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By 2040, it is estimated that 20 percent of the population will be over 65 years old,” said HUD Secretary Marcia Fudge in August 2022. “We Department of Housing and Urban Development (HUD) has shown that it’s paying attention to the emerging housing needs of an older population by creating programs that allow for age-minded home renovations.
Looking forward, US Census data projects that more than one in four Americans will be Latino by 2060, and the Urban Institute expects Latinos to drive 70% of new homeownership growth between 2020 and 2040. Jesus Cruz is Vice President of Community Lending for loanDepot.
Prior to NEO Home Loans, Mettle served as senior vice president, director of physician lending at Fairway Independent Mortgage Corporation. With over 20 years of mortgage experience, Mettle has dedicated his career to the mortgage industry. Josh Mettle: Inflation robs from the lender and gives to the borrower.
Because these solutions handle all operational logistics and resources, they open up new lending options, which many local lenders would likely not build on their own due to the associated cost, resources required, compliance burden, access to secondary market investors needed and more. Changing the trajectory of American homeownership.
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