“Suitability’ will Top Agenda at 2007 NAHREP Legislative Conference – National Association of Hispanic Real Estate Professionals

“Mortgage “suitability” and potential new lending standards designed to protect consumers from predatory mortgage practices will be at the top of the 2007 agenda for the legislative meeting of the National Association of Hispanic Real Estate Professionals NAHREP. The 14,000-member trade association announced the line up this week for the event that will be held on March 7-10 at the JW Marriott in Washington D.C.

Chief among NAHREPs concerns is sustainable homeownership among Latinos. The recent popularity of innovative loan programs has enabled a legion of Hispanic consumers to become homeowners and has pushed the overall homeownership rate above 50%. At the same time, the trend has sparked delinquencies and foreclosures as rates on adjustable mortgages reset and payments spike. NAHREPs forum will host key figures on all sides of the issue and will explore solutions that balance accountability and consumer protections.”

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