Bank of America is planning to engage in probably-illegal racism. Hopefully it bites them in the ass.

submitted by iamonlyoneman from citizenfreepress.com

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[–]iamonlyoneman[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

Bank of America announces zero down payment, zero closing cost mortgages for Black and Hispanic first-time homebuyers...The loans require no mortgage insurance and no minimum credit score.

This is 100% constitutional and will not be unprofitable in any way.

[–]christine_grab 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

It's predatory lending BofA is making these loans in the hopes they will be able to foreclose on the property. The WEF's plan is to acquire all the affordable housing out from under first time homebuyers, forcing them to stay renters. When the collapse happens, the WEF will raze the housing in rural areas and suburbs, thus forcing people into cities, where the people can be easily monitored by "smart city" systems. The goal is to "own nothing and be happy." They'll make sure you own nothing after the BK you'll have to file after the foreclosure.