I had the pleasure of spending last week at the Mortgage Bankers Association Conference in the beautiful city of Austin, Texas. Aside from the insightful information I learned at the conference, my personal highlight was eating at a new restaurant called Suerte. I must say, I was impressed by Executive Chef Fermín Nuñez. I saw that the restaurant was featured as one of the 18 best new restaurants in the country by Eater last year, and I can see why.
Hope everyone got up today with a smile, brewed your cafecito (with foam), and blasted your favorite song to get your day going. I don’t know about you but my favorite song to either get to dancing or to completely transform my mood is “La Bicicleta” by Shakira. There’s something about the vallenato in that song that fills my soul like my mom’s “sopita de fideo.” Maybe I was Colombian in another life.
In a letter submitted to the Department of Housing and Urban Development (HUD), NAHREP urges HUD to maintain the standard the agency adopted in its 2013 final rule, “Implementation of the Fair Housing Act’s Discriminatory Effects Standard.” The letter highlights several key concerns with the proposed rule change, including algorithmic bias, stifled innovation and negative consumer impacts.
Hola familia! For those of you who don’t know me, my name is Noerena or “Noe” as many in the NAHREP family have come to call me. I like tofu, my favorite color is yellow, policy is my jam, and I think tapping into the power of NAHREP so that we speak up, rise up and become one of the most powerful Latino organizations in the country is right about the coolest job a gal could have.
Co-Founder and CEO Gary Acosta teams up with Urban Institute’s Jim Parrott and Moody’s Analytics’ Mark Zandi in this Washington Post editorial calling for updated loan qualification models to better capture minorities’ ability to repay.
A broad coalition of mortgage-industry groups and lenders is calling for the Consumer Financial Protection Bureau (CFPB) to remove the debt-to-income (DTI) ratio requirement from the ability-to-repay standard for qualified mortgages.
Annual convention spotlights key industry topics, including the growth of the Hispanic housing market, and features sessions on industry innovation and entrepreneurialism; Keynote speakers include Pro Football Hall of Fame Player Terrell Owens, NBA Superstar Matt Barnes, multiple industry CEOs, Salesforce Chairman & Co-CEO Marc Benioff, Everyday Millionaires Author Chris Hogan and Communication Expert Liz Hernandez
SVP of Public Policy and Industry Relations Noerena Limón discusses with Scotsman Guide the detriment to Latino homeownership opportunities, should alternative mortgage qualification options from “the patch” expire.
The members and staff of the National Association of Hispanic Real Estate Professionals® (NAHREP®) are devastated by the mass shooting that took place in the predominantly Hispanic community of El Paso, Texas on Saturday, August 3, 2019. NAHREP holds the victims of the El Paso shooting and their families, community residents, and our NAHREP El Paso members in our hearts during this difficult time.
NAHREP Co-Founder & CEO Gary Acosta is quoted in this article covering the massive role Latinxs play in growing the U.S. housing market! Read the original article at the Wall Street Journal. While Hispanics compose only 18% of the U.S. population, the group accounted for nearly 63% of new U.S. homeowner gains over the past decade, according to the National Association of Hispanic Real Estate Professionals. New homeowners include people buying first homes and those coming back into the market after a foreclosure.