="window.open(this.href);return false;

Never have Republicans been so concerned with European countries.........

mainejeff wrote:

Col Hogan wrote:
We're almost there...when Spain goes tits-up, the slide will be nearly unstoppable IMHO

http://latino.foxnews.com/latino/news/2 ... al-crisis/" onclick="window.open(this.href);return false;

Never have Republicans been so concerned with European countries.........

Just waiting for your wonderful France to start imploding: stagnant economy, Socialist Guvmint, Muslim thuggery, high debt levels, rancid cheese, and shitty wine.

Ivytalk wrote:

mainejeff wrote:
Never have Republicans been so concerned with European countries.........

Just waiting for your wonderful France to start imploding: stagnant economy, Socialist Guvmint, Muslim thuggery, high debt levels, rancid cheese, and shitty wine.

Not France! Vive la France! Mon Dieu.......

mainejeff wrote:

Ivytalk wrote: Just waiting for your wonderful France to start imploding: stagnant economy, Socialist Guvmint, Muslim thuggery, high debt levels, rancid cheese, and shitty wine.

Not France! Vive la France! Mon Dieu.......

Calm down, Monsieur Hollande!

blueballs wrote:What is "disparate impact?"

I have to take tests almost every quarter on disparate impact vs disparate treatment vs ECOA vs Fair Lending, etc...

liberals will finally be happy when Obama sits high above a throne while massive abortions take place in the streets as gay orgies take place at the same time, both genders. Not to mention massive Bible burnings.

psychoCAT wrote:liberals will finally be happy when Obama sits high above a throne while massive abortions take place in the streets as gay orgies take place at the same time, both genders. Not to mention massive Bible burnings.

Fuck yeah! We're working on getting fatties exterminated, too.

psychoCAT wrote:liberals will finally be happy when Obama sits high above a throne while massive abortions take place in the streets as gay orgies take place at the same time, both genders. Not to mention massive Bible burnings.

Liberals are thinking about other more important things........conservatives are the ones obsessed with the social and religious lives of individuals.

mainejeff wrote:

psychoCAT wrote:liberals will finally be happy when Obama sits high above a throne while massive abortions take place in the streets as gay orgies take place at the same time, both genders. Not to mention massive Bible burnings.

Liberals are thinking about other more important things........conservatives are the ones obsessed with the social and religious lives of individuals.

Liberals LOVE to turn the conversation to abortion. Takes people's minds off of the REAL issues facing the country that Obama doesn't have a CLUE how to solve.

AZGrizFan wrote:

mainejeff wrote:
Liberals are thinking about other more important things........conservatives are the ones obsessed with the social and religious lives of individuals.

Liberals LOVE to turn the conversation to abortion. Takes people's minds off of the REAL issues facing the country that Obama doesn't have a CLUE how to solve.

Well.........when Republicans threaten to do the stuff that they'd like to do..........it sorta affects the lives of women, gay people and minorities. Notice the specific sex, ethnicity and sexual orientation combination that is conspicuously absent?

AZGrizFan wrote:

mainejeff wrote:
Liberals are thinking about other more important things........conservatives are the ones obsessed with the social and religious lives of individuals.

Liberals LOVE to turn the conversation to abortion. Takes people's minds off of the REAL issues facing the country that Obama doesn't have a CLUE how to solve.

At least two of the major speakers at the convention felt it necessary to bring up the topic. Is is THAT hard for you to admit that your party, at least on a national level, is filled with self-serving jackasses, too?

mainejeff wrote:

AZGrizFan wrote:
Liberals LOVE to turn the conversation to abortion. Takes people's minds off of the REAL issues facing the country that Obama doesn't have a CLUE how to solve.

Well.........when Republicans threaten to do the stuff that they'd like to do..........it sorta affects the lives of women, gay people and minorities. Notice the specific sex, ethnicity and sexual orientation combination that is conspicuously absent?

The GOP is just more broadly focused. The RNC has at least brought us a little more substance than what we are going to see next week: a Georgetown coed telling us how government should stay out if her vagina.... oh... except when it comes to providing her with free jimmy hats. Then, we'll get treated to more reminders of the GOP war on women from the party that suggests that women are just not capable of surviving in this man's world without being shepherded by the government from cradle to grave.

Maybe I live in an echo chamber, but I am surrounded by strong conservative women who are insulted by this notion.

Grizalltheway wrote:

AZGrizFan wrote:
Liberals LOVE to turn the conversation to abortion. Takes people's minds off of the REAL issues facing the country that Obama doesn't have a CLUE how to solve.

At least two of the major speakers at the convention felt it necessary to bring up the topic. Is is THAT hard for you to admit that your party, at least on a national level, is filled with self-serving jackasses, too?

I'm voting for Gary Johnson, remember? That guy who thinks the government has no business--EITHER WAY--of being in our bedrooms, in womens wombs, in our churches, etc.,etc., etc.

psychoCAT wrote:liberals will finally be happy when Obama sits high above a throne while massive abortions take place in the streets as gay orgies take place at the same time, both genders. Not to mention massive Bible burnings.

throw the preachers on the fire...

AZGrizFan wrote:You keep using big words like disparate and you 'll NEVER get a donk to respond.

Says the brain sturgeon who voted for the architect of our current financial ruin, twice.

D1B wrote:

AZGrizFan wrote:You keep using big words like disparate and you 'll NEVER get a donk to respond.

Says the brain sturgeon who voted for the architect of our current financial ruin, twice.

What are you talking about? I've never voted for Obama...

"Hey, Z, check out the sizes of those oranges"
Responds with....
"fuck it, Obama sucks"V

D1B wrote:"Hey, Z, check out the sizes of those oranges"
Responds with....
"fuck it, Obama sucks"V

D1B, in the middle of nowhere. Suddenly, a cricket chirps.

D1B: "Shut the fvck up, you racist Bush lover, Obama is God!"

2 minutes later.

D1B: "And, by, 'God', I wasn't talking about your God-damned zombie leader of pedophiles such as yourself!"

3 minutes later.

D1B: "Hey, do you have a blunt?"

Cluck U wrote:

D1B wrote:"Hey, Z, check out the sizes of those oranges"
Responds with....
"fuck it, Obama sucks"V

D1B, in the middle of nowhere. Suddenly, a cricket chirps.

D1B: "Shut the fvck up, you racist Bush lover, Obama is God!"

2 minutes later.

D1B: "And, by, 'God', I wasn't talking about your God-damned zombie leader of pedophiles such as yourself!"

3 minutes later.

D1B: "Hey, do you have a blunt?"

D1B=multidimensional

Z=greed/power obsessed conk

Cluck U=sucks dicks for own personal pleasure