BoA Ripped Over No Down Payment, No Closing Costs Mortgage Plan For Minorities
9/1/22
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from Daily Wire,
9/1/22:
Bank of America is under fire for a new mortgage lending program geared specifically to black and Hispanic homebuyers.
The loans, to be made in select minority communities throughout the country, require no down payments and no closing costs. Although white homebuyers in those neighborhoods who meet certain criteria are eligible for the program, the North Carolina-based lender said it is designed explicitly for blacks and Hispanics.
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