Wednesday, March 08, 2017

It’s Still Obama’s America: Wells Fargo is Poised to Destroy Itself and Engage in Outrageous, Illegal, Racial and Ethnic Discrimination, and Take the Mortgage Market and the Entire Economy Down with It! It’s Minority Mortgage Meltdown II! And Whites Will Pay for It All, Just Like the Last Time!

Excerpted by Nicholas Stix

N.S.: Someone needs to sue these SOBs for violating the Civil Rights Act.

Wells Fargo Commits to Increase African American Homeownership [Wells Fargo PR Release]
ATLANTA – February 28, 2017

Wells Fargo & Company (NYSE: WFC), the leading U.S. home loan lender, today announced a $60 billion lending commitment to create at least 250,000 African American homeowners by 2027.

The company’s commitment is a direct action to help address the lower homeownership rates in the African American community and follows Wells Fargo’s announcement to address Hispanic homeownership rates in 2015. Wells Fargo’s commitment seeks to:

Lend $60 billion to qualified African American consumers for home purchases by 2027, Increase the diversity of the Wells Fargo Home Lending sales team, and Support the effort with $15 million to support a variety of initiatives that promote financial education and counseling over the next ten years.

[Read the rest here.]

1 comment:

Anonymous said...

1.I hope the loan includes money for a lawn mower and garbage pickup.Otherwise,eventually the house will be obscured by uncut grass/trash bags.
2.It seems likely they'd lose the house anyways,after abstaining from the payment of their yearly property taxes.
3.That assumes they can make the monthly mortgage payments in the first place.
4.That assumes that they can last a month in the house without the police having to arrest the house dwellers for
any number of likely crimes.
5.That assumes they don't get arrested the FIRST day,during their housewarming
--GR Anonymous