I see you caught the lie in the article as well. Lending institutions had a gun put to their head by the feds telling them to either make x number of loans to unqualifed applicants or unpleasant things would happen. The scribbler didn't mention that in his article.
“The scribbler didn’t mention that in his article.”
Is is never mentioned in coverage of this problem; the banks for the most part knew who was creditworthy & who wasn’t, but didn’t have the requisite melanin profiles, so they were forced to make bad loans (with the burden borne by those customers who pay their bills).