New Community Program to Increase Homeownership in Tucson Announced Today
14 Octobre 2014 - 7:00PM
Business Wire
—Ready, Set, Own! initiative connects
prospective homeowners with local resources—
Ready, Set, Own!, a new community program created to help more
people in Tucson become homeowners, was announced today at a press
conference featuring executives from Radian Guaranty Inc., Tucson
Mayor Jonathan Rothschild and the local housing, credit counseling
and lending community. Ready, Set, Own! is designed to assist
potential homeowners by providing them with the information and
resources they need to begin the path toward sustainable and
responsible homeownership. The program is sponsored by Radian, a
provider of private mortgage insurance, which enables homebuyers to
purchase a home with less than a 20 percent downpayment. Tucson was
selected as the pilot city for the Ready, Set, Own! program, which
may expand to additional communities across the United States.
Ready, Set, Own! brings together local housing, lending and
credit counseling resources to develop a personalized plan that
results in successful homeownership for anyone wishing to buy a
home. The all-encompassing approach is open to everyone, regardless
of financial status, and is entirely free.
As a key component of the program, Ready, Set, Own! participants
will be paired with local credit counselors and mortgage lenders to
create a mutually supportive team of three who work together on the
individual’s step-by-step plan toward homeownership. These
co-mentors and strategic guides will provide assistance with the
qualifications process, credit and debt issues and establishing a
downpayment savings plan.
"Tucsonans considering buying a home need good information,"
said Mayor Rothschild. "I'm very pleased that Tucson will be the
first city to launch the Ready, Set, Own! homebuyer assistance
program."
“The American dream of owning a home is the cornerstone of
vibrant, healthy and happy communities,” said S.A. Ibrahim, CEO of
Radian. “At Radian, our goal is to help people from all walks of
life and all financial backgrounds to responsibly achieve that
dream, but we know it isn’t always easy. Potential homebuyers
sometimes need resources and guidance to help them on their way,
and the Ready, Set, Own! campaign is designed to empower them with
the knowledge and preparation they need to turn homeownership into
a reality.”
“The decision to buy a home is one of the most important
financial decisions a person can make,” said Ray Desmond, President
and Founder of NOVA Home Loans. “We’re proud to serve as mentors
for the Ready, Set, Own! program and believe this campaign will
provide clarity and opportunity for anyone considering
homeownership in Tucson. We know that by helping more people own
their own homes, our entire community stands to gain as
homeownership has been tied to significant economic, social and
civic benefits.”
Radian selected Tucson for this program because it was a market
hit particularly hard by the recent housing crisis, with the
homeownership rate falling to a recent historic low of less than 50
percent. The long-term goal of the program is to restore the local
homeownership rate to 55 percent, the level it was averaging
shortly before the recession. The national homeownership rate, by
comparison, currently sits at 64.7 percent.
Ready, Set, Own! is open to any and all national, state and
local organizations, businesses, groups or even individuals who
want to support the program and give help to potential homeowners
in Tucson. Current Ready Set Own! partners include the Primavera
Foundation, Habitat for Humanity Tucson, Family Housing Resources,
Chicanos por la Causa, Nova Home Loans and V.I.P. Mortgage.
In addition to support from Mayor Jonathan Rothschild and the
City of Tucson, Ready, Set, Own! has also received endorsements
from: America’s Homeowner Alliance, Pepper Viner Homes, Keller
Williams Realty, La Frontera Housing, the National Association of
Mortgage Brokers, the Southern Chapter of the Arizona Association
of Mortgage Professionals and the Southern Arizona Mortgage Lenders
Association.
Tucson residents who want to participate in Ready, Set, Own! and
those who would like to support the program through a partnership
or endorsement can visit www.readysetowntucson.com to learn more
and sign up.
About Radian
Radian Group Inc. (NYSE: RDN), headquartered
in Philadelphia, provides private mortgage insurance and
related risk mitigation products and services to mortgage lenders
nationwide through its principal operating subsidiary, Radian
Guaranty Inc. These services help promote and preserve
homeownership opportunities for homebuyers, while protecting
lenders from default-related losses on residential first mortgages
and facilitating the sale of low-downpayment mortgages in the
secondary market. Additional information may be found
at www.radian.biz.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20141014005149/en/
Radian Group Inc.Media Contacts:Andrea Hurst,
405-487-7721ahurst@cvic.comorLori Guyton,
901-277-6066lguyton@cvic.com
Radian (NYSE:RDN)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Radian (NYSE:RDN)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024