There are exactly 12 days left until Election Day. The future pretty much rests in your hands. No pressure though. Just like all of you start your day with intention, you set goals for your sales, you envision an outcome and strive for it, let’s do the same thing for this election. Let’s be intentional about our power as citizens. The worst thing that can happen on election night when the results do not go the way you wanted is to feel that you did not do your part to contribute to the democracy of this country.
We are 19 days away from the election. I hope everyone got a chance to watch yesterday’s showdown as the NAHREP familia debated the presidential election around the kitchen table last night. My favorite thing about yesterday’s conversation was that despite NAHREP leaders having completely different political affiliations, they sat down to debate the issues with mutual respect, always coming back to the fact that we are family first.
I hope everyone had some time to relax after NAHREP at L’ATTITUDE! I’m still reeling off of Deepak Chopra’s meditation and Pitbull, two of my favorite sessions of the conference. And of course, I also hope you all had a chance to see our release of the 2020 State of Hispanic Wealth Report! If you missed it, you can still watch it on demand by visiting the conference hub for the next 30 days.
Despite Pandemic, New NAHREP Survey on Household Wealth Shows U.S. Latinos Remain Resilient and Optimistic
NAHREP study shows Latinos are pouring their money into real estate and are 25% more likely to own investment property outside their primary residence
It’s time for some policy trivia! Question: What has been one of our top policy priorities on access to credit over the past 2 years? Answer: The expiration of the QM patch and the new definition of Qualified Mortgage! Question: What government agency has jurisdiction over defining what loans are considered “Qualifed Mortgage”?Answer: Consumer Financial Protection Bureau or CFPB
I cannot believe it is already September. It’s back to school time, or back to zoom time? Mad respect to all of the parents out there for balancing rock star careers while “staffing” your kids while they sit in front a zoom classroom cross eyed making faces at each other. Dogs barking, kids screaming, life happening: life, work, blurred lines all around. It’s called 2020 damas y caballeros, and this madness is feeling weirdly familiar now. Speaking of which, who can tell me their most embarrassing “zoom school” related story? I could really use the humor right now!
NAHREP issues joint comment letter to FHFA on Enterprise Regulatory Capital Framework In a joint comment letter submitted to FHFA, NAHREP and a coalition of industry and consumer groups urge the agency to reconsider the proposed enterprise capital rule. While the coalition appreciates FHFA’s attempt to provide a more standardized level of risk-based pricing, the…
The Republican National Convention is happening this week and, as promised, we’re going to cover what the Trump Administration has meant for housing and homeownership. While it is not the same to compare a plan, something that we have no clue will actually get enacted, to actual actions taken by a particular administration, it is still important to understand the different philosophies and priorities of the candidates for President we have before us.
Let’s get right to the point, the national conventions have officially started. In an effort to put our mission before politics, let’s have some real talk about what our choices for president might mean for housing and homeownership. In the midst of the Democratic National Convention, we’re releasing a summary of the Biden Housing Plan. This is the first of a two-part series. The second will be released during the Republican National Convention where we’ll summarize President Trump’s housing agenda so far.
NAHREP joins a broad coalition of organizations representing the housing, financial services industries as well as consumer groups in issuing a joint statement urging an immediate reversal of the Government Sponsored Enterprises’ announcement requiring an additional 50 basis point increase on all GSE-backed refinances effective September 1. Not only does this announcement conflict with the Administration’s recent executive actions urging federal agencies to take all measures within their authority to support struggling homeowners, but the additional fee will be particularly harmful for low- and moderate-income homeowners, first time homeowners and borrowers of color. Now is not the time.