Current Events > I don't trust Bank of America at all, so I am leery of whatever they are trying.

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BlingBling22947
08/31/22 8:05:16 PM
#1:


80/80

https://www.bloomberg.com/news/articles/2022-08-30/bofa-tests-no-down-payment-mortgages-for-minority-communities

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Robot2600
08/31/22 8:08:07 PM
#2:


house market crash 2034 here we goooo

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BlingBling22947
09/02/22 10:15:54 AM
#3:


read this earlier

no down payment
no closing costs loans

only to black & Latino

only in SELECT* neighbourhoods

Myself and some partners had a conference call about this this morning.

Not lawyers but seems super illegal-seems sus.

like
Well cut this crazy deal to minorities ONLY if they live in certain places

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NeonOctopus
09/02/22 10:17:05 AM
#4:


Didnt the no down payment thing also happen 20 years ago? How did that work out? >_>

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famfam
09/02/22 10:17:53 AM
#5:


BlingBling22947 posted...
read this earlier

no down payment
no closing costs loans

only to black & Latino

only in SELECT* neighbourhoods

Myself and some partners had a conference call about this this morning.

Not lawyers but seems super illegal-seems sus.

like
Well cut this crazy deal to minorities ONLY if they live in certain places

its not only black/latino though
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Smashingpmkns
09/02/22 10:21:44 AM
#6:


Latinos have a history of not trusting banks and this isn't gonna change our minds lol

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Mearcstapa
09/02/22 10:24:30 AM
#7:


BlingBling22947 posted...
read this earlier

no down payment
no closing costs loans

only to black & Latino

only in SELECT* neighbourhoods

Myself and some partners had a conference call about this this morning.

Not lawyers but seems super illegal-seems sus.

like
Well cut this crazy deal to minorities ONLY if they live in certain places

Seems like it's technically not a race-based program, as that definitely would be illegal.

They just offer it in certain geographic areas that happen to be minority-majority.

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nothing came
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Hop103
09/02/22 10:34:13 AM
#8:


Dear god, we don't need another 2008 also it's semi-racist (legal-wise, it's technically racist if you don't consider the law though) to boot.

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josifrees
09/02/22 10:35:32 AM
#9:


Dont trust any banks


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BlingBling22947
09/04/22 6:55:29 AM
#10:


famfam posted...
its not only black/latino though

I think I misunderstood the headline when I read it the other day. Hey if it helps people get a house Im all for it!

I have distrust of the banking institution and Im worried they have a deeper play. Only making it available in select neighborhoods seems fishy.https://gamefaqs.gamespot.com/a/user_image/2/4/3/AACH0nAADoub.jpg

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Never on schedule but always on time
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#11
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BlingBling22947
09/06/22 6:20:04 AM
#12:


NeonOctopus posted...
Didnt the no down payment thing also happen 20 years ago? How did that work out? >_>

Didnt they do this before and crash the economy?

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When was the last time you heard your boy Nas rhyme?
Never on schedule but always on time
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