Airbnb rolled out some changes in an effort to take business away from hotels. Mexico has about 400,000 Airbnb listings, and I mention this because today celebrates Mexico’s victory over France in the Battle of Puebla on May 5, 1862. It was a relatively minor battle (and the French reclaimed Puebla a year later) but a symbolic one because a small Mexican army defeated a larger occupying force. By 1867, Mexican troops had driven France from the country. Mexico is just one of twenty Hispanic countries, and lenders know that the rise in overall Hispanic home ownership in recent years played out in first-time home buyer numbers and many have “diversity” departments that encompass many lending facets including minority homeownership. Hispanic homeownership in the U.S. climbed significantly in 2020: There are now about nine million Hispanic homeowners in the country, according to a report released by the National Association of Hispanic Real Estate Professionals. Viva la Raza! (Today’s podcast can be found here and is this week’s is sponsored by Blend. Want to power a better lending journey from application to close? Find out how their digital end-to-end mortgage experience can help you reach your business goals.) Lender and Broker Software, Services, and Products Village Capital & Investment is excited to announce that Seth Elbaum has recently been hired to help grow its Correspondent Lending division. Mr. Elbaum has been in correspondent sales for the last 16 years, most recently at Northpointe Bank and BOKF. Village Capital is a GNMA buyer with no overlays and a consistently strong execution. You can contact Seth Elbaum.
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