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Seattle officials join push for Sharia-compliant mortgages, loans

#3

Quote:I don't know why you "loathe" FOX News, but that's an entirely different topic.

 

I personally think that it's a bad idea.  If it's what I think it is, it would be government forcing lenders to offer this product.  The problem is, traditional mortgages are often done in terms of 15 or 30 years.  What were the interest rates 15 years ago and 30 years ago?  What are they today?  There is no way to determine what the "value" of a loan will be over the course of that much time to a lender.

 

Also, mortgage lenders are private business.  The are free to choose who they will loan money to, how much interest they will charge and the terms that they agree to.  They should not be forced to change the way that they do business in order to accommodate someone simply for their religious belief.
I loathe all mainstream media. Sadly it's all there is so I have to deal with it if I want to see news. 

 

And I agree with the bolded area. Sadly it may come down to the same issues private businesses have who don't want to cater to gay folks because of their religious beliefs. You can't discriminate against anyone regardless of their gender, race, religious beliefs, sexual preference, etc. 

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Seattle officials join push for Sharia-compliant mortgages, loans - by americus 2.0 - 07-23-2015, 05:53 PM



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