Nothing...as long as you are willing to accept more defaults. Contrary to what we are told, “culture” does make a difference. Other things being equal, blacks default on mortgages more often than Asians or whites. The studies showing this were completely ignored when Carter’s CRA was put in place. There would be no issue if banks could make their own lending decisions locally so that they can take into account personal knowledge gained through banking relationships. But they can’t. They are now forced to make quota loans, which is how we got the mortgage fiasco.
They do, but their credit histories will reflect this. I should add "and have sufficiently good credit" to that.