Housing Bubble 2.0 - B of A Launches Zero Down Mortgages for Minority Communities - US Housing Crash

Housing Bubble 2.0 - B of A Launches Zero Down Mortgages for Minority Communities - US Housing Crash

Too Little, Too Late? Bank of America recently launched a Zero Down Mortgage Program That Targets minority neighborhoods. As of right now, there are 5 Metro Markets that will serve as testing ground for this new loan program, called The Community Affordable Loan Solution. The participating Metros are as follows: Detroit, Los Angeles, Charlotte, Miami and Dallas. Critics are saying that this program is predatory/discriminatory and comes with additional risks that really doesn't help those communities. These type of loan programs are typically created as a means to generate loan income when overall lending activity is down.

This channel discusses recent articles, data and information about the Housing Bubble, Housing Crash, Home Prices, Forbearance, Foreclosures and Short Sales.

Additionally there is a focus on Mortgage Delinquencies, Mortgage Rates, FHA Loans, Real Estate Investing, and Housing Market Predictions for 2022 and Beyond.

Today is September 6th 2022 and Randy will discuss the following topics:

Bank of America Launches Zero Down Mortgages to Minority Communities
Too Little, Too Late ?

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Randy Patrick
Licensed Real Estate Broker
WestBay Real Estate, Inc.
813-833-2045
randy@luxuryshortsales.com

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