I thought (from something on the radio) that these were Countrywide loans. I think BofA was strong-armed by the gov't into taking over Countrywide as it was into buying Merrill Lynch -- and is again getting screwed by the gov't.
I manage a new car dealership, and we do a lot of indirect loans with banks, which is what Countrywide did with morgages for the most part. There is not a place on the application for race/color. Banks don’t care what color you are if you pay the bills, this was another case of Holder/Obama theft.