How Diversity Pays Off for Lenders
This article ran as the cover story in Mortgage Compliance Magazine, discussing how focusing on diverse markets in recruiting and marketing is an economic imperative.
NAHREP 10 Certified Trainer program is accepting applications!
If you are passionate about the NAHREP 10 and desire to take on a leadership position in your community, the NAHREP 10 Certified Trainer program was made for you! Applications are currently being accepted for up-and-coming NAHREP leaders to join the elite group of trainers certified to present the NAHREP 10 to a wide variety of audiences and become Hispanic Wealth Project mentors.
NAC Blog: The MBA, Keith Urban & The Patch
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.
NAC Blog: Que onda mi gente?
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.
NAHREP Submits Letter to HUD Regarding the Reconsideration of HUD’s Implementation of the Fair Housing Act’s Disparate Impact Standard.
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.
National Advocacy Committee Blog
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.
Commentary: CFPB needs to lift restrictions that discourage minority home buying
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.
Coalition urges CFPB to ditch DTI requirement for qualified mortgages
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.
Leading Hispanic Real Estate Organization NAHREP® Announces Agenda, Keynote Speakers for 19th Annual National Convention in San Diego
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
NAHREP’s Limon outlines concerns with GSE patch expiration
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.