Lenders giving Latino market more attention
Tagged: Banking, HIVPosted on: April 2nd, 2007“Five years ago, the Latino home-buying market was largely an invisible one. Now, it is not just a so-called “emerging” segment of the housing market, it is a market unto itself. But its one that still needs to be reckoned with.
Back then, many Latinos had the capacity to become owners, but the mortgage business didn’t see them. Some wannabe owners didn’t speak English, so they had no idea what the home-buying process was all about. Others didn’t participate in the American banking system, so they had not established the all-important credit histories lenders required to determine if they were creditworthy.”
Curation from Tomás
Filed Under: Business, Top Stories, Your Money
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