Hispanic Homeownership Falls in 2014

by Jacob Passy The rate of Hispanic homeownership fell in 2014 to its lowest level since 1999, according to data released by the National Association of Hispanic Real Estate Professionals. NAHREP’s State of Hispanic Homeownership Report found that the only 45.4% of Hispanics owned a home in 2014, despite a net increase of 54,000 Hispanic-owner…

NAHREP Power Women Take on the Radio

Marisa Calderon, chief of staff and deputy executive director of the National Association of Hispanic Real Estate Professionals (NAHREP) and Pamela Valenciano, incoming president of North County San Diego NAHREP appear as special guests on ESPN 1700 AM Radio on Lunch n’ Learn hosted by Eran Sinai. Ms. Calderon takes a direct role in the…

Tight Credit, Fees Reduce Latino Homeownership

by David Morrison The National Association of Hispanic Real Estate Professionals blamed more stringent underwriting standards and higher mortgage fees for driving down the numbers of Hispanics who own homes. The group’s State of Hispanic Homeownership Report surveyed 100 leading Hispanic Realtors in the U.S. and asked them what most stands in the way of…

The President’s FHA Fee Move Gets Kudos

Growth potential among immigrants is substantial By Maria Patterson Gary Acosta has an ambitious goal for his organization–one he has no doubt will be achieved. “NAHREP established a goal to double the number of Hispanics in real estate and mortgage lending over the next 10 years,” explains Acosta, co-founder and CEO of the National Association…

What immigration reform means for housing

Growth potential among immigrants is substantial by Kristin Messerli With the recent announcement of President Obama’s Executive Order on immigration reform, responses from both sides of the political spectrum have been mixed. However, the reform can be expected to spur new opportunities for growth in the housing market. Last Thursday, President Obama made the heavily…

What Obama’s Immigration Plan Means for Mortgage Lenders

by Evan Nemeroff President Obama’s executive action to address immigration reform will most certainly be challenged by Congressional Republicans, but the move could spark broader efforts that may ultimately benefit the mortgage industry. Specifically, giving roughly 5 million immigrants at least temporary relief from deportation could conceivably ease lenders’ and borrowers’ qualms about mortgages to…

Immigration changes could boost housing sales

by Roberta Fuchs President Barack Obama’s decision to weather a Republican backlash and reform immigration regulations could have a significant impact on the housing market. In allowing millions of undocumented residents to work legally and avoid the threat of deportation, Obama is opening a door to a sector of society formerly living in the shadow…