You’re still missing the first link in the chain.
The banks were forced by the government to remove previous lending standards in assets, income, down payment and credit history. Because those standards had a ‘disparate impact’ on minority groups, it was deemed discriminatory to enforce them—even equally. Luckily for a time, you had Fannie and Freddie also forced to come in and guarantee such assets moving through the pipeline. This made it profitable for all involved—for a time.
Yes, that’s true.
There is even a further, more basic link. The Federal government getting involved in acts that I feel are unconstitutional.
Not that that matters anymore.