SuperSpreader Posted September 1, 2022 Share Posted September 1, 2022 Bank of America: Zero-down-payment mortgage for first-time buyers WWW.NBCNEWS.COM Residents in selected Charlotte, Dallas, Detroit, Los Angeles and Miami neighborhoods will be offered the program first. Quote Link to comment Share on other sites More sharing options...
Xbob42 Posted September 1, 2022 Share Posted September 1, 2022 DEEZ NUTS Quote Link to comment Share on other sites More sharing options...
skillzdadirecta Posted September 1, 2022 Share Posted September 1, 2022 I'm confused by the title of this post. The intention behind this seems to be the exact opposite Bank of America announces measures to boost Black, Hispanic homeownership THEHILL.COM Bank of America has announced a new effort aimed at bolstering homeownership opportunities in Black and Latino communities, with plans to offer zero down payment and zero closing cost mortga… Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted September 1, 2022 Share Posted September 1, 2022 7 minutes ago, skillzdadirecta said: I'm confused by the title of this post. The intention behind this seems to be the exact opposite OP is @unogueen 2 Quote Link to comment Share on other sites More sharing options...
SimpleG Posted September 1, 2022 Share Posted September 1, 2022 Articles worded funky. The first part just states "black and Latino communities " which sounds like they are pushing gentrification but the last half talks about black and Latino families getting the loans. Quote Link to comment Share on other sites More sharing options...
Joe Posted September 1, 2022 Share Posted September 1, 2022 7 minutes ago, skillzdadirecta said: I'm confused by the title of this post. The intention behind this seems to be the exact opposite Bank of America announces measures to boost Black, Hispanic homeownership THEHILL.COM Bank of America has announced a new effort aimed at bolstering homeownership opportunities in Black and Latino communities, with plans to offer zero down payment and zero closing cost mortga… I think he’s being cynical and anticipating that this will benefit white people the most and will only gentrify these communities. 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted September 1, 2022 Share Posted September 1, 2022 Neighborhoods change. Oh well Quote Link to comment Share on other sites More sharing options...
skillzdadirecta Posted September 1, 2022 Share Posted September 1, 2022 7 minutes ago, Joe said: I think he’s being cynical and anticipating that this will benefit white people the most and will only gentrify these communities. Yeah I got that, but that's not what the program is. If anything the fear is it could lead to another sub-prime situation where you have folks getting mortages who really can't afford them. I'm going to look into this program myself. Hopefully I don't make too much money to qualify. If anybody will gentrify a black Los Angeles neighborhood it will be me My rent (which just went up TODAY) is ALREADY a mortage. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted September 1, 2022 Author Share Posted September 1, 2022 1 hour ago, Joe said: I think he’s being cynical and anticipating that this will benefit white people the most and will only gentrify these communities. This Quote Link to comment Share on other sites More sharing options...
Jason Posted September 1, 2022 Share Posted September 1, 2022 1 hour ago, Keyser_Soze said: OP is @CitizenVectron ftfy Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted September 1, 2022 Share Posted September 1, 2022 11 minutes ago, Jason said: ftfy Quote Link to comment Share on other sites More sharing options...
skillzdadirecta Posted September 1, 2022 Share Posted September 1, 2022 3 hours ago, SuperSpreader said: This Hopefully this isn't the case. I'm looking into it myself. Quote Link to comment Share on other sites More sharing options...
Ominous Posted September 2, 2022 Share Posted September 2, 2022 What could go wrong?..... Quote Link to comment Share on other sites More sharing options...
skillzdadirecta Posted September 2, 2022 Share Posted September 2, 2022 32 minutes ago, Ominous said: What could go wrong?..... 2008? Quote Link to comment Share on other sites More sharing options...
Jason Posted September 2, 2022 Share Posted September 2, 2022 1 hour ago, skillzdadirecta said: 2008? No. @b_m_b_m_b_m Quote Link to comment Share on other sites More sharing options...
rc0101 Posted September 2, 2022 Share Posted September 2, 2022 I do wonder how they got their regulator to approve this. Unless it’s only targeted at minority neighborhoods and is some sort of CRA credit. Quote Link to comment Share on other sites More sharing options...
skillzdadirecta Posted September 2, 2022 Share Posted September 2, 2022 1 hour ago, rc0101 said: I do wonder how they got their regulator to approve this. Unless it’s only targeted at minority neighborhoods and is some sort of CRA credit. I think it is. Looking into what neighborhoods in LA qualify. 1 Quote Link to comment Share on other sites More sharing options...
Ominous Posted September 2, 2022 Share Posted September 2, 2022 6 hours ago, rc0101 said: I do wonder how they got their regulator to approve this. Unless it’s only targeted at minority neighborhoods and is some sort of CRA credit. I assumed it was some type of punishment for years of redlining and writing shit loans. 1 Quote Link to comment Share on other sites More sharing options...
skillzdadirecta Posted September 3, 2022 Share Posted September 3, 2022 @SuperSpreader I missed this part when I initally read the article. Quote Applicants do not have to be Black or Hispanic to qualify for the product, a bank representative said. So I get your concern 1 Quote Link to comment Share on other sites More sharing options...
rc0101 Posted September 4, 2022 Share Posted September 4, 2022 5 hours ago, skillzdadirecta said: @SuperSpreader I missed this part when I initally read the article. So I get your concern They wouldn’t be able to only do loans for Black and Latino because of discrimination laws. 1 1 Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted September 4, 2022 Share Posted September 4, 2022 1 1 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.