The fine print is you don't have to divulge your race, because that's patently illegal discrimination, but the loans are limited to predominately minority neighborhoods.
Banks and Blackrock have been buying up houses, and now the reality of situation is dawning on them that the housing crash is going to drastically worse than it was in '08 so they're trying to unload some houses, and using predatory lending to do it.
The fine print is you don't have to divulge your race, because that's patently illegal discrimination, but the loans are limited to predominately minority neighborhoods.
Banks and Blackrock have been buying up houses, and now the reality of situation is dawning on them that the housing crash is going to drastically worse than it was in '08 so they're trying to unload some houses, and using predatory lending to do it.