Denver Athletic Club

1325 Glenarm Pl.

Denver, Co 80203

Monthly Breakfast Meeting

 May 6, 2011

Special Guest Speaker   

Topics to be Addressed:  

-Proposed federal regulation efforts regarding qualified residential
     mortgages (QRM)
-Federal budget cuts to HUD and foreclosure counseling
-Addressing NAHREP/AREAA/NAREB Five Point Plan: 

• A balanced regulatory approach that will support and encourage sustainable homeownership for qualified and responsible consumers seeking to purchase a home;
•  Increased diversity in the financial services arena and adequate oversight of minority business utilization and senior management hires;
• Maintaining strong government support of the secondary market system that includes the broad network of primary lenders, government-supported securitization agency, and FHA that collectively works to broaden credit availability for all communities at all times;
• Strong consumer protection oversight to restore consumer and market confidence in homeownership; and
• Mandatory financial education for all first-time homebuyers that prepares them for the responsibilities, risks and rights associated with homeownership.

 

 

Education Topic:

Effective Marketing Tools & Strategies

Presenters:

Tools to integrate social media, blogs, ecommerce and content management. 

 

 

Shadia Lemus & Erika Reyes
What works and doesn't work to reach the Latino Market.

Breafast Buffet Included
Members Free
Guests $20

 

 

 

Register Now! 

 

 

 

 

 

 

April 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 :)   

Juan Martinez, NAHREP board member and Broker/owner of RE/MAX Executives started our meeting out this month.  Gene Lucero then spoke on the importance of FHA in our market.  Next our sponsors for this month Sean Moudry, from Keller Williams and Tom Martinez and Jill Cox from First American spoke briefly about the services that they offered catering to the Hispanic market.  Our first guest speaker, Rick Garcia HUD director for a six state region, spoke about the sales of HUD homes in the area.  He provided a global view of issues affecting affordable and sustainable housing, HUD REO, and Fair Housing Month. 

Last was our discussion panel which consisted of Charlene M. Dombrosky, Director or the HUD Denver Single Family Homeownership Center, Debra Green of Realty Exucutives of Aurora, and Nancy Sullivan, Director of HUD's REO Division.  Deborah Green gave a presentation on actually selling HUD homes through the new M&M III program.

  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.

What to Watch Out for When Buying a Foreclosure: Help Your Clients Know Which to Buy...and Which to Walk By

RISMEDIA, April 7, 2011-The economy is improving overall and, as a result, some bright spots are showing up in the real-estate market. However, the foreclosure spike, which began around the same time the recession did, isn't a distant memory just yet. In many areas, foreclosures are still ha

ppening; in some areas, those numbers have increased. Surprisingly, foreclosures have even encroached into some key cities that were formerly thought to be unshakable real-estate markets - like San Francisco, where foreclosures actually rose in 2010 (including in luxury neighborhoods like Pacific Heights, where a condo that sold in 2007 for $2.3 million recently sold for $1.44 million as a foreclosure). 

Study Examines the Impact of Homebuyer Education and Counseling on Mortgage Performance

RISMEDIA, April 29, 2011-Potential homeowners who participate in pre-purchase education and counseling programs may be more likely to pay their mortgages on time, although the evidence on this point is not consistent and compelling, according to a study released today by the Mortgage Bankers Association (MBA). The study also finds that those who participate in default counseling are more likely to have their loans modified.

The study titled, "Homeownership Education and Counseling: Do We Know What Works?", which was conducted by J. Michael Collins and Collin O'Rourke of the PolicyLab Consulting Group and sponsored by MBA's Research Institute for Housing America (RIHA), examines the effectiveness of the predominant types of pre-purchase and post-purchase counseling and education, and discusses recommendations for future studies on the effectiveness of these programs.  Click Here for full article

Membership Directory  

Have you visited the Membership Directory? 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 www.cahrep.org, then the Membership Link. Once there, 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 us an email: Tracy Enslow, Treasurer at tracye6886@yahoo.com, Deborah Vela, Membership Chair at

deb@velainsures.com.

Make Plans Now!

(click image for more info)