The National Association of Hispanic Real Estate Professionals blamed more stringent underwriting standards and higher mortgage fees for driving down the numbers of Hispanics who own homes.
The group's State of Hispanic Homeownership Report surveyed 100 leading Hispanic Realtors in the U.S. and asked them what most stands in the way of Hispanics' abilities to buy their own homes. The Realtors ranked tight mortgage credit, housing affordability and down payments as the three leading barriers to Hispanic homeownership.
The group found that despite 54,000 new Hispanic homeowners in 2014, the rate of Hispanic home ownership dropped to its lowest level since 1999.
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