Reporting from California, this is week 4 of quarantine! I know this week has been particularly tough, anxiety has gotten the best of many of us, and the virus is continuously getting closer and closer to our social circles. This is why I propose that we make this weekend one to remember.
NAHREP submitted a letter on April 8, 2020 urging the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to rethink some of the proposed changes to the Community Reinvestment Act (CRA). NAHREP believes that the current proposal would result in significantly fewer loans, investments and services to Latino communities. While some of the changes are positive, the proposed rule, as it stands today could jeopardize investments made to communities with high Latino populations, reduce access to credit for credit worthy families, and ultimately hamper economic activity within the housing market at a time when it is most urgently needed.
NAHREP today released the 2019 State of Hispanic Homeownership Report, a key asset in the organization’s goal of improving public awareness and increasing industry investment in the Hispanic housing market.
Greetings from California where we are on Day 18 of statewide sheltering-in-place. I hope many of you are investing in some Zoom stock because as a society we are now working, learning AND socializing on Zoom. I’m seeing birthdays being celebrated on Zoom, book clubs, happy hours, even retirement parties!
Wow. This week was a whirlwind. So much has happened and continues to happen as our country reshuffles itself into a new reality. I’ve appreciated all of your stories, input, comments on social media, reposts and private messages. Our community is so powerful, resilient, and resourceful, and we have shown the face of that spirit in full force this past week.
The National Association of Hispanic Real Estate Professionals®️ (NAHREP) announced today that Realogy Holdings Corp. executive Jason Riveiro was installed to chair the organization’s 2020 Corporate Board of Governors.
In order for real estate professionals to continue to do business from the safety of their homes, it is imperative that current regulations preventing remote home sales and mortgage transactions be lifted. NAHREP urges law makers to remove all red tape involving remote home sale transactions. The Remote Online Notarizations (RONs) will allow a notary and signer to safely and securely execute electronic documents using a two-way audiovisual communication. As of now, 23 states have approved the use of RON technology. However, borrowers in more than half the country remain unable to close on a real estate transaction without an in-person signing.
Slowing the spread of COVID-19 and preventing the loss of human life must be a priority. In addition, it is critical that government swiftly and decisively addresses the impact the coronavirus is having and will continue to have on the nation’s economy. NAHREP wrote a letter urging immediate action to protect the housing industry and Latino families through these difficult times.
The National Association of Hispanic Real Estate Professionals® (NAHREP®) announced today that it has installed its 2020 national leaders to the organization’s Board of Directors and Corporate Board of Governors, including 2020 President Sara Rodriguez.
To say we are living in a historic time is an understatement. I urge you to take some time before you go to sleep or when you wake up to journal. We are living in what is perhaps one of the most pivotal moments of our lifetime. There will be the world before COVID-19, and the world after COVID-19.