Las Vegas-based Alterra Home Loans
has announced that its Legacy Division is opening branches in Atlanta, Dallas and Baton Rouge, La., as part of an effort to increase homeownership among African-Americans.
"The African American homeownership percentage rate today is only 43 percent and this is 20 percent below the national average," said Slayton. "Today, less than one percent of all mortgage originators in America are African-Americans. This is a problem that cries out for a solution and I'm honored to lead that effort through Alterra's Legacy Division.”