Freddie Mac Works With NAHREP Partners to Launch Joint Loan Program

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…

Women’s Progress through Homeownership

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…

NAHREP corporate member VantageScore to offer alternative credit scoring, could yield millions of new Latino homeowners

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…