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Bank of America announces zero down payment, zero closing cost mortgages for first-time homebuyers in Black and Hispanic communities nationwide
NBC ^ | 9/1/2022 | NBC

Posted on 09/01/2022 8:31:56 AM PDT by mikelets456

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To: mikelets456
"Applicants do not have to be Black or Hispanic to qualify for the product . . . "

That's probably how they intend to skirt anti-discrimination laws, but since they are focusing on black and Hispanic "communities" the intent of the plan is clearly to favor certain groups based on ethnicity.
101 posted on 09/01/2022 10:31:05 AM PDT by Steve_Seattle
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To: mikelets456

Dont get any of your funds close to that place.

They are the worst I have ever seen.


102 posted on 09/01/2022 10:32:20 AM PDT by crz
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To: alloysteel

Most of them are to effn lazy to keep up their houses.

Take a look at Deeeetroit for example.


103 posted on 09/01/2022 10:34:18 AM PDT by crz
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To: Trump Girl Kit Cat
I guess the hard working WHITE people WILL AGAIN be paying for the bailouts of these banks when they default on their loans!!

Well, of course.

Pressure corporations into practicing profit-losing woke policies. Bail them out when they inevitably fail. Rinse & repeat.

104 posted on 09/01/2022 10:35:27 AM PDT by Angelino97
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To: Gaffer

I remember a Sopranos episode about this very thing lol.


105 posted on 09/01/2022 10:37:46 AM PDT by MrRelevant
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To: Trump Girl Kit Cat
There are PLENTY of WOKE yuppies to take advantage of this and end up TURNING these neighborhoods white that is if they live long enough without being shot and killed!!

Well, sure.

Blacks hate it when racist whites won't buy homes in black communities, thus keeping property values low.

And blacks hate it when racist whites buy homes in black communities, gentrifying and raising property values so blacks can't afford to live there.

106 posted on 09/01/2022 10:37:57 AM PDT by Angelino97
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To: KarlInOhio
"and to promote gentrification"

Whether that's the intent or not, that might be what happens. Whites and Asians will see an opportunity and try to take advantage of it. Then the question becomes, if multiple parties seek the same property, how does the bank decide who gets the loan? THEN the racial bias will be hard to hide if better qualified whites and Asians are passed over for higher-risk blacks and Hispanics.
107 posted on 09/01/2022 10:38:35 AM PDT by Steve_Seattle
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To: mikelets456
“Homeownership strengthens our communities and can help individuals and families to build wealth over time,” AJ Barkley, head of neighborhood and community lending for Bank of America

I'm assuming what this means is there's a new Government program that will guarantee the loans so when a person NOT qualified for the loan they're receiving defaults, the 'bank' won't lose any money.

Of course the person who gets a loan they can't pay back will likely lose their home, suffer depression and a loss of confidence and have their credit destroyed - but somewhere a 'white liberal 'elite' can pat themselves on the back for being so WONDERFUL and somewhere a scummy banker will make a fortune and somewhere a housing bubble will form and collapse... and the idiot evil liberals will do it all over again... when people start to forget the pain caused to everyone ...

108 posted on 09/01/2022 10:39:57 AM PDT by GOPJ (Merrick's Garland's DOJ & FBI are being renamed "Lavrentiy Beria Society' in honor of Joseph Stalin.)
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To: mikelets456
“Homeownership strengthens our communities and can help individuals and families to build wealth over time,” AJ Barkley, head of neighborhood and community lending for Bank of America

I'm assuming what this means is there's a new Government program that will guarantee the loans so when a person NOT qualified for the loan they're receiving defaults, the 'bank' won't lose any money.

Of course the person who gets a loan they can't pay back will likely lose their home, suffer depression and a loss of confidence and have their credit destroyed - but somewhere a 'white liberal 'elite' can pat themselves on the back for being so WONDERFUL and somewhere a scummy banker will make a fortune and somewhere a housing bubble will form and collapse... and the idiot evil liberals will do it all over again... when people start to forget the pain caused to everyone ... OH, and NBC sucks.

109 posted on 09/01/2022 10:40:26 AM PDT by GOPJ (Merrick's Garland's DOJ & FBI are being renamed "Lavrentiy Beria Society' in honor of Joseph Stalin.)
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To: mikelets456
I am going to change my name to Jose and deem myself hispanic.

Para espanol oprima ocho.

110 posted on 09/01/2022 10:42:24 AM PDT by Moorings
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To: mikelets456

Racists.


111 posted on 09/01/2022 10:43:42 AM PDT by Uncle Miltie (Who was Ashli Babbitt?)
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To: Spok

post of the day. +1


112 posted on 09/01/2022 10:44:52 AM PDT by jimjohn (We're at war, people. Start acting like it.)
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To: mikelets456

Redlining, 2022.


113 posted on 09/01/2022 11:13:51 AM PDT by 9YearLurker
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To: mikelets456

114 posted on 09/01/2022 11:28:47 AM PDT by Vendome (I've Gotta Be Me https://youtu.be/wH-pk2vZG2M)
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115 posted on 09/01/2022 11:33:39 AM PDT by Vendome (I've Gotta Be Me https://youtu.be/wH-pk2vZG2M)
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To: mikelets456

Didn’t they do something similar in the 90’s? IIRC, it ended badly.


116 posted on 09/01/2022 11:44:41 AM PDT by Jaded (Pope Francis? Definitely NOT a fan... miss the last guy )
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To: mikelets456

No, no, the wrong reset button.


117 posted on 09/01/2022 11:48:36 AM PDT by bgill (Which came first, the vax or the virus?)
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To: mikelets456

The correct term for the pre election practice is Kissing Black Ass

There is panic and an apparent belief that the Black vote is in trouble. Absent the Black vote, the City States are lost. With the Black Vote, the City States rot from within.


118 posted on 09/01/2022 11:51:46 AM PDT by bert ( (KWE. NP. N.C. +12) Juneteenth is inequality day)
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To: Jaded
Didn’t they do something similar in the 90’s? IIRC, it ended badly.

Democrats did this as soon as they got control of Congress under Bush and crashed the economy. This then became the Bush Recession.

This time, if Republicans take over Congress, it is unlikely that a) they will do anything about this b) that they will get a bill past Biden to fix it, so the upcoming crash will be blamed on the Republican Congress.

119 posted on 09/01/2022 11:53:38 AM PDT by EvilOverlord (Socialism makes workers into slaves and couch potatoes into kings)
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To: mikelets456

The places they buy will be dumps and or crack houses in 6 months.

You can take the “blank” out of the “blank”, but you can’t take the “blank” out of the “blank”.


120 posted on 09/01/2022 12:59:32 PM PDT by faucetman (Just the facts, ma'am, Just the facts )
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