What Obama's Immigration Plan Means for Mortgage Lenders

Nemeroff, Evan; Bloomberg News
November 2014
American Banker;11/24/2014, Vol. 179 Issue 180, p15
Trade Publication
The article discusses ways in which U.S. President Barack Obama's executive action regarding immigration reform could benefit the mortgage industry. Topics addressed include alleviating the concerns of lenders and borrowers about mortgages to undocumented but qualified workers, U.S. Department of Housing and Urban Development (HUD) Secretary Julian Castro's support of the initiatives, and immigrants' rapid narrowing of the home ownership gap during the 2000s.


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