Arizona Republic (AZ) (09/30/08); Anderson, J. Craig
At the recent meeting of the National Association of Hispanic Real Estate Professionals in Phoenix, FHA Commissioner Brian Montgomery talked about how Latinos are highly vulnerable to foreclosure, with 47 percent of home buyers in this ethnic group obtaining subprime mortgages two years ago versus 18 percent of non-Hispanic whites. Housing Finance Board Chairman Ronald Rosenfeld, meanwhile, encouraged real estate professionals to focus on financial literacy and assist struggling homeowners. According to Montgomery, the federal housing bill passed this summer will establish a pilot program to develop databases that take into consideration timely rent and utility payments.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment