{"id":48038,"date":"2016-09-19T08:00:00","date_gmt":"2016-09-19T12:00:00","guid":{"rendered":"http:\/\/demo2016.hispanicprwire.com\/english-mortgage-pilot-with-freddie-mac-expands-options-for-diverse-communities\/"},"modified":"2016-09-20T16:41:02","modified_gmt":"2016-09-20T20:41:02","slug":"programa-hipotecario-piloto-con-freddie-mac-expande-opciones-para-comunidades-diversas","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/programa-hipotecario-piloto-con-freddie-mac-expande-opciones-para-comunidades-diversas\/","title":{"rendered":"Mortgage Pilot with Freddie Mac Expands Options for Diverse Communities"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p\/>\n<p><span class=\"xn-location\">TUSTIN, California<\/span>, <span class=\"xn-chron\">Sept. 19, 2016<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0<a href=\"http:\/\/www.newamericanfunding.com\/\" target=\"_blank\" rel=\"nofollow\">New American Funding<\/a> and <a href=\"http:\/\/goalterra.com\/\" target=\"_blank\" rel=\"nofollow\">Alterra Home Loans<\/a>, two national mortgage banks, announce the launch of <b><i>Your Path<\/i><\/b>, a new loan program that makes affordable homeownership opportunities available by considering the changing demographics of U.S. borrowers. Utilizing Freddie Mac&#8217;s low down payment Home Possible mortgages as its foundation, this pilot program features greater flexibility for qualifying borrowers. <\/p>\n<p>Photo:\u00a0<a href=\"http:\/\/photos.prnewswire.com\/prnh\/20160915\/408589\" target=\"_blank\" rel=\"nofollow\">http:\/\/photos.prnewswire.com\/prnh\/20160915\/408589<\/a> <\/p>\n<p>&#8220;We have a passion for making sure everyone has an equal opportunity to achieve the American dream, and we&#8217;re excited to work with Freddie Mac to create a greater pathway to homeownership for more people,&#8221; said Patty Arvielo, President of New American Funding. <\/p>\n<p>&#8220;By collaborating, we can put what matters most first, offering more options to a more diverse set of consumers, and helping them build wealth through homeownership. We are excited to collaborate with Freddie Mac and New American Funding on this effort,&#8221; commented <span class=\"xn-person\">Jason Madiedo<\/span>, CEO of Alterra Home Loans.<\/p>\n<p><b><i>Your Path<\/i><\/b> puts affordable homeownership within reach for more borrowers by taking into consideration a wider range of factors than traditional underwriting methods, including the needs of self-employed borrowers, seasonal employees, and multi-generational households. <\/p>\n<p>&#8220;As we look to support responsible lending, provide sustainable homeownership, and improve access to credit for American families, we recognize that borrower demographics are changing and that traditional underwriting methods don&#8217;t account for some of today&#8217;s borrower characteristics,&#8221; said <span class=\"xn-person\">Danny Gardner<\/span>, Freddie Mac&#8217;s Vice President of Affordable Lending and Access to Credit. &#8220;We conducted this pilot to evaluate underwriting features that account for borrower preferences, household formation trends, and other financial considerations as part of our commitment to building a better Freddie Mac and a better housing finance system.&#8221;<\/p>\n<p>An official announcement will take place during the National Association of Hispanic Real Estate Professionals (NAHREP) National Convention, which happens in <span class=\"xn-location\">Los Angeles, CA<\/span>, from <span class=\"xn-chron\">September 19<\/span> \u2013 20, 2016.<\/p>\n<p><b>About New American Funding <\/b><\/p>\n<p>New American Funding is a Freddie Mac, Fannie Mae and Ginnie Mae Direct Seller\/Servicer, FHA Direct Endorsement and VA Automatic mortgage lender.\u00a0 The company is licensed in multiple states across the nation, has over 100 branch locations and offers a variety of purchase home loan and refinance loan options, including: Conventional, FHA, Cash Out, Fixed Rate and Adjustable Rate Mortgages, VA, HARP 2.0, Jumbo, and Reverse Mortgages. <\/p>\n<p><b>About Alterra Home Loans<\/b><\/p>\n<p>Alterra Home Loans is a minority-owned, <span class=\"xn-location\">Nevada<\/span>-based retail lender that provides mortgage loans and refinancing services to new and existing homeowners. With offices in ten states, Alterra is committed to helping consumers &#8220;build wealth through homeownership&#8221; by offering high quality financial mortgage solutions that are supported by sophisticated tools, better processes and innovative products. Alterra&#8217;s inclusive approach to mortgage lending is focused on helping consumers of all cultures, especially those that are underserved, attain financial security and create a better life for themselves and their children by achieving the American Dream.<\/p>\n<p>RELATED LINKS\u00a0 <br \/><a href=\"http:\/\/www.newamericanfunding.com\/\" target=\"_blank\" rel=\"nofollow\">www.newamericanfunding.com<\/a>\u00a0 <br \/><a href=\"http:\/\/www.goalterra.com\/\" target=\"_blank\" rel=\"nofollow\">www.goalterra.com<\/a>\u00a0 <br \/><a href=\"http:\/\/www.freddiemac.com\/\" target=\"_blank\" rel=\"nofollow\">http:\/\/www.freddiemac.com<\/a><\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p \/>\n<p><span class=\"xn-location\">TUSTIN, California<\/span>, <span class=\"xn-chron\">Sept. 19, 2016<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0<a href=\"http:\/\/www.newamericanfunding.com\/\" target=\"_blank\" rel=\"nofollow\">New American Funding<\/a> and <a href=\"http:\/\/goalterra.com\/\" target=\"_blank\" rel=\"nofollow\">Alterra Home Loans<\/a>, two national mortgage banks, announce the launch of <b><i>Your Path<\/i><\/b>, a new loan program that makes affordable homeownership opportunities available by considering the changing demographics of U.S. borrowers. Utilizing Freddie&#8230;<\/p>\n","protected":false},"author":1,"featured_media":48039,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-48038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/48038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=48038"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/48038\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/48039"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=48038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=48038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=48038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}