Cathedral on Nostr: "Bank-provided down payment, no closing-cost mortgage advances efforts to broaden ...

"Bank-provided down payment, no closing-cost mortgage advances efforts to broaden access to homeownership and adds to its existing $15 billion Community Homeownership Commitment"

Isn't this practice...that is bank provided down-payment, etc what led to 2008 crisis?

If a bank wants to do this fine, provided the State does not bail out the bank or those getting the loan


https://newsroom.bankofamerica.com/content/newsroom/press-releases/2022/08/bank-of-america-introduces-community-affordable-loan-solution--t.html