The National Association of Hispanic Real Estate Professionals® (NAHREP®) advocates on behalf of its 40,000 members and Hispanic homeowners nationwide. NAHREP focuses on national and state legislative issues that are critical to its mission: to advance sustainable Hispanic homeownership.
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 capital requirement as proposed is far too high. As the GSEs are not banks, having bank-like capital requirement will unnecessarily increase costs, reduce credit availability and disproportionately impact borrowers of color. Furthermore, the rule would not meet its goal of reducing risk to the overall housing finance system, but rather redistribute and concentrate it.
NAHREP issues joint statement urging FHFA to reverse directive on GSEs’ Adverse Market Fee
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.
Landlord Survey Results: Small Landlords Adversely Impacted by COVID-19
The National Association of Hispanic Real Estate Professionals (NAHREP) and UC Berkeley’s Terner Center for Housing Innovation partnered to survey NAHREP’s membership to gauge the experiences of small “mom and pop” landlords during the pandemic. The responses indicate great concern as many of the CARES Act’s support expire, and the need for targeted assistance grows. The survey was administered between June 29, 2020 and July 9, 2020 and received 620 responses, of which 380 came from owners or managers of rental properties. Download the fact sheet for an analysis of those responses.
NAC Blog: Don’t just vote, get in the action
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.
NAC Blog: Time to research our ballots!
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.
NAC Blog: 2020 State of Hispanic Wealth Report
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.