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[narrator] Instead, African-Americans were
twice as likely as white Americans to get subprime loans, a loan that starts out cheap, and gets much more expensive. for borrowers with lower credit. But one in five black borrowers
with good credit still ended up with a subprime loan. I was a loan officer at Wells Fargo
in their subprime division
twice as likely as white Americans to get subprime loans, a loan that starts out cheap, and gets much more expensive. for borrowers with lower credit. But one in five black borrowers
with good credit still ended up with a subprime loan. I was a loan officer at Wells Fargo
in their subprime division
Full Transcript
00:00:01.000 --> 00:00:05.213
[narrator] Instead, African-Americans were
twice as likely as white Americans
00:00:05.338 --> 00:00:06.965
to get subprime loans,
00:00:07.048 --> 00:00:10.026
a loan that starts out cheap,
and gets much more expensive.
00:00:10.343 --> 00:00:12.999
for borrowers with lower credit.
00:00:12.428 --> 00:00:15.807
But one in five black borrowers
with good credit
00:00:15.089 --> 00:00:18.101
still ended up with a subprime loan.
00:00:18.184 --> 00:00:21.604
I was a loan officer at Wells Fargo
in their subprime division.
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Movie Summary
A documentary series that looks to explore the big questions of today.