Easy enough for the white and educated to say. However, the reality is that the uneducated, elderly, and the immigrants are probably the ones fraudulently misled into signing loans they can't afford. You may be educated and savvy enought to be skeptical of the misleading and outright false claims lenders are making, many people are not. Would you be as disparaging if your grandmother had signed a loan that a lender had promised her would only cost her $500 / month to pay, while in fact the ten pages of legalese in her contract that she couldn't comprehend actually ended up requiring her to pay $1000 / month?