Latino first-time home buyers have a champion - Leonardo Simpser

“Simpser holds a key position in the American mortgage market. He is managing director of the Hispanic National Mortgage Association, a major new funding channel connecting Latinos and other communities with Wall Street and the global capital markets.

Latino first-time buyers not only constitute the fastest-growing segment of the market, but they are also among the most vulnerable to curve ball pitches from subprime mortgage lenders and brokers. Many Latinos, especially recent immigrants, have low FICO credit scores — or no scores at all — and appear to be less creditworthy than they are in reality, says Simpser.”

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