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Published on Jul 18, 2016
Meet Keila and Lorenzo Santel, who were able to purchase their first home with the help of Hogar Hispano Inc. In 2013, Hogar Hispano Inc. purchased non-performing mortgages from Citi for 34% of the value - one of the largest transactions of its kind between a financial institution and a national nonprofit organization. The transaction enabled 120 families to purchase their first home and helped 318 homeowners at risk of foreclosure stabilize their finances and stay in their homes.