Did you say they have baboons for buyers?
What does this have to do with 2008?clevelandsteamer » 04 Sep 2022, 10:14 pm » wrote: ↑ BofA just launched a test of zero-down-payment, zero-closing cost mortgages for minority communitiesA major American bank has launched a new program to help first-time minority buyers finance a home purchase with no down payment or closing costs. It’s a boon to buyers at a time when rising interest rates and low home inventory have stacked the deck against them.It’s also the latest response to longstanding criticism that banks favored white borrowers.
Lol.. "deck stacked against them"
https://www.yahoo.com/finance/news/2008 ... 00247.html
Answer the question relating directly to your OP, cretin.
Post you rule on posting links and running away.
Go to the Ladies Room and purge.
Just call me "King", peasant.
Avert your eyes when you whine that.
Remember which party took control of congress in 2007 then again in 2017.clevelandsteamer » 04 Sep 2022, 10:14 pm » wrote: ↑ BofA just launched a test of zero-down-payment, zero-closing cost mortgages for minority communities
A major American bank has launched a new program to help first-time minority buyers finance a home purchase with no down payment or closing costs. It’s a boon to buyers at a time when rising interest rates and low home inventory have stacked the deck against them.
It’s also the latest response to longstanding criticism that banks favored white borrowers.
Lol.. "deck stacked against them"
https://www.yahoo.com/finance/news/2008 ... 00247.html
You're a **** moron.clevelandsteamer » 06 Sep 2022, 10:53 am » wrote: ↑ Read it.
2008 all over again? BofA just launched a test of zero-down-payment, zero-closing cost mortgages for minority communities
If you do not agree, take it up with the author.
Otherwise, shut up
No....you're a **** moron.clevelandsteamer » 06 Sep 2022, 11:21 am » wrote: ↑ Read the article. If you do not agree, take it up with the author.
clevelandsteamer » 04 Sep 2022, 10:14 pm » wrote: ↑ BofA just launched a test of zero-down-payment, zero-closing cost mortgages for minority communities
A major American bank has launched a new program to help first-time minority buyers finance a home purchase with no down payment or closing costs. It’s a boon to buyers at a time when rising interest rates and low home inventory have stacked the deck against them.
It’s also the latest response to longstanding criticism that banks favored white borrowers.
Lol.. "deck stacked against them"
https://www.yahoo.com/finance/news/2008 ... 00247.html
It was heavily driven by a lousy incentive structure.The 2008 housing crisis — which was heavily driven by risky loans to unqualified buyers — taught tough lessons to lenders who were stuck with foreclosed homes after buyers stopped making payments on properties they were never able to afford.
It's like the "definition of inflation for dummies"clevelandsteamer » 06 Sep 2022, 11:24 am » wrote: ↑ What caused the 2008 subprime mortgage crisis
The subprime mortgage crisis of 2007–10 stemmed from an earlier expansion of mortgage credit, including to borrowers who previously would have had difficulty getting mortgages, which both contributed to and was facilitated by rapidly rising home prices.
You were sold.
No...it's informed.
I strive for pithy.