Skip to main content

Silvergate ventures south of the border

National Mortgage Professional
Sep 13, 2005

NAHREP supports new GSE goals for mortgages to underserved homebuyersMortgagePress.comNAHREP, The National Association of Hispanic Real Estate Professionals, HUD, U.S. Department of Housing and Urban Development The National Association of Hispanic Real Estate Professionals (NAHREP) applauded the increased goals announced by the U.S. Department of Housing and Urban Development requiring 400,000 more mortgage fundings by Fannie Mae and Freddie Mac to low- and moderate-income borrowers in underserved areas during the next four years. The new goals are intended to increase the percentage of business devoted to underserved homebuyers by the government-sponsored companies. With the Hispanic homeownership rate still a full 25 percentage points below the non-Hispanic White rate, NAHREP is focused on ensuring that Hispanic families are getting equal access and that the GSEs are giving appropriate emphasis to the nation's largest minority population. Four hundred thousand more new mortgages to low- and moderate-income families is a great start and we applaud HUD for setting new stretch targets, said NAHREP Chair and Cofounder Gary Acosta. However by not including specific incentives for minority loans, we feel that HUD is missing a tremendous opportunity to advance President Bush's goal of increasing minority homeownership by 5.5 million families by the end of the decade. For more information, visit
Sep 13, 2005
Fidelity National Financial Hit By Cyberattack

Industry-leading provider of title insurance and settlement services radio silent on reported breach.

Nov 28, 2023
Citizens Bank Bids Farewell To Wholesale Mortgage Channel

In a strategic pivot, the Providence-based banking giant will stop accepting new wholesale mortgage submissions.

Nov 16, 2023
Surprising Surge In Mortgage Customer Satisfaction, J.D. Power Study Reveals

Study found first-time homebuyers were harder to satisfy, customers don't just shop rates.

Nov 16, 2023
Women Continue To Defy Homebuying Challenges, Representing 22% Of The Market, Survey Finds

Young, educated, diverse, and increasingly savvy, women homebuyers navigate homeownership hurdles with determination.

Nov 15, 2023 Stays Bullish On Industry Disruption Amid Q3 Losses

Despite a $340 million Q3 loss,'s leadership emphasizes cost reductions, automation, and investment in technology.

Nov 15, 2023
Fannie Mae Extends Rent Payment Pilot

Positive Rent Payment program offers financial stability and opportunities.

Nov 14, 2023