Latest news with #NAHREP
Yahoo
3 days ago
- Business
- Yahoo
CCM Latino Originators Recognized Among Nations Best on NAHREP Top 250 List
CLEVELAND, May 28, 2025 /PRNewswire/ -- CrossCountry Mortgage (CCM), the Nation's #1 Retail Mortgage Lender, made its strongest showing yet on the 2025 National Association of Hispanic Real Estate Professionals (NAHREP) Top 250 Latino Mortgage Originators list, with 17 loan officers earning recognition — a 21% increase over last year. This year's list highlights standout Hispanic leaders across the country, including Terri Santiago-Parker, who ranked #1 in the Northeast Region for the second consecutive year. In the Southwest Region, Chris Leon and Lizy Hoeffer took the top two spots, ranking #1 and #2, respectively. Rodrigo Ballon and Julio Silva were also recognized in NAHREP's Top 100 Latino Mortgage Originators by Volume, earning the #4 and #6 positions. "Helping more Hispanic and Latino families achieve the dream of homeownership is not just a goal at CCM — it's a commitment we're proud to deliver on," said Ron Leonhardt, Founder and CEO of CCM. "Representation on this list is an honor, but what matters most is the real impact behind it. I'm proud of our team and ready to do even more in 2025." NAHREP's Top 250 list honors mortgage professionals who are helping drive sustainable homeownership for Latino families, based on the number of closed mortgages during the 2024 calendar year. In 2024, CCM helped nearly 14,000 Hispanic families purchase homes, funding a record $5 billion in home loan volume within those communities. CCM continues to invest in tools, resources and partnerships that provide authentic, focused support to Hispanic homebuyers — building borrower confidence and expanding access to homeownership. The company is a national partner of NAHREP and actively participates in its annual homeownership and wealth building conference each year. "These professionals represent the backbone of Latino homeownership growth in the U.S.," said NAHREP National President Oralia Herrera. "They have guided thousands of families through a tough housing market, proving that trust, market expertise, and deep community ties are the true drivers of success in this industry." For more information about CrossCountry Mortgage, visit About CrossCountry MortgageCrossCountry Mortgage (CCM) is the nation's number one distributed retail mortgage lender with more than 7,000 employees operating over 700 branches and servicing loans across all 50 states, D.C. and Puerto Rico. Our company has been recognized ten times on the Inc. 5000 list of America's fastest-growing private businesses and has received many awards for our standout culture. We offer more than 120 mortgage, refinance and home equity solutions – ranging from conventional and jumbo mortgages to government-insured programs from FHA and programs for Veterans and rural homebuyers – and we are a direct lender and approved seller and servicer by Freddie Mac, Fannie Mae, and Ginnie Mae (NMLS #3029). Through our dedication to getting it done, we make every mortgage feel like a win. Contact: Natalie LonjakDirector, Corporate View original content to download multimedia: SOURCE CrossCountry Mortgage
Forbes
14-04-2025
- Business
- Forbes
Hispanic Homeownership Hits Record High: A Wake-Up Call For Brands
A recent report released by the National Association of Hispanic Real Estate Professionals (NAHREP) sheds light on the state of Hispanic homeownership in America in 2024. Drawing from both publicly available data and insights from real estate practitioners within the NAHREP network, the report aims to tell the evolving story of Hispanic homeownership. It highlights key trends in homeownership growth, including barriers, opportunities, and cultural nuances influencing Hispanic consumers. These insights help shape NAHREP's policy priorities for legislative and administrative actions, while guiding industry efforts to reduce barriers and expand homeownership opportunities. Despite rising home prices and high interest rates, the number of Hispanic homeowners in the U.S. reached a record 9,781,000 in 2024—representing 49% of all Hispanic households. Although this figure is slightly below the 49.5% reported in 2023, it reflects a net gain of 238,000 new Hispanic homeowners over the past year. These 238,000 new homeowners accounted for 35% of the nation's total net growth in homeownership, a disproportionately high share compared to the overall Hispanic population, which makes up approximately 15% of U.S. households. This means Hispanics are punching above their weight in driving homeownership growth. Despite accounting for only 36% of total households, non-white households represented 82% of all new household formations in the U.S. This indicates the increasing importance of multicultural segments in shaping the future housing market. One particularly striking data point is that Hispanics formed 676,000 households in 2024, accounting for 43% of all new household formations in the country. However, many of these households opted to rent instead which contributed to the slight dip in the Hispanic homeownership rate from 49.5% to 49%. The growth in Hispanic homeownership over the past decade has been remarkable. In 2014, only 6,864,000 Hispanic households owned a home. By 2024, that number had increased by nearly 3 million—a 42% increase in just ten years. According to the report, this sustained growth is driven by several factors: greater mobility to relocate to more affordable regions, innovative financing solutions, and a strong cultural commitment to achieving the American Dream. With a median age of 31, Hispanics are young compared to the general population, and 43% of Hispanic homebuyers in 2024 were under 45 years old. By comparison, only 38% of non-Hispanic homebuyers are under the age of 45. Nearly half of Hispanic heads of households belong to the Millennial or Gen Z generations. Geographically, Texas continues its long-standing trend as the state with the largest increase in Hispanic homeowners. Interestingly, less traditional markets like St. Louis, Pittsburgh, and Wichita have also emerged as popular destinations due to more affordable housing options and lower costs of living. The report emphasizes that the economic influence of the U.S. Hispanic population is growing faster than its size. As the country faces economic uncertainty and potential recession, the Hispanic consumer segment stands out as a critical driver of sustainable business growth. Moreover, the ripple effect of increasing Hispanic homeownership extends beyond the real estate sector. It fuels growth across industries such as financial services (mortgages and insurance), construction and building materials, home improvement, appliances, furniture and décor, legal and professional services, utilities, moving and storage, technology, and smart home devices. Gary Acosta, Co-Founder & CEO of NAHREP, states: 'Despite record high prices, tight inventory, and rising interest rates, the resilience and determination of Hispanics have led to record levels in homeownership and household formation. But this progress is not guaranteed. We must address the affordability crisis and remove systemic barriers to ensure that every Latino family has a fair shot at achieving the American Dream.' The findings from the 2024 NAHREP report present a clear and urgent call to action for advertisers: the U.S. Hispanic segment is not just growing—it is driving the future of homeownership and household formation in America. With nearly 10 million Hispanic homeowners and a youthful, upwardly mobile population forming households at record rates, this demographic represents one of the most powerful and untapped engines of economic growth. Brands that recognize this moment and strategically invest in culturally relevant, data-informed marketing will be best positioned to earn the trust and loyalty of this influential audience. The time to act is now. As the Hispanic consumer base continues to expand in size, wealth, and influence, those who delay will fall behind. This is more than a market trend—it's a defining opportunity for brands to align with the values, aspirations, and economic power of the next generation of American consumers.
