SAN FRANCISCO - With the changing demographics in the U.S. - as the minority population increases in size and influence - mortgage lenders at the Mortgage Bankers Association's 91st Annual Convention & Expo held last week discussed ways to reach out to these groups.

In his speech, Department of Housing and Urban Development Secretary Alphonso Jackson cited the most recent homeownership numbers that show 51% of minorities own homes today, the highest that it has been historically. He underscored the importance of increasing this percentage by emphasizing that through homeownership, these groups are able to find stability, build equity as well as plant deep roots in the community.

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