I asked a couple of people that do mortgages and they did say that there were quotas, I filled out a questionnaire on wells fargos website 2 weeks ago and there was a separate box to checkoff if your Hispanic, which was separate from the checkboxes for the other nationalities your nationality shouldn't matter, just your income, assets, and credit score, go check it out yourself, talk to any friends that are in the mortgage business for at least 6 years that will be honest with you and ask them, I'm a realtor, and I saw lenders handing out money to people that I kept asking myself how these people could even get a loan.
Most of this foreclosure mess is because of congress forcing banks to hand out money to people that shouldn't have gotten it. go to youtube.com and do a search for 2004 fannie mae congressional hearings, it's all on c-span, right undeniably in front of your eyes, this problem could have totally been avoided if the democrats in the banking and finance committee allowed regulations on fanny mae and freddie mac to be changed, instead they stopped the vote from going out on the floor with their veto.