BY CYNTHIA MORENO cmoreno@vidaenelvalle.com SACRAMENTO – Gerardo ‘Jerry’ Ascencio came from his native Michoacán, México nearly 57 years ago. He and his parents settled in the San Fernando Valley hoping to pursue the American Dream. But, throughout his childhood, América offered them everything except that. The family of five lived in a tiny trailer in…
While minorities occupy about half of the state’s housing units, they are less likely than white Texans to own their homes, and the state’s largest metro areas have some of the most substantial racial disparities among homeowners, according to recently released U.S. Census data. A shortage of affordable housing, credit problems and lack of savings…
At the annual convention of the National Association of Hispanic Real Estate Professionals (NAHREP) in September, the organization’s co-founder, Gary Acosta, spoke passionately about the group’s mission to raise Hispanic homeownership to over 50 percent. Anyone witnessing the resolve and commitment of the 2,000 convention attendees could envision the goal being reached. These were industry…
Jerry Ascencio came to California 57 years ago from Mexico. Those early years were defined by struggle and punctuated by periods where he lived in a trailer, worked three jobs and performed in mariachi groups in the underbelly of San Fernando Valley nightlife. But today he stands as an example of why so many come…
The U.S. Hispanic population is projected to more than double to 120 million by 2050, studies suggest, making them the fastest-growing ethnic group in the country. Yet, the Hispanic-homeownership rate has been falling and remains below the national average by double digits. Gary Acosta, chief executive officer of the National Association of Hispanic Real Estate Professionals…
The National Association of Hispanic Real Estate Professionals (NAHREP) has a mission of helping Latinos achieve the American dream of homeownership. This is primarily done by creating educational opportunities for real estate agents who work with the community, and by advocating for policies such as access to credit and challenging other barriers to homeownership. While…
Watch the latest video at video.foxnews.com Changes in how the nation’s leading mortgage-financing companies calculate credit scores could come by the end of the year, potentially qualifying millions of Hispanics for mortgages that are now out of reach for them. Mortgage financing giants Fannie Mae and Freddie Mac will decide by the end of the…
Mesa de Redacción Miniondas/FarándulaUSA A Gerardo Ascencio lo llevaron sus padres de Michoacán a California a los 3 años de edad, con el tiempo se convirtió en “Jerry”: Esa historia del cambio de nombre, entre muchas otras anécdotas, la cuenta en un monólogo musical llamado 53 millones y uno, obra que llega a Santa Ana…
Starting in early 2019, lenders will have to disclose much more detailed information to regulators about mortgage loans. The Consumer Financial Protection Bureau (CFBP) on Thursday finalized an 800-page rule that expands the reporting requirements under the Home Mortgage Disclosure Act (HMDA). The new rule will add several more data points that will need to be…
It’s a dream for many Latino families to own a home. But with the more economic and labor uncertainties, keeping a home can be difficult at times. According to a study by the National Association of Hispanic Real Estate Professionals (NAHREP) Latinos achieved modest gains in net new owner households in 2014. The rate of…