I did want to take the opportunity to put in a few words regarding the Multicultural Real Estate and Policy Conference I just attended in Washington DC the first week of March 2011. NAHREP , AREAA (Asian Real Estate Association of America) and NAREB (National Association of Real Estate Brokers), together representing more than 70,000 members, brought the issues affecting our real estate markets straight to Capitol Hill. The Five-Point Plan was presented to the representatives in both the House and Senate. It explains the issues and recommends the actions that our government should take to make sure the future of minority homeownership is a bright one. Make sure you download a copy of the Plan by clicking here.
The challenges that are presented by current market conditions have been and will continue to be felt locally. From increasingly underwriting guidelines for financing to the callenges of closing on a short sale transaction, it is paramount that you, the professional, are informed and capable of providing the best service possible to your clients. CAHREP is here to provide access, tools and development to make sure you do so. However, it is up to you to get involved, participate and become part of something larger than one person, stronger than one company. Become a member and discover the value of the organization that seeks to keep sustainable homeownership a reality for our Hispanic community.
Say Hi to our New Members
Please welcome our newest members:
Colorado Housing Assistance
Northeast Denver Housing Center
Susie Jo Taylor
Need to Renew or New Membership?
$125 Only Through March 11
Make sure to check out our job board through
Photos from the CAHREP & Latina Chamber Business After Hours
Feb 23, 2011
IT DOES MATTER WHO YOU DO BUSINESS WITH!!
Ask if your real estate professional (buying or listing broker, lender, title co., insurance agent) is an active member of CAHREP.
Denver Athletic Club
1325 Glenarm Pl.
Denver, Co 80203
(Only $3 Parking for Attendees)
Monthly Breakfast Meeting
March 11, 2011
Special Guest Speaker
Denver Mayor Guillermo (Bill) Vidal
Topic: Denver's State of the Economy
Education Topic: Specialized Lending Products Panel
CAHREP's March Breakfast will be a special Membership Drive. Please note it will be on Friday the 11th. All guests are free courtesy of Wells Fargo Home Mortgage, so make sure to register yourself and your guests!
Well Fargo will have a panel of experts to discuss the different ways to get your buyers financing and closing transactions including renovation loans, Community Development Mortgage Program, down payment assistance programs and REO purchases.
Marco Montano, Renovation
Esther Talamantes Ontiveros, Down Payment Assistance
Stacey King, CDMP
We will also be having be holding our annual board elections-members, place your vote!
February Meeting Recap
We hope this section will be ongoing in 2011. CAHREP wants to keep those that were absent posted on the good information and great speakers they missed out on :) Our February meeting kicked off with an important announcement regarding the Neighborhood Stabilization Program II forHomebuyer Assistance and Housing Counseling Programs. The NSP II allows qualified, low to moderate income individuals and families to receive up to $15,000 in assistance to purchase these homes located in select census tracts within Denver. Those interested need to contact participating housing agencies.
Melissa Olson from Metrolist discussed some of the upcoming
changes to the MLS website, including helpful features for listing and finding properties. The education portion of the meeting included a lively presentation panel by speakers Bridget Langcamp and Ron Woodcock who led a discussion on doing Short Sales the Right Way. Best practices, the low-down on both the good and bad of the experiences were explained including expectations for both buyers and sellers, potential liabilities for them as well as the agent, industry trends specific to both conventional and FHA borrowers and much more. Audience participation was huge and helpful to all. Thank you to both Bridget and Ron for accommodating and of course to all who came.
There is always opportunity to network and meet industry leaders at our breakfasts. Make sure that if you did attend, you have followed up with your new contacts. As always, the DAC provides a great breakfast buffet. We look forward to your attendance at our next event.
Upcoming Home Buyer Classes
Brothers Redevelopment - 303-202-6340
March 16th - Spanish Class
March 19th - Spanish Class
March 26th - English Class
April 13th - Spanish Class
April 16th - Spanish Class
April 30th - English Class
March 5th - Aurora
March7th - Denver
March 9th - Englewood
March24th - Aurora
March 30th - Denver
April 2nd - Aurora
April 4th - Denver
April 13th - Lakewood
April 19th - Denver
April 21st - Aurora
March Business After Hours
This month CAHREP joins the Hispanic Chamber of Metro Denver for Noche Latina, a night to network and catch the Nuggets game with the San Antonio Spurs. A pre-game reception will be held in the "Locker Room Bar" at the Pepsi Center with food and refreshments (cash bar). All are welcome!
$40 Lower level corner (normally $80)
$15 Upper level center (normally $28)
The Role Of The Washington Post In The Nation's Housing Crisis
by Alejandro Becerra
A few weeks ago the Financial Crisis Inquiry Commission (FCIC) released a major report which identified the major causes of one of the worst economic crises in the nation's history: More than 26 million Americans are out of work, four million families have lost their homes, and nearly $11 trillion in household wealth has been lost.
What did the Washington Post do about reporting this important story? The Post buried it on page A14, while prominently displaying on its front page a story about the Senate Tea Party Caucus meeting for the first time. Worse, the Post's reporters undercut the report's significance by suggesting that the report did not contain "any major revelation that would fundamentally alter popular perceptions of the crisis."
Nonetheless, the Post story emphasized that there was plenty of blame to go around, with the report blaming the Federal Reserve for failing to stop dangerous lending practices and blaming derivatives known as credit default swaps for amplifying risk throughout the financial system. The Post even listed the main causes of the Republican dissenters, including the proliferation of subprime and other high-risk mortgages, as well as excessive risk and massive leveraging.
Click here for the full blog.
Make Plans Now!
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