Denver Athletic Club

1325 Glenarm Pl.

Denver, Co 80203

Monthly Breakfast Meeting

April 1, 2011

Special Guest Speaker  

Rick Garcia, HUD Regional Administrator 

Topic: Issues affecting affordable and sustainable housing 

   

Our discussion panel will consist of Charlene M. Dombrosky, Director or the HUD Denver Single Family Homeownership Center and Debra Green of Realty Exucutives of Aurora who will discuss purchasing HUD properties through the new M&M III program.

Register Now 

March 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 March meeting was a membership drive sponsored by Wells Fargo Home Mortgage with about 100 people in attendance.  CAHREP President Rogelio Rodriguez opened the meeting reporting on the NAHREP Multicultural Conference held in Washington D.C. the week before.  He spoke of "The Five-Point Plan - Refocusing the Future of Minority Home Ownership"  advocating for diversity in financial services, preserving the important role in secondary mortgage finance, protect consumers and restore market confidence/ The Consumer Financial Protection Bureau, and mandatory home buyer education for all first time buyers.

Denver Mayor Guillermo (Bill) Vidal then moved the audience with some insights into his personal history, including the fact that he and his brother left Cuba ahead of the rest of his family and some of the challenges the family faced, his aspirations for the city of Denver, and his appreciation for the work of CAHREP members to increase sustainable homeownership among the Latino community.

Board elections were held and all 4 candidates were elected to the CAHREP board of directors for terms of 2 years: David Hays - All Points Home Inspection, Stuart Kanchuger - Wells Fargo Home Mortgage (marketing), John Rocco - Megastar Financial, and Socrates Saldarriaga -Cherry Creek GMAC. Welcome to these members of the board of directors!

Finally, the education portion of the meeting consisted of a specialized lending products panel discussing products and features that can help buyers facing different challenges secure financing.  The panelists were Wells Fargo Home Mortgage loan officers Marc Montero, Stacey King, and Esther Talamantes Ontiveros.

Thanks to all meeting attendees.  For the guests, you will find a link to join CAHREP at www.cahrep.org.  We look forward to having you become a member and joining us at future monthly member meetings and mixers to build your network and your business! 
   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.

New census milestone: Hispanics reach 50 million

WASHINGTON - Hispanics accounted for more than half of the U.S. population increase over the last decade, exceeding estimates in most states as they crossed a new census milestone: 50 million, or 1 in 6 Americans.

Meanwhile, more than 9 million Americans checked two or more race categories on their 2010 census forms, up 32 percent from 2000, a sign of burgeoning multiracial growth in an increasingly minority nation.

The Census Bureau on Thursday released its first set of national-level findings from the 2010 count on race and migration, detailing a decade in which rapid minority growth, aging whites and the housing boom and bust were the predominant story lines.

Analysts said the results confirmed a demographic transformation under way that is upending traditional notions of racial minorities, political swing districts, even city and suburb.

Click Here for full article

Banks Spruce Up Foreclosures to Boost Sales

 RISMEDIA, March 19, 2011-(MCT)-Bill Schramm and Bethany Siwicki scoured property listings for three months before agreeing to see a home in Round Lake Beach, even though its online pictures didn't look promising.

"It looked like a piñata blew up in there," Schramm said. Every room was a different color, and the only way to tell the carpet once had been white was looking at the furniture marks.

But the home they visited bore little resemblance to the pictures. The walls were white, new carpet had been installed, and repairs made. The recently engaged couple immediately submitted an offer and are waiting to close on their first home purchase.

Sprucing up a home to sell it faster and for more money is a strategy frequently advocated by real estate agents. In this case, though, the seller is Wells Fargo Bank, and the home Schramm and Siwicki are buying is a foreclosure.

Membership Directory  

It's been a long time coming and there is much to do still but we have been working on setting up a membership directory page and live membership application. In order to update your profile go to http://cahrep.memberlodge.com and click on "forgot password". You will be asked to type in your email address. A link will be sent to your email and you can then setup your own password. You then want to go to "update profile" when you login and provide all  your information, including your photo, company logo, industry and a small description of your services. The information set up currently may be incorrect, so please make sure you correct. Your membership may have lapsed so you want to renew. If you have questions regarding your membership status, payments made or other questions, please send ua an email. I will answer as best as I can or forward to either Tracy or Deborah.

 The membership page is in the www.cahrep.org page so make sure you do your updates.

Make Plans Now!

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