by Chris Black
Not exactly breaking news, but this is big.
No Whites allowed .@bankofamerica ?
Then, you don’t need my money.
Closing my accounts.Bank of America Launches Zero Down Payment Mortgages to Help Minorities Buy Their First Homes — Here's Who Can Apply t.co/xGcJvdIqfa
— Megan ULTRA #MAGA Girl 🇺🇸 (@MeganSmiles) November 28, 2022
BOA discriminating based on race/skin color yet again.
How is this even legal, you ask?
It’s legal because the products are only available in select markets, and there are income limits set for the borrower.
If you’re white, poor, and want to buy a house in an area that’s primarily black and hispanic, you too can qualify for one of these predatory loans that requires you to pay mortgage insurance and have a rate well above that of a conventional loan you’d get as a borrower with excellent credit.
The POCs are being taken for the proverbial ride here by the usual suspects.