January 29, 2015

The Voice for Hispanic Real Estate® and proud champions of homeownership for the Hispanic community.

In this edition:

Industry Update
NAHREP supports the President's plan to reduce FHA loan fees
State of the Association
NAHREP welcomes Rick Najera
Fourth annual Top 250 Award nominations open
Policy Conference registration open
NAHREP Chapter News

NAHREP Event Calendar

Mar 30 - Apr 1, 2015
2015 NAHREP Housing Policy & Hispanic Lending Conference
Fairmont Washington DC, Gerogetown

2015 NAHREP Housing Policy & Hispanic Lending Conference
Click for more information

NAHREP Sponsors

Contact NAHREP


591 Camino de la Reina, Suite 720
San Diego, CA 92108

Tel: (858) 622-9046
Fax: (619) 864-1090

NAHREP and the NAHREP Logo are registered trademarks of The National Association of Hispanic Real Estate Professionals®.

NAHREP supports the President's plan to reduce FHA loan fees

On January 8, President Obama announced a new effort to include creditworthy families who are able to afford homes but who may have been shut out of the market due to current tight lending restrictions. The Federal Housing Administration (FHA) is reducing annual mortgage insurance premiums by 0.5 percentage points from 1.35 percent to 0.85 percent.

NAHREP stands in support of the President's plan to reduce FHA loan fees. Additionally, the association feels that lowering excessive G-Fees and Loan Level Pricing Adjustments at Fannie Mae and Freddie Mac are equally important in supporting the administration's stated goal to preserving broad and affordable access for all creditworthy families.

Latinos have historically relied on these loans with 63 percent of the loans they receive backed by government agencies. The results could be up to a $900 reduction in a typical first-time homebuyer's annual mortgage payment.

"Fannie Mae and Freddie Mac currently account for more than 80% of the market," said NAHREP CEO, Gary Acosta, "Reducing FHA fees is an important first step, but getting the GSE's back in the first-time homebuyer market would have an even greater impact." Read more on NAHREP's stand on the FHA premium reduction here.

State of the Association

Rick Najera

NAHREP welcomes Rick Najera

NAHREP is pleased to announce the addition of Rick Najera to the association as Director of New Media and Entertainment. As a Hollywood veteran and accomplished actor, producer, and director, Rick will provide NAHREP with strategic input and direction with the forthcoming Nuevo Latino Tour featuring 53 Million and One, a one of a kind, NAHREP theatrical performance featuring Rick and Jerry Ascencio. Among his many accomplishments in Hollywood, Rick has been director of CBS's Diversity Sketch Comedy Showcase for 10 consecutive years and is a regular contributor to NPRS's radio show, "Tell Me More." He has spoken on prominent issues addressing diversity in the U.S. at locations ranging from the World Bank, Harvard University, Stanford University, and Good Headquarters. The Writers Guild of America has recognized Mr. Najera as an "embodiment of diversity" in the industry and "denizen of the Latin quarter."

"NAHREP is a nationally recognized organization at the forefront of Latino issues in the housing market," says Rick. "Taking on the position of director of new media and entertainment is a natural step for me and I couldn't be more excited about our undertaking of 53 Million and One."

Fourth annual Top 250 Award nominations open

Fourth annual Top 250 Award nominations open

NAHREP is now accepting nominations for the 2013 Top 250 Latino Real Estate Agents Award, the industry's only comprehensive list of Hispanic residential real estate agents. Every year, the brightest agents from all cities across the country are closely considered for the distinction through a self-nomination process and ranked according to transaction sides closed. Each candidate brings a unique story of personal triumph, overcoming adversity, devotion to their trade, and work every day in their local market to make homeownership a reality for families.

"The Hispanic real estate market is large and is growing rapidly," says Jason Madiedo, NAHREP's 2014 president. "Since 2010, Latinos have accounted for 56 percent of the total net growth in U.S. owner households, with purchasing power of approximately $1.5 trillion projected next year. These top agents are achieving tremendous success representing buyers and sellers from markets across America, and NAHREP is honored to salute them with this report," says Madiedo.

Nominations are open through May 1, 2015. Nominate a deserving agent today!

Policy Conference registration open

Policy Conference registration open

NAHREP is excited to announce this year's Housing Policy & Hispanic Lending Conference registration is officially open! Take advantage of the conference's early bird registration while it lasts!

The three-day conference is set at the Fairmont Hotel in Washington, DC on March 30 through April 1, 2015. The conference ends with a day spent on Capitol Hill where attendees will have in-person meetings with lawmakers to share why NAHREP's policy recommendations are important to the future of the industry.

Early bird pricing ends Sunday, February 15, 2015. Log on to www.nahrep.org/dc2015 to reserve your spot at the 2015 Housing Policy & Hispanic Lending Conference.

The Chapter Insider

Marco Henriquez, past president of the NAHREP Antelope Valley Chapter, received distinction from the Greater Antelope Valley Association of REALTORS® as 2014 Broker of the Year! Congratulations to Marco for the much deserved honor and distinction as a hard-working and dedicated agent!

Welcome 2015 Chapter Leadership!

With the New Year comes new leadership across the Chapters. NAHREP welcomes the new Chapter Presidents and Board of Directors across the country. We looking forward to a productive and dynamic 2015 with our new leaders!

2014 NAHREP Greater Sacramento President Waldo Herrera installs the Chapter's 2015 Board of Directors

2012 NAHREP National President Jerry Ascencio swears in 2015 NAHREP Los Angeles Chapter President Frank Williams

The 2015 Chapter Board of Directors (from left) Hugo Romero, Russell Bryant, Carol Delgado, Angie Delboy, and Andre Gutierrez being sworn in my 2014 NAHREP Metro DC Chapter President Miguel Calvo