Bay Area Multicultural Realtors MeetBy: AsianWeek Staff Report, UNION CITY, Calif. — Seventeen real-estate professional associations joined efforts for the 2008 Bay Area Multicultural Real Estate Summit on Sept. 26. Over 300 attendees participated in educational courses such as Transnational Referral Certification (led by Fanny Chu), Commercial Real Estate (led by Richard Lombardi), Natural Hazards Disclosures Legal Forum (led by Mailana Mavromatis) and Working with Multicultural Clients... Read Full Story
Here is an interesting article about what was doing Fannie Mae 9 years ago trying to puch homonwership. Fannie Mae Eases Credit To Aid Mortgage Lending By STEVEN A. HOLMES Published: September 30, 1999 In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. The action, which will begin as a pilot program involving 24 banks in... Read Full Story
I. Stabilizing the Economy The Emergency Economic Stabilization Act of 2008 (EESA) provides up to $700 billion to the Secretary of the Treasury to buy mortgages and other assets that are clogging the balance sheets of financial institutions and making it difficult for working families, small businesses, and other companies to access credit, which is vital to a strong and stable economy. EESA also establishes a program that would allow companies to insure their troubled assets. II... Read Full Story
Click here to view this Press Release in Spanish. PRESS RELEASESeptember 15, 2008 CONTACT PERSON:Juan Cabrera718-210-3203 NEW YORK, NY - Casa Latino Real Estate and Los Taxes have built a strategic alliance to promote both brands within the Latino community. Casa Latino is American's leading multicultural Real Estate brand whose mission is to help its clients achieve the American dream of homeownership. Casa Latino founder and CEO Robb Heering stated "The Casa Latino business model is the... Read Full Story
As a former real estate agent, I always advised my clients (once they were pre-approved) that for the time they were applying for a mortgage it was not a good idea to be messing with their credit. Why? Because usually the underwriter will check their credit report one more time prior to closing their mortgage application and if it is not up to the standers or the ratios have changed the application may be denied. So, for the next 45-60 days, I would say to them repeatedly, to do not open a... Read Full Story
Veteran housing counselors offer consumers information about how to overcome foreclosure, work with lenders, avoid foreclosure scams and more in the new book The American Nightmare. Free downloadable excerpts are now available at http://www.nahrep.org/american_nightmare/foreclosure-options.html. Washington, D.C. (PRWEB) September 17, 2008 -- The American Nightmare is a new book by veteran housing counselors Sylvia Alvarez and Walter Walker Jr... Read Full Story
The Greater New Orleans Fair Housing Action Center (GNOFHAC) has expanded its Hurricane Relief Project to assist homeowners affected by Hurricanes Gustav and Ike. The Hurricane Relief Project provides counseling to homeowners with issues related to insurance claims, mortgages, SBA loans, contractors, disaster recovery programs, and the Road Home Program. Homeownership Specialists are available now to help homeowners navigate through the recovery process. The GNOFHAC, in collaboration with... Read Full Story
By Bill Arce The new federal tax credit serves as an interest-free loan for first-time homebuyers or for those with no ownership interest for the last three years Signed into law last month by President Bush as part of a bigger housing bill, the federal tax credit is aimed at assisting homebuyers that are ready and willing to purchase a home but not capable to come up with the downpayment required by a bank. The law defines first-time home buyers as those who have not owned a home used as... Read Full Story
Chairman Frank and HUD Secretary Preston Negotiate DPA Agreement Chairman of the House Financial Services Committee, Barney Frank, has discussed publicly the fact that he has negotiated an agreement with HUD Secretary Steve Preston that will provide for the continuation of privately funded downpayment assistance. The agreement allows HUD to impose risk-based pricing on downpayment assistance transactions which provides Secretary Preston the fiscal protection he seeks for the FHA... Read Full Story
August 2008 Obeo is chosen for honor from more than 40 competitors by Inman Community members Obeo, a leading provider of full-service residential real estate online marketing products in North America, is the winner of the 2008 Real Estate Pacesetter Award, as voted by the Inman Real Estate Trends Group. The award was given as a part of the Inman Real Estate Olympics, a contest in the Inman Community sponsored by Stefan Swanepoel, who is widely known as a leading visionary on the... Read Full Story
