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Hispanic Homeownership Mortgage Professionals
Mortgages and Home Loans - The National Association of Hispanic Real Estate Professionals and the National Council of La Raza released “Saving Homes, Saving Communities: Latino Brokers Speak Out on Hispanic Homeownership,” a joint report offering analysis on the impact of predatory lending practices on Hispanic homeownership and an insider’s view on ways to reduce and discourage such practices. The report’s findings and recommendations were derived from roundtable discussions with 56 NAHREP members, who are practicing mortgage professionals in six U.S. cities with high concentrations of Hispanic homeowners.
Some of the contributing factors of predatory lending practices identified by the participants include insufficient licensing standards, a lack of continuing education and flexible mortgage products, and unequal broker compensation rates for different types of loans.
Ahorre September 15, 2007 02:17 PM | ITIN Loan | Tarjetas de Credito