HNMA, Wells Form JV to Aid Hispanics

The Hispanic National Mortgage Association, San Diego, and Wells Fargo Home Mortgage, Des Moines, Iowa, have announced the formation of a joint venture that will offer traditional mortgage products and services as well as special assistance for Hispanic and nontraditional customers.The joint venture, Ilumina Mortgage LLC, will cater to Hispanic and other immigrant borrowers by providing a culturally sensitive environment, HNMA and Wells Fargo said. "At Ilumina, customers will deal with experienced bilingual mortgage counselors, who are trained to understand the nontraditional circumstances of these borrowers," said Leonardo Simpser, managing director of HNMA. "They will have access to flexible mortgage programs, at competitive rates, all offered by a trustworthy, world-class lender." The organizations can be found on the Web at http://www.hnma.com, http://www.wellsfargo.com/hipotecas, and http://www.iluminamortgage.com.