CAHREP NewsletterSeptember 2010
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Mission Statement:  To increase the sustainable Hispanic homeownership rate by empowering the real estate professionals that serve Hispanic consumers


FRIDAY,  SEPTEMBER 10 (8:30-10:30am)

In This Issue
New Members
Breakfast Info
Statwewide Conference
Thanks to Our
August Breakfast Sponsor
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New or Renewed Members

Enrique Eguiarte
CTA Architects

James Peters
Advantage Realty Team

Cinthia Manzano
Frascona, Joiner, Goodman and Greenstein, P.C.

Small Business
Land Title Guarantee Company

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Make sure to check out our job board through
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Board of Directors 
Ask if your real estate professional (buying or listing broker, lender, title co., insurance agent)  is an active member of CAHREP.
Let's Get Colorado Represented. Let us know if you will be attending!

  Denver Athletic Club
1325 Glenarm Pl.
Denver, Co 80203
  (Only $3 Parking for Attendees)

Breakfast Topic

Understanding Assessor Data
from an Appraiser's Perspective

Tom Kammer

Tom will walk you through how to review a property and its characteristics from the appraisers perspective. With 19 years of experience as a Real Estate and Market Analyst, Tom is sure to answer your questions and assist you in understanding the market today.

Buffet Breakfast Included

Members Free
Guests $20
2010 Statewide Conference Registration Giveaway
Gift Card Giveaway by KB Home

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2010 Statewide Conference
Discover the New Hispanic Real Estate Market
September 23, 2010
PPA Event Center 
2105 Decatur Street
Denver, Colorado 80211
Registered yet? Click here 
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CAHREP's 4th Annual State Conference is promising to be a great quality event for all participants. CAHREP leadership has made sure each component of the conference will nurture an environment of learning, networking and professional development for everyone.
- The PPA Event Center provides for a geographical central location with free parking and accessibility from all major arteries. The layout of the facility will also offer centralization to all of the day's speakers and presentations as well as immediate access to the vendor booths.
-CAHREP has exherted extra efforts in bringing the highest of quality presenters to this year's conference. In keeping with tradition,
NAHREP's President will be present. Our featured speaker Dr. Ramesh Kochhar associate analyst from the Hispanic Pew Center will focus on the demographic and economic characteristics of Hispanics in the U.S. Key demographic issues that will be covered include the size and growth of the Latino population, in the past and in the future, its geographic dispersion, and the role of immigration, legal or otherwise, in this process. Luncheon Sponsored by Wells Fargo

Latest News- Kurt Usowski, Ph. D., Deputy Assistant Secretary for Economic Affairs in HUD's Office of Policy Development and Research has been confirmed to address the conference regarding the latest HUD policy, trends and matters affecting home ownership in the country.
CE Credit - Tom Ninness will be talking about the ABC's of underwriting changes and sales mastery through effective business planning, this class will be morphed into one to offer CE Credits
Top Producer Panel- Best practices and adaptation
strategies and practices will be discussed from a national and local perspective from a first hand account on succeeding in today's market.  
Closing Reception-
CAHREP is combining the monthly Business After Hours Mixer with the closing reception for the conference at the VQ Hotel just down the block from the PPA. The cover band Chilli Willi wil be providing your entertainment.
 Free to conference attendees and CAHREP Members. All others $10. Sponsored by Williams Title.


Vendors: Click Here for Booth Registration Form

 Sponsorships Still Available
Contact Vanessa Guzman at or
Rogelio Rodriguez at

Latinos, African Americans More Than Half of All California Foreclosures
Latinos and African Americans in California have experienced significantly higher foreclosure rates than non-Hispanic borrowers in the state, according to first-of-its-kind research released today by the Center for Responsible Lending.

As a result, these communities represent more than half of all foreclosures, with 48% of foreclosures on Latinos and 8% on African Americans. These borrowers were more likely to receive higher-cost subprime mortgages with loan terms that typically increased the risk of default, compared with safer loans made to similarly situated non-Hispanic white borrowers.
The report, Dreams Deferred: Impacts and Characteristics of the California Foreclosure Crisis analyzed more than 600,000 foreclosures in the state and also found that over three-quarters of all California foreclosures were on relatively modest properties, not "McMansions" as often believed. Major cities like Los Angeles and Sacramento have suffered the greatest number of foreclosures along with communities in the Central Valley and Inland Empire. For a copy of the report, go to:

HUD Announces First Look Program
HUD announced an unprecedented agreement with the nation's top mortgage lenders to offer selected state and local governments, and nonprofit organizations a "first look" or right of first refusal to purchase foreclosed homes before making these properties available to private investors.
The National First Look Program is a first-ever public-private partnership agreement between HUD and the National Community Stabilization Trust (Stabilization Trust). In collaboration with national servicers, Fannie Mae, and Freddie Mac, the First Look program is intended to give communities participating in HUD's Neighborhood Stabilization Program (NSP) a brief exclusive opportunity to purchase bank-owned properties in certain neighborhoods so these homes can either be rehabilitated, rented, resold or demolished.
NSP grantees, which include state and local governments and non-profit organizations, often find themselves competing with private investors for real estate-owned (REO) properties, which can hinder their efforts to stabilize neighborhoods with high foreclosure activity. With HUD and the Stabilization Trust working with national servicers, Fannie Mae, and Freddie Mac, will standardize the acquisition process for NSP grantees, giving them an exclusive option to purchase foreclosed upon homes in certain targeted neighborhoods.
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