The National Association of Hispanic Real Estate Professionals (NAHREP), the nation's largest housing industry trade group for Latinos, has entered into a two-year partnership with Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc.
The partnership will provide training on private mortgage insurance solutions to the association's 20,000 members, according to NAHREP officials, who announced the transaction at the group's national convention this week.
Under the agreement, Radian will develop a nationwide training program that educates NAHREP member agents and lenders about private mortgage insurance through on-demand training, face-to-face sessions, and video and interactive webinars in order to better inform Hispanic consumers.
According to the Harvard Joint Center for Housing Studies, Latinos are expected to constitute 40% of the 17 million new households formed from 2010 to 2025 – meaning the partnership comes at a time when the market is entering an era where Latinos are emerging as a consumer force.
