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35

Bank of America announces zero down payment, zero closing cost mortgages for Black and Hispanic first-time homebuyers

submitted by NationalSocialism to WakeUpWhitePeople 2.7 yearsSep 1, 2022 04:44:15 ago (+35/-0)     (archive.ph)

https://archive.ph/7GhQ8

Bank of America said it is now offering first-time homebuyers in a select group of cities zero down payment, zero closing cost mortgages to help grow homeownership among Black and Hispanic/Latino communities.

The option will first become available in certain neighborhoods in Charlotte, Dallas, Detroit, Los Angeles and Miami. The new mortgage, called the Community Affordable Loan Solution, aims to help eligible individuals and families obtain an affordable loan to purchase a home, the bank said.

“Homeownership strengthens our communities and can help individuals and families to build wealth over time,” AJ Barkley, head of neighborhood and community lending for Bank of America, said in a release. “Our Community Affordable Loan Solution will help make the dream of sustained homeownership attainable for more Black and Hispanic families, and it is part of our broader commitment to the communities that we serve.”


53 comments block

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[ - ] TrannyHunter 0 points 2.6 yearsSep 22, 2022 00:40:44 ago (+0/-0)

2008

[ - ] Name 14 points 2.7 yearsSep 1, 2022 05:05:03 ago (+14/-0)

Discriminatory lending in the United States is clearly illegal as the article states (unless you’re Habitat for Humanity). How will they stop white people from applying for these programs and getting these loans based on their excellent rent payment history?

[ - ] Boardallday3 3 points 2.7 yearsSep 1, 2022 12:22:39 ago (+3/-0)

Jews will find a way. It's up to the bank at the end of the day. Good luck suing their massive banking legal team. And even if you could afford to try and win a settlement, jews don't care. It's worth a few million to DESTROY white suburbia.

[ - ] deleted 2 points 2.7 yearsSep 1, 2022 08:26:32 ago (+2/-0)

deleted

[ - ] Bigdeal 1 point 2.7 yearsSep 1, 2022 14:09:00 ago (+1/-0)

How will they stop these loans from defaults? This money must be written off already.

[ - ] Name 0 points 2.7 yearsSep 1, 2022 20:20:38 ago (+0/-0)

The transfer of tax wealth from the federal government to the banking establishment when all of those student loans were covered was not enough. They’re gonna have to find another bail out…

[ - ] Zancon 10 points 2.7 yearsSep 1, 2022 07:25:57 ago (+10/-0)

This is a tax on white men to pay for these homes. They will default on the loans, enough of them over time will lead to Bank of America needing a bailout. The government will give it to them and yet again white men are paying for it.

[ - ] dalai_llama 5 points 2.7 yearsSep 1, 2022 05:21:45 ago (+5/-0)

Well the house will be foreclosed on and the mortgage will be defaulted on.

This is going to be hilarious.

[ - ] fnbs 3 points 2.7 yearsSep 1, 2022 13:04:16 ago (+3/-0)

Yup, and guess who will end up with the bill.... the taxpaying whiteman

[ - ] dalai_llama 2 points 2.7 yearsSep 1, 2022 17:04:46 ago (+2/-0)

Ya. You're right about that. It's almost like lenders had a meeting and said to themselves:

A: "How can we repeat the sub-prime mortgage lending event and get bailed out a second time without public backlash?"

B: "Niggers"

A: "Um . . . what?"

B: "Give the loans to niggers. And when they default we can blame racism for making niggers unable to pay. White people have to step up and cover the tab because racism."

A: "You are a fucking genius Goldstein. I'm glad our cousin married you."

[ - ] winners_history 0 points 2.7 yearsSep 1, 2022 15:03:21 ago (+0/-0)

...and a new generation of idiots will lose their asses trading "Mortgage-backed securities".

[ - ] ruck_feddit 4 points 2.7 yearsSep 1, 2022 10:32:39 ago (+4/-0)

Oooo, I've seen this movie before! It ends just like you're thinking it will.

[ - ] lord_nougat 1 point 2.7 yearsSep 1, 2022 13:29:24 ago (+1/-0)

I liked the car chase part, but the gay sex scene seemed gratuitous and unnecessary.

[ - ] Anus_Expander 4 points 2.7 yearsSep 1, 2022 07:44:19 ago (+4/-0)

They didn't learn from 2008, I guess

[ - ] TheYiddler 5 points 2.7 yearsSep 1, 2022 10:03:57 ago (+5/-0)

They were bailed out. No reason to change their behavior.

[ - ] Name 1 point 2.7 yearsSep 1, 2022 20:21:35 ago (+1/-0)

The BailOut is a Feature, Not a Bug.

[ - ] Doglegwarrior 3 points 2.7 yearsSep 1, 2022 09:40:54 ago (+3/-0)

Why in the fucking world in California would Hispanic be considered a minority? Whites are 36% of the fucking population! Why didn't they offer it to jews and Japanese even smaller minority

They are basically saying these two groups are so fucking pathetic they need help

[ - ] WanderingToast 3 points 2.7 yearsSep 1, 2022 07:58:35 ago (+3/-0)

This is a good business move.

By dropping the deposit requirements in poor areas where people are renting and living hand to mouth,

The area will benefit (because a mortgage is cheaper than rent) and people will begin to give a shit about their immediate area.

Up go the house prices - up go the interest payments on future mortgages..
Up goes the profit.

Having to put a deposit down for a mortgage in a banking system that runs at a 1/12 fractional reserve lending ratio is seriously one of the highest order of bullshit

[ - ] Version6 6 points 2.7 yearsSep 1, 2022 08:49:22 ago (+6/-0)

Remember sub prime mortgages? That was another easy way to get into a house. Did those neighborhoods improve or get worse since then? Did those people keep those houses or lose them in 2008? Did the banks have to get bailed out by us for bad business choices or did they stay afloat and prosper because of good choices?

[ - ] AnonymousLex 1 point 2.7 yearsSep 1, 2022 08:32:03 ago (+1/-0)

Then up goes the white home owners house value and up goes the resources to aid to a justified white flight into a nicer area

[ - ] SilentByAssociation 1 point 2.7 yearsSep 1, 2022 09:25:33 ago (+1/-0)

Miami already has massive rental rates.

[ - ] KyleIsThisTall 0 points 2.7 yearsSep 1, 2022 19:48:38 ago (+0/-0)

people will begin to give a shit about their immediate area.

people will begin to give a shit

people

Well they aren't people, so

[ - ] RobertJHarsh 2 points 2.7 yearsSep 1, 2022 08:07:40 ago (+2/-0)

This sounds familiar...black and hispanic given guaranteed loans that 95% defaulted on in 2008?

[ - ] Boardallday3 1 point 2.7 yearsSep 1, 2022 12:20:25 ago (+1/-0)

Holy shit this is actually real

[ - ] jquuery 1 point 2.7 yearsSep 1, 2022 09:43:58 ago (+1/-0)

They are now cucking you in real time. Enjoy your taxes going to black and brown people "because you are evil and hurt their ancestors" and enjoy the banks doing the same.

It will be black and brown people on commercials. In the houses. In the businesses. You will be poor and without wealth. Your daughters are already sluts. Your wife slept around before marrying you. Every fucking day there will be new nonsense feminist bullshit. Being gay is more accepted than being a normal man. Women boss men around. Jews own everything. Black people are jesus. White people are satan. Your children are agender "polysexual" sluts and you -will- be ok with it as long as they fuck other young people only. This is your world. Way to go.

[ - ] SilentByAssociation 1 point 2.7 yearsSep 1, 2022 08:23:51 ago (+1/-0)*

Ha, they're anti-redlining. Or at least redlining against Whites. But the practice has always been about avoiding niggers and beaners.

This is interesting because this loan product is on the tail end of a good market. A great time to release this product because some may end up underwater on their mortgage and end up stuck. Miami and Los Angeles are also big (drug) trafficking centers. And California is the #1 state for fake businesses and false paystubs.

Although banks make money on interest payments, I wonder if they'll expedite the foreclosure process of these homes. Being in the loan-to-own business is a UDAPP, and banks are explicitly not interested in owning (hence an underwriting process). It's a great opportunity to both virtue signal and exploit minorities.

[ - ] ted754 1 point 2.7 yearsSep 1, 2022 05:40:13 ago (+3/-2)

I've told you dumb motherfuckers over and over again. It's all about kikes creating money with their banks. Most here don't even know only banks create us dollars. They create dollars every time they make a loan.

https://www.youtube.com/watch?v=JG5c8nhR3LE

They have been requiring fucking diversity officers and all kinds of shit for years for larger companies. This is literally how the jew controls us.

Fucking USE bitcoin and crypto. Don't invest. Fucking USE it. You can never win if you use your enemy's money. All bitcoin is is a spreadsheet of transactions with a capped supply currency everyone shares so we all know no one is creating money outside of the protocol.

Either we use bitcoin and crypto or we become hated minorities in our own homelands.

[ - ] frankenham 5 points 2.7 yearsSep 1, 2022 06:11:33 ago (+5/-0)

Crypto = cashless currency = jewish wetdream

The real solution is commodity currency.

[ - ] NationalSocialism [op] 4 points 2.7 yearsSep 1, 2022 08:22:11 ago (+4/-0)

This. I’m starting to think crypto is of jewish origin. The currency is cashless and globalist in nature.

[ - ] jammicsmith 0 points 2.7 yearsSep 1, 2022 13:45:50 ago (+0/-0)

And LN is virtually untraceable. Bitcoin is taking away their power.

[ - ] ted754 0 points 2.7 yearsSep 2, 2022 02:02:22 ago (+0/-0)

kike pretending to be white. Anything that solves the kike problem, they are against.

[ - ] NationalSocialism [op] 0 points 2.7 yearsSep 2, 2022 03:39:29 ago (+0/-0)

Member for: 1 week

[ - ] ted754 0 points 2.7 yearsSep 2, 2022 04:34:04 ago (+0/-0)

What is this kike level reddit bullshit...as if it means anything. Check my history kike, I've been around when old voat fucking started--as if it matters.

What matters is if you support kike dollars or not. You OBVIOUSLY do and want us to remain enslaved by them. Fucking kike!

[ - ] NationalSocialism [op] 0 points 2.7 yearsSep 2, 2022 04:58:58 ago (+0/-0)

What matters is if you support kike dollars or not. You OBVIOUSLY do and want us to remain enslaved by them. Fucking kike!

I don’t support any type of currency on the market right now.

You caught me. I want all 100 users here to be enslaved on jewbucks.

[ - ] ted754 0 points 2.7 yearsSep 1, 2022 16:16:31 ago (+0/-0)

NO! Cashless IS NOT THE BIG DEAL. Cash IS LITERALLY JEWISH CURRENCY. The big deal is whether they can create it from thin air or not and whether it's centralized. Bitcoin is decentralize AND THEY CANNOT SIMPLY WISH IT INTO EXISTENCE like they can with cash,etc. Even commodity based currencies have a centralized accounting system. That's why we have fucking paper gold now.

Stop fighting the only thing that frees us from kikes.

[ - ] frankenham 0 points 2.7 yearsSep 2, 2022 19:23:06 ago (+0/-0)

The US dollar hasn't been backed by gold for decades ya dingus...

[ - ] ted754 0 points 2.7 yearsSep 2, 2022 19:41:59 ago (+0/-0)

You dumb fuck. You clearly don't know what paper gold is. You might want to look things up first. Paper gold is how they manipulate the price of gold. You can have far more gold contracts than gold itself and there is no way to prove this as it takes time to custody the gold itself. Banks have been manipulating gold prices this way for years. It has nothing to do with dollars being backed by gold.

I know what I'm talking about far more than the morons here.

[ - ] ted754 0 points 2.7 yearsSep 2, 2022 02:01:50 ago (+0/-0)

kike

[ - ] HughBriss 1 point 2.7 yearsSep 1, 2022 14:43:59 ago (+1/-0)

I've told you dumb motherfuckers over and over again.

Oh, YOU were the one who told me that! I forgot who it was, even though it was so original and groundbreaking, no one else thought of it before. Well, thank you member for one week.

[ - ] ted754 0 points 2.7 yearsSep 1, 2022 19:07:02 ago (+0/-0)

I HOPE LIKE HELL I'm not the only one that understands this. A ton of dumb asses and kikes here sure as hell fight crypto and embrace dollars.

[ - ] HughBriss 0 points 2.7 yearsSep 1, 2022 19:24:44 ago (+0/-0)

jews have already infiltrated crypto. It's been compromised and can't be trusted.

[ - ] ted754 0 points 2.7 yearsSep 1, 2022 21:49:19 ago (+0/-0)

Explain how kikes can create bitcoin out of thin air. Explain how once they spend it, they can just create more as they can with the us dollars they create now. It's impossible to compromise bitcoin.

[ - ] drhitler 0 points 2.7 yearsSep 1, 2022 07:05:45 ago (+0/-0)

It wouldn't surprise me if future supercomputers can control more wallets than actual users and rewrite the blockchain.

[ - ] ted754 0 points 2.7 yearsSep 1, 2022 16:14:21 ago (+0/-0)

That's not how that works. You're talking about quantum computers breaking encryption. Wallets don't store anything. it's just a convenient way for you to be able to move your coins that only exist on the blockchain.

Set your mind at ease. If quantum computers break encryption, it affects far more than bitcoin. Your bank account isn't safe either. Also, it's a mathematics thing. Far smarter people than you or I are working on it. It's not even a bitcoin thing.

https://en.bitcoin.it/wiki/Quantum_computing_and_Bitcoin

[ - ] KyleIsThisTall 0 points 2.7 yearsSep 1, 2022 19:16:50 ago (+0/-0)

Nothing like violating federal laws regarding preferential access to financial services based on race!

[ - ] winners_history 0 points 2.7 yearsSep 1, 2022 15:01:29 ago (+0/-0)

Tell us you flunked history without telling us you flunked history.

Were these "execs" even alive in 2009?

[ - ] Feelsgood 0 points 2.7 yearsSep 1, 2022 13:50:37 ago (+0/-0)

Zero down payment and no closing costs that are all rolled into the 30year loan.

Banks love a mortgage that takes you a lifetime to pay off. 💰💵💳🤡

[ - ] jammicsmith 0 points 2.7 yearsSep 1, 2022 13:44:39 ago (+0/-0)

As long as we use their monopoly money, we will lose.

In other news, Bitcoin is on sale right now.

[ - ] RedBarchetta 0 points 2.7 yearsSep 1, 2022 10:24:23 ago (+0/-0)

Let me read through the bullshit. Blighted Ghetto Neighborhoods that can't get anyone to buy the shit, these will be where the loans are applied. NOT in White Neighborhoods.

But it is Racist as Fuck and against the Fair Housing Act. No discrimination. It should be income level AND then the niggers and the wetbacks could apply.

[ - ] cyclops1771 0 points 2.7 yearsSep 1, 2022 10:21:53 ago (+0/-0)

Good for them.

Bank of America was founded by a bunch of Italians who felt the "big banks" were intentionally fucking with them and not providing loans. So they said, "Fuck off, banks" and started their own.

Only issue for them is, this is going to be a huge loss for them. Default rates for 1st time buying negroes and spics are already in the 20-25% range. Add in no down payment and they will skyrocket.

Lastly, having more black homeowners means that properties will decline in value, not increase, due to lack of maintenance and upkeep. (See Detroit for an example of increased black housing ownership.) So, assume a 33% default rate, a decline in property value, this appears to be a Get Woke, Go Broke situation, and I assume it will end up being another failed program.

Now, if they were smart, they would put a minimum limit on these to two income families with credit scored over 750 only. Then they can crow about their wokeness.

Other issue is that someone who is denied or is not eligible can file EEO or 14th amendment complaints against them if the bank receives any federal dollars or oversight. Reverse redlining will have to be proven in court, and I don't see it passing based on the current "redlining" regulations.

[ - ] IfuckedYerMum 0 points 2.7 yearsSep 1, 2022 10:10:03 ago (+0/-0)

They did this before. It didn't end well.

[ - ] germ22 0 points 2.7 yearsSep 1, 2022 10:06:28 ago (+0/-0)

The banks were unable to fleese the poor people of theire money, so with this program they can strip even niggers and spics of the money and put in their pocket.

[ - ] Version6 0 points 2.7 yearsSep 1, 2022 08:45:18 ago (+0/-0)

I am sure that will end well