Items Tagged with 'Hispanic homeownership'

ARTICLES

  • Urban Institute: Gap slowly closing for Hispanic homeownership

    The rate of Hispanic homeownership is up, but a gap persists
    A recent study by Urban Institute shows that only two U.S. cities have successfully closed the gap between Hispanic and non-Hispanic white ownership. In order to analyze the disparity, Urban Institute studied the 100 U.S. cities with the largest number of Hispanic households. Here's what they found.
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  • WaPo: Prepare for "significant economic consequences" if the mortgage market can't better serve minorities

    Our mortgage system needs an overhaul to help people of color
    The mortgage industry has historically underserved people of color, and if it can’t figure out a way to properly address the problem, the economy as a whole will suffer. This from a recent article in The Washington Post co-authored by three prominent industry analysts who enumerate the ways in which Hispanics in particular are being shut out of the housing market and the consequences the nation may face.
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  • Hispanics accounted for the majority increase in U.S. homeownership

    NAHREP's State of Hispanic Homeownership Report details strength and scope of Hispanic market
    The National Association of Hispanic Real Estate Professionals released the 2018 State of Hispanic Homeownership Report on Tuesday at the 2019 Housing Policy & Hispanic Lending Conference, shedding light on characteristics that shape the housing choices of this growing demographic.
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  • From HW Magazine

    The business case for affordable lending

    Lenders see compelling growth with products aimed at LMI borrowers
    For most lenders, 2018 has been a tough year for their mortgage origination business. Creative new approaches like the Affordable Lending Pilot Program are needed if mortgage lenders are going to expand their business, and underserved borrowers present a significant opportunity for lenders willing to think outside their typical credit box.
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  • Here’s how mortgage lenders are reaching Hispanic Millennial borrowers

    Lending experts explain what they're doing to reach Hispennial borrowers
    The face of the mortgage borrower is changing and Hispanic Millennial, or Hispennial, borrowers are increasingly buying more homes. During a panel at the NEXT Mortgage Technology conference, experts from three mortgage companies explained what they’re doing to reach this growing demographic.
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  • Hispanic community continues to drive homeownership growth

    But here’s what’s still holding them back
    The Hispanic community continues to drive homeownership growth in the U.S. In fact, Hispanics became the only demographic to have increased their homeownership rate for the last three consecutive years. However, several factors are still holding them back from further homeownership gains.
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  • Increase in minority income pushes homeownership rate higher

    Rising income reduces effect of rising home prices
    Real median household income in the U.S. increased for the second year in 2016, and hit the highest level ever recorded. Two minority household segments saw the highest increases, which could explain the surging homeownership rates seen last year among Hispanics.
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  • New American Funding commits to increasing Hispanic homeownership

    Looks to achieve 50% homeownership rate
    New American Funding announced its new commitment with the National Association of Hispanic Real Estate Professionals to work towards increasing the Hispanic homeownership rate. This commitment ranges, from offering more Hispanics mortgages, to hiring and training those without experience to become mortgage professionals.
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