[Steve_Seattle]

"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.

[crz]

Dont get any of your funds close to that place.

They are the worst I have ever seen.

[GOPJ]

“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 ...

[GOPJ]

“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.

[Moorings]

I am going to change my name to Jose and deem myself hispanic.

Para espanol oprima ocho.

[Uncle Miltie]

Racists.

[9YearLurker]

Redlining, 2022.

[Vendome]

[Jaded]

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

[bgill]

No, no, the wrong reset button.

[bert]

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.

[faucetman]

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”.

[Tallguy]

Is that even legal?

[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.

[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.