Red Ice TV - Black Only Mortgage Loans With 1% Down

00:00:00.000 A mortgage loan just for black borrowers offered by the nation's largest black-led mortgage company.

00:00:05.460 A loan of our own, a mortgage loan designed to assist black people to become homeowners.

00:00:10.220 The loan is called Closing the Gap.

00:00:13.020 Legacy Home Loans, the largest black-led mortgage banking firm in the nation, headquartered in Vegas,

00:00:18.060 announced today it's developed a special-purpose credit program for black people who want to become homeowners.

00:00:24.660 That's right, this loan was developed by black mortgage professionals for black borrowers.

00:00:29.640 No one knows our people like we do, Ben Slayton, the president and CEO of Legacy Home Loans, said.

00:00:36.500 Imagine if we said that.

00:00:38.180 No one knows white people like we do.

00:00:41.000 Legacy's Closing the Gap Home Loan program intends to help close this 30% homeownership gap.

00:00:47.920 Legacy's SPCP loan program will be piloted in six U.S. metropolitan areas.

00:00:54.700 This is going to go over real well.

00:00:55.920 Atlanta, Baltimore, Chicago, Detroit, Memphis, and Philadelphia.

00:01:00.380 The reason that Legacy named this new loan program Closing the Gap is because there's 30% homeownership gap between blacks and whites,

00:01:07.880 meaning only four out of every 10 black families own the home that they live in.

00:01:13.980 There's more white people in the country, by the way, than blacks.

00:01:17.200 And a lot of white people don't own a home, especially nowadays.

00:01:20.960 The Closing the Gap loan program is only 1% down payment with free appraisal and I presume low interest as well, right?

00:01:29.400 They're going to have some kind of deals for that.

00:01:31.900 Legacy's goal is to fund $1 billion to black homeowners by homebuyers by the end of 2023 and to fund $1 billion and more to black homebuyers every year thereafter.

00:01:43.120 So Ben Slayton, the president and CEO, says he was the first black realtor in America.

00:01:47.880 I don't know what evidence there is for that.

00:01:50.160 Okay, great.

00:01:51.240 But you want to help your own people.

00:01:53.940 I get that.

00:01:54.640 That's amazing.

00:01:55.800 But what if we did something like this, right?

00:01:58.480 Oh, my gosh.

00:01:59.660 They'd be screaming and peeing their pants.

00:02:02.200 But let's play their company ad, which is on their website, because it's just really funny.

00:02:07.120 Welcome to Legacy Home Loans.

00:02:09.000 What are we doing?

00:02:11.040 For the first time in history, African-Americans are building a nationwide mortgage banking company by African-Americans for African-Americans.

00:02:21.920 No one knows our people like we do.

00:02:24.620 And nothing happens before it's time.

00:02:27.800 And this is our time.

00:02:30.020 Our mission to empower the African-American communities throughout the United States with a focus on building sustainable wealth through homeownership.

00:02:40.880 What about that?

00:02:42.380 Leaving family legacies.

00:02:44.800 It feels so good to be alive.

00:02:50.300 Welcome to Legacy Home Loans.

00:02:52.020 Got all my family by my side.

00:02:57.500 Oh, no.

00:02:59.160 Couldn't wipe this black off if I tried. 1.00

00:03:03.840 Man, it's just a bunch of entrepreneurs there.

00:03:06.660 Entrepreneur-Americans.

00:03:07.580 Come on, you're wearing white man clothes here.

00:03:11.340 Sheet.

00:03:12.240 White man tech.

00:03:13.480 I got a million miles on me.

00:03:16.740 This is like a music video or a TV show all the time, right?

00:03:20.020 Style.

00:03:22.840 Pizazz.

00:03:23.560 The path was never made with no.

00:03:27.100 Got the champagne and the caviar.

00:03:29.520 Living, living large.

00:03:32.100 Big pimpin'.

00:03:32.260 That man's dream was to be the largest black home mortgage company that ever existed.

00:03:35.320 Yes.

00:03:36.580 And that dream became my dream.

00:03:38.700 Can I actually say she?

00:03:39.700 That sounds like someone's like she. 0.91

00:03:41.540 We all recognize that we are stronger together.

00:03:45.560 Exactly.

00:03:46.360 So how about a white people? 0.54

00:03:47.920 We're stronger together.

00:03:48.800 We take care of our own folk first.

00:03:52.040 Like, I get it.

00:03:52.840 More power to you.

00:03:53.980 Okay, now let's do white people. 0.99

00:03:55.720 All right?

00:03:56.220 Let's have a folk first funding. 0.99

00:03:59.700 Right?

00:04:00.260 Nope.

00:04:00.620 You can't have that, you see?

00:04:02.040 It's so annoying.

00:04:02.860 So I have to say, in addition to this, like this is gaining traction and all this, Biden and Maxine Waters, they're working to pass the Down Payment Toward Equity Act, where blacks can get free money and other non-whites $25,000 for free toward a home. 0.61

00:04:23.360 Yep.

00:04:23.980 There you go.

00:04:24.300 This is equity, right?

00:04:25.240 This is in addition to the many other programs just for blacks to get in a home, offered by the government, by banks. 0.65

00:04:31.220 There's already government down payment assistance programs for diverse peoples.

00:04:35.980 Did you know that?

00:04:36.720 Mm-hmm.

00:04:37.080 This exists.

00:04:37.980 They can get free money for a down payment for a home.

00:04:41.480 In addition, Wells Fargo, horrible bank, right?

00:04:45.360 We're banned from them.

00:04:46.200 Yep.

00:04:46.440 Bank of America, Chase, several other major banks.

00:04:49.100 They have special programs to close the racial gap in home ownership, right?

00:04:53.400 So they just, oh, bad credit, no problem.

00:04:55.700 We'll give you a loan, right?

00:04:57.380 Stuff tailored just for them.

00:04:59.280 And then there's many other grants.

00:05:00.700 There's other civil rights orgs that offer down payment assistance, lending to get blacks in homes because it's racist that more white people are homeowners.

00:05:09.140 Although we have zero options just for being white.

00:05:13.600 People don't just give us money, civil rights orgs and these banks and all these programs and equity programs just for being white, right?

00:05:21.040 Even if you're poor.

00:05:22.160 But we said this was coming all along, right?

00:05:24.080 What equity means.

00:05:24.860 Giving supposed oppressed non-white groups this leg up that we never had, giving them free money and perks to get ahead while we are attacked and penalized for being white and told that we're privileged. 0.75

00:05:37.220 It's just so blatant and so hateful.

00:05:40.040 But on the other side, as they become more dependent and greedy, right, they're going to wreck it for themselves because they will.

00:05:47.640 We're going to have to become stronger, fitter, more adapted to maneuver around a lot of these challenging circumstances that are systemic.

00:05:57.880 This is real systemic racism against white people.

00:06:01.300 It's an anti-white system. 0.83

00:06:02.980 But here you go.

00:06:04.240 Just giving money to blacks. 0.99

00:06:06.320 They're going to get better.

00:06:07.720 And what is the interest rates right now?

00:06:09.880 Like 6.5% or something.

00:06:11.900 Pretty soon I'll just be like, oh, no.

00:06:13.280 Zero for them.

00:06:13.980 Yeah, zero for you.

00:06:15.100 This is part of our equity program, whatever.

00:06:17.940 This is where it's heading.

00:06:19.380 Oh, absolutely.

00:06:20.040 It's going to be total discrimination against us.

00:06:21.620 That's right.

00:06:22.080 Just because we're white.

00:06:22.820 Can you imagine, thank you, the ADL responses to white mortgages?

00:06:31.980 Exactly.

00:06:32.660 That would have been hilarious.

00:06:33.560 I'd love to see that.

00:06:34.540 So we covered this before, too.

00:06:36.380 Indians have things.

00:06:37.840 There's things for Latinos.

00:06:39.100 There's things for blacks. 0.55

00:06:40.180 You know, it's like no problem.

00:06:41.860 What if we wanted to have something?

00:06:42.960 What if there was someone who was really wealthy in our community who was like, I'm going to offer, you know, like, yeah, white mortgages that are 0% down.

00:06:50.980 I'm not saying we're unable to do it, but I'm saying as for now until we have, like, an ADL or whatever, you know what I mean?

00:06:58.640 The only group that can't have things that are explicitly their own is white people. 0.76

00:07:03.160 That's how it is.

00:07:04.440 And to a certain extent, that's also because, you know, there's, like, an unspoken, like, we've done a lot of this stuff, and now we kind of have to be held down to be, like, to be put in our place.

00:07:20.820 You know what I mean?

00:07:21.860 That's why they've wheeled out, like, a lot of this is mental prisons.

00:07:25.280 I mean, obviously, there is a physical one there, too, if you break ranks or whatever, but much of it to control the, you know, European spirit or Western spirit, whatever you want to call it, it's like white guilt, for example, or indoctrinating young white people into thinking that they're more evil.

00:07:39.260 Or they have to give up things or if they've earned something or if they've had their parents pass something down to them.

00:07:45.200 It's their, like, responsibility if they want to be seen as good people to give that away and give that to other people.

00:07:51.320 And we can't have things that are just ours because that leads to, you know, train cattle cars and, you know, whatever else.

00:07:58.220 Archie says, Legacy, this company, their biggest department is the collections department.

00:08:03.180 I wonder how that's going to go down because it was also, like, you're going to give a pass on credit scores, right, and things like, oh, you have a Netflix account?

00:08:12.920 That's going to count towards your credit score.

00:08:14.920 Oh, that's right.

00:08:15.640 Right?

00:08:16.420 Yeah.

00:08:16.620 Oh, my God, you paid your water bill on time.

00:08:18.520 Amazing.

00:08:19.320 Yeah.

00:08:19.520 You're so good at this.

00:08:20.880 Yep.

00:08:21.040 Here, here's $500,000 for a house.

00:08:24.940 Let me see.

00:08:25.720 Verita 6464, good to see you.

00:08:27.520 Locust Ladd says, okay, first, why are their colors the same as Cadbury's milk chocolate?

00:08:31.920 That's right.

00:08:32.920 Is it Australian or UK?

00:08:34.760 They're copying all the white man's stuff here. 0.65

00:08:36.280 Cadbury's, that's right.

00:08:37.220 Orange and, we had a coffee company called Love, but it's a little, a lot of have the same colors.

00:08:42.400 I remember the orange and yellow.

00:08:44.100 Two, why does the logo look like an Oranutan?

00:08:49.420 Oranutan.

00:08:49.820 It kind of does.

00:08:52.040 The long arms.

00:08:52.300 I didn't see that.

00:08:53.860 Oh, shit.

00:08:54.980 Oh, no.

00:08:56.700 Smash with, smash with, smash. 0.94

00:08:57.900 Whoops.

00:08:58.900 Yeah, well, look at that.

00:09:00.020 That's interesting.

00:09:00.800 Yeah, that's right.

00:09:01.440 We can just add a little bit of a head on right up at the top right there, and we got it, folks.

00:09:06.760 That's right.

00:09:07.300 Good eye, Loki's Ladd.

00:09:08.600 Oh, my God.

00:09:11.320 Oh, man.

00:09:12.640 How's the ears on that?

00:09:13.060 They made it.

00:09:13.660 We didn't do it.

00:09:14.220 Yeah, that's right.

00:09:14.960 Oh, my God.

00:09:15.620 This is awfully racist.

00:09:17.140 That kind of looks like an Orangutan.

00:09:20.100 Well, if they can do this, then maybe they'll be on their way to creating their own society.

00:09:24.160 Yeah.

00:09:24.400 They can, like, have their own, have your own neighborhood.

00:09:26.920 Go there.

00:09:27.780 Thank you, Loki's Ladd.

00:09:28.520 Very kind of you.

00:09:29.240 Do you know that, it's funny, it became Orangutan in, like, English, right?

00:09:35.680 Orangutan, but it's actually Orangutan, which means man of the forest.

00:09:40.460 Oh, there you go.

00:09:42.200 Did you finish the video, by the way?

00:09:43.600 Was it all the way done?

00:09:44.960 Oh, I had to go back.

00:09:45.740 No, I don't think so.

00:09:46.280 We can go forward.

00:09:46.940 Let's do the rest of it.

00:09:48.460 There should be.

00:09:49.460 We'll have to keep an eye and see what happens here.

00:09:52.760 Let me see.

00:09:52.960 Here he's drinking the champagne.

00:09:55.040 Champagne.

00:10:01.440 It's always, like, a music video.

00:10:04.240 It's always a rap video.

00:10:07.200 I'm looking fine.

00:10:08.160 Let me see.

00:10:10.520 Okay, I have to listen to that again.

00:10:12.760 Am I hearing a...

00:10:13.560 Stop rewind.

00:10:17.680 No.

00:10:21.980 Black and bitch. 1.00

00:10:25.080 I'm hearing a woof.

00:10:26.960 Woof.

00:10:28.680 This is like a big photo op.

00:10:33.260 Do these people even work?

00:10:34.360 Is this a real company?

00:10:35.420 Or is this just, like, a music video at this point?

00:10:37.700 I just read by how...

00:10:40.060 Are we watching a rap video?

00:10:44.780 I don't know anymore.

00:10:45.480 I mean, like, this is for a mortgage.

00:10:47.220 I feel like they're more obsessed with how they look.

00:10:49.880 It's the rap mortgage crossover.

00:10:51.020 Yeah.

00:10:51.740 They think it sounds good and looks good, but then no one's actually going to do the work,

00:10:56.380 you know?

00:10:57.240 Where's this billion dollars going to go?

00:10:58.980 I mean, all of this, if you think about it, ESGs, equity, this is about free shit at the end of the day, right?

00:11:05.800 It's basically like, I'm showing up, I'm not white, here I am.

00:11:10.000 Isn't it funny, too, if white people are out of the picture, they still want all the white man creations, 0.88

00:11:14.160 the suits, the jewelry, the sparkly dresses, and the cameras, and the champagne and caviar,

00:11:21.260 all that shit, you know? 0.55

00:11:22.700 That's true.

00:11:24.400 No, it's like, I read a story about how, was it BlackRock?

00:11:30.620 Goldman Sachs?

00:11:31.360 I wouldn't forget one of them, Investments Bank.

00:11:33.640 They said they had been fooled by some other, like, a new prospect.

00:11:37.260 And it made me think of this, right?

00:11:39.020 Of, like, giving away $175 million and, like, this company didn't even do anything.

00:11:43.400 But do you know how much, like, just waste there is with, like, ESG-type things,

00:11:49.040 and, like, you know, equity and diversity, inclusion programs, and all that stuff?

00:11:53.120 Lots of money down the hole.

00:11:53.880 Absolutely.

00:11:54.500 Just, like, pissing away millions.

00:11:56.660 And somewhere down the line, there will be people that will be sitting there,

00:11:59.860 they will be slurping their caviar and sipping their champagne.

00:12:02.360 Yeah.

00:12:03.060 Blaming white people. 0.80

00:12:04.000 Yeah.

00:12:04.100 Let go, let go.

00:12:05.920 If you want to fly, take the lead.

00:12:09.200 You've got to risk it all.

00:12:10.420 You've got to risk it all.

00:12:11.400 What are they doing?

00:12:14.980 I don't know.

00:12:15.520 Like, what is this?

00:12:17.740 Look at this.

00:12:18.100 Like, what is this photo shoot even for?

00:12:21.960 Like, can I remove these videos?

00:12:23.780 I just don't want to see the faces.

00:12:25.340 That's not very good either.

00:12:26.600 Not very well planned.

00:12:27.580 In this position with no choice.

00:12:30.540 System and prison.

00:12:31.940 Woof.

00:12:33.160 Woof.

00:12:33.920 Woof.

00:12:34.240 Woof.

00:12:34.280 Woof.

00:12:34.320 Woof.

00:12:34.800 Woof.

00:12:34.880 Woof.

00:12:34.920 Woof.

00:12:35.040 Woof.

00:12:35.120 Woof.

00:12:35.480 Woof.

00:12:35.600 Woof.

00:12:35.640 Woof.

00:12:35.680 Woof.

00:12:35.720 Woof.

00:12:36.160 Woof.

00:12:36.200 Woof.

00:12:36.240 Woof.

00:12:36.280 Woof.

00:12:36.320 Woof.

00:12:36.400 Woof.

00:12:36.720 Woof.

00:12:36.800 Woof.

00:12:37.280 Woof.

00:12:37.320 It's incredible.

00:12:39.040 What are we doing?

00:12:40.860 That's right.

00:12:41.500 What are we doing?

00:12:44.900 What are we, what's even happening?

00:12:46.320 All right.

00:12:46.920 Okay.

00:12:47.160 Yeah.

00:12:47.560 Thank you for watching.

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Red Ice TV - January 29, 2023

Black Only Mortgage Loans With 1% Down

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