The National Association of Hispanic Real Estate Professionals has announced that its director of research, Alejandro Becerra, has been appointed to the U.S. Department of Housing and Urban Development’s first-ever Housing Counseling Federal Advisory Committee . HUD states that the committee, consisting of 12 individuals representing mortgage, real estate, consumer and housing sectors, will serve to…
Two mortgage banking trade groups that support the so-called “recap and release” of Fannie Mae and Freddie Mac say they have not taken money from Wall Street hedge funds that have reportedly bankrolled a lobbying campaign in Washington focused on the same goals of bulking up the agencies’ capital reserves and freeing them from government…
Hispanic home ownership has been on a steady rise over the past 5 years. According to a 2015 report by the National Association of Hispanic Real Estate Professionals (NAHREP), there was a net increase of 245,000 in Hispanic homeownership last year, accounting for 69 percent of the total net growth in US homeownership. However, even…
Commentary by Nayeli Pelayo According to the National Association of Hispanic Real Estate Professionals (NAHREP) and the Hispanic Wealth Project, a non-profit 501(c)(3) with a mission to financially and educationally empower the Hispanic community in America, the tide has turned for Latinos in the U.S. The organizations recently released a joint report showing that for…
Only 20% speak a second language As many of the mortgage industry’s loan officers get ready to retire, a recent survey shows upcoming loan officers may be unprepared. A recent survey by XINNIX, which helps to train mortgage lending professionals, shows that only 20% of loan officers entering the workforce indicated they spoke a language…
As the GSE conservatorship surges forward with little promise of reform, many in the industry cannot help but wonder what will happen next. Gary Acosta, Co-founder and CEO of theNational Association of Hispanic Real Estate Professionals (NAHREP), Jim Park, CEO of the Mortgage Collaborative, and Joseph J. Murin, Vice Chairman of Chrysalis Holding LLC and Chairman…
Latinos are driving growth in homeownership in the U.S., becoming an outlier in the homeownership trend, which decreased overall in 2015. In fact, despite the general downturn in homeownership in the U.S. through 2015, Latino homeownership accounted for an incredible 69 percent of the total net growth, according to a new report by the Hispanic…
A coalition of 14 civil rights groups and housing advocacy groups had some harsh criticism for HUD Secretary Julián Castro earlier this month as they labeled HUD’s Distressed Asset Stabilization Program (DASP) a “Wall Street giveaway” for its tendency to sell delinquent mortgage loans to investors and private equity firms. Some of the groups—even some…
Secretary of Housing and Urban Development (HUD) Julian Castro has recently been the subject of harsh criticism from a handful of non-profit groups in connection to his department’s administration of the Distressed Asset Stabilization Program (DASP). Implemented in 2012, a full two years before Secretary Castro’s appointment, the program was designed to maximize recovery to…
Washington, DC – A pesar de las condiciones apretadas del sector de vivienda en Estados Unidos, los Latinos fueron el grupo con mayor aumento en la adquisición de propiedades en el 2015. Las cifras que tuvieron un aumento neto de 245.000 propietarios de hogares, sugieren una nueva cara de compradores en el país y una necesidad…