Page 44 - Loan Application News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It's one thing to say i'm multiracial or i'm black or white. it's quite another thing to announce that as it were, on the check boxes that all those check box that everyone hates so much are there to track racism. when people play around with the check boxes, all they do is -- all they do is support racism in the united states. >> you refer to the check boxes, the census before 2000, you could only check one race. now you can choose as many as needed. >> that's right. that's right. and there's a difference between the census, which is there to count people, whereas the check boxes on a loan ap...

Application -- >> reporter: brian and suzanne were able to buy their house but not without jumping through some hoops. mortgage broker gail robin segal helped them navigate the rocky lending landscape. number one, have your credit in order. >> the banks look at a minimum of 620. the better your credit score, the better your interest rate. >> reporter: number two, have a steady income. >> steady employment and they also look at your employment in the future. are you in you t t rao. so a lot of the banks ca it >> reporter: number four, have a down payment up front and extra money in reserve. >> ...

Some-odd days to process a black loan application. it takes less than 30 days to process a white loan application. they went through hell. they went through living hell. we lost land. we lost our livelihoods, our way of life. >> the u.s. government still owes 70,000 farmers more than $1 billion in damages. congress missed a march deadline to pay up. and now an august deadline is looming. and boyd says president obama needs to break the logjam. >> i'll be calling on the president to step in, and take a look at this process. >> reporter: so what's the hold-up? let's start at the white house. >> ...

>> it take as almost 380 days to process a black loan application and less than 30 days to process is a white loan application. they went through hell. they went through a living hell. we lost our land. we lost our livelihoods. our way of life. >> reporter: the u.s. government still owes farmers more than $1 billion in damages. boyd says president obama needs to break the log jam. >> we called in on the president to step in, intervene, take a look at the process. >> reporter: what's the hold-up? let's start at the white house. >> you should check with members at capitol hill that quite honestl...

Farmers for money owed to them by the u.s. government. no one disputes the debt, but nobody will take full responsibility for the delay. we bring in our congressional correspondent brianna keilar looking into the story for all of us. there is a lot of finger pointing going on, brianna. >> reporter: it is going round and round and this has to do with a settlement for black farmers and it is systemic discrimination that went on for years and not that long ago, black farmers denied equal access to government loans, subsidies and other usda programs. for years, john boyd has divided his time betwe...