Last month, NAHREP partners New American Funding and Alterra Home Loans launched the pilot program, Your Path, at the 2016 NAHREP National Convention. Your Path is a loan program that makes affordable homeownership opportunities available by considering the changing demographics of U.S. borrowers. Your Path utilizes Freddie Mac’s low down payment Home Possible mortgages as…
By NAWRB According to the U.S. Census Bureau’s Selected Economic Characteristics, based on 2010-2014 American Community Survey 5-Year Estimates, 30.9 percent of American families headed by women with no husband present are below the poverty level. As women make advancements in the American workforce—by progressing to executive roles, achieving higher pay and eliminating longstanding barriers—the…
NCS President Maria Zywiciel was featured in the September issue of National Mortgage Professional Magazine and gave insight into the effect culture plays on marketing in the housing industry. The article takes a look at language, the concept of time, food, and music, among other factors, which should play a role in the marketing strategy…
Latinos are the drivers of American homeownership growth, with new Latino households accounting for 40 percent of U.S. household growth in 2014. The most significant barrier keeping Hispanics from participating in homeownership is limited access to mortgage credit. As a response to this problem, NAHREP corporate member VantageScore Solutions introduced an alternative model to traditional…
Gary Acosta, NAHREP CEO, was featured in Scotsman Guide News on October 22 where he outlined credit issues facing the Latino community. As the largest growth opportunity in real estate and mortgage banking, Gary stressed the importance of the burgeoning population in lifting and growing the industry due to demographic and economic trends. “Hispanics have…