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

[Coffee_drinker]

She could sue, but who has time and attorney fees, she works 7/24 basically.

I can’t help but think that she took the wrong “gig” when she produced the entertainment for a certain golf promotion a couple months ago, all of a sudden her account was frozen solid and still is. hmm coincidence?

[Tallguy]

Is that even legal?

[EEGator]

LIV?

[dirtymac]

Been there done that.

[minnesota_bound]

Could a white person apply then once rejected they sue and win enough money to buy a house outright.

[mewzilla]

Update. This is interesting...

Bank of America Goes Full-Bigot But NOT for the Reason Everyone’s Saying

[sit-rep]

great... that equates to even more litter strewn about our neighborhoods. spit...

[JimRed]

Whites can get the loans as long as they move into an acceptable community- a black/Hispanic one. They’ll add diversity.

[JimRed]

Well, interest rates suck right now and headed higher

It's all relative. The first mortgage rate sheet I saw in May of 1985 when I started work as an agent featured a 30 year fixed at 14.75% with three points at closing. Fives and sixes are low-moderate in comparison.

[Jimmy Valentine]

Here we go again.

[rxh4n1]

I read it as you don’t have to be those certain ethnic groups but must buy in those neighborhoods. Go yuppie gentrifiers, here’s a big chance.