Banks have much higher capital levels and much less appetite for stupid loans than last time.
Banks don't hold on to loans, they sell them. Downstream people bundle them into mortgage based securities that can be bought by other investors. Lets hope everyone is doing their homework better this time.
If they can’t statistically identify and filter out bad loans (whether for minorities or not), the mortgage industry could slip back into bad times very quickly.
These guys are talking about getting loans to massive numbers of bad risks, which could ruin overall mortgage portfolios quite quickly.