NAHREP 2013 Policy Position Statements
Overview
Annually, the National Association of Hispanic Real Estate Professionals® (NAHREP®) reevaluates its position on a number of key policy issues which have a direct impact on its ability to accomplish its mission. In 2013, one issue in particular is of such critical near term importance that NAHREP is compelled to issue a Call to Action to policy makers. On the subject of available inventory and the disposition of foreclosed properties, NAHREP urges policy makers to consider the solutions outlined in its Call to Action.
In addition to the Call to Action, NAHREP makes policy recommendations on three key issues:
- Balanced Mortgage Credit Rules: NAHREP believes Qualified Residential Mortgage (QRM) rules must not further restrict access to credit. QRM and Qualified Mortgage (QM) rules should be in alignment. failure to synchronize these rules will entrench the market's current dependence on government-backed lending, since private-market mortgages will be more expensive.
- FHA Solvency and Changes to Underwriting: NAHREP is in favor of changes that are necessary to support the health and solvency of the FHA fund. NAHREP urges policy makers to continue to make sustainable homeownership a national priority by ensuring that FHA preserves its critical role to America's homeowners.
- Sensible Immigration Reform: NAHREP urges common sense immigration reforms that protect our borders and create a pathway to legal residency or citizenship for individuals who have lived and worked in the U.S. for some time. NAHREP is in favor of comprehensive reform that will preserve the nation's labor pool, provide a route to citizenship of undocumented individuals and their children and thereby end the climate of hate and intolerance directed at the Latino community.
Call to Action
There has never been a better time in recent history to buy a home in the United States. Demand for homes by families with the means and desire for homeownership is stronger than it has been in years. However, Hispanic homeownership growth is threatened by large investor controlled housing markets, and the unintended consequences of government and corporate policies, like the REO to rental program, that remove affordable housing stock from the owner-occupied market. This not only affects aspiring Hispanic homeowners attempting to achieve their long term financial goals, but also limits the ability for these potential buyers to provide desperately needed economic stimulus to the American housing market. To combat these issues, NAHREP® calls upon government policymakers and loan servicers to pursue policies that enhance, not reduce, the availability of affordable homes for sale in markets where shortages exist.
You can read the report using the viewer below or click here to download the PDF file.
NAHREP applauds Obama administration action to fill FHFA director position
The National Association of Hispanic Real Estate Professionals (NAHREP) applauds the Obama administration's action to fill the vacant position of director of the Federal Housing Finance Agency (FHFA). As conservator of Fannie Mae and Freddie Mac, FHFA has the critical responsibility of ensuring the GSE's continue to provide a reliable source of liquidity for the housing finance industry with substantial focus on low to moderate income borrowers. NAHREP looks forward to working with the FHFA and its director, once confirmed, to help stabilize America's housing markets.
NAHREP Goes On The Record On Key Issues
The National Association of Hispanic Real Estate Professionals has weighed in on key issues that impact the housing market through a series of letters recently sent to decision makers and policy makers in the Beltway. The purpose of the letters is to exert the association's influence on issues that impact homeownership, affordable housing and access to mortgage capital for Latinos.
Click on the images below to read each letter.
FHA MMI Fund
Fannie Mae REO Pilot Program Review
