Did you know that as of September 30 2021, the 1 million + individuals who participated in the COVID-related forbearance programs have started to reach their 18-month cap? There is a huge role for all of us to play here, not only because we need to ensure that we protect the wealth Latinos have created through homeownership over the past few years, but because we should always seek to be a part of the solution. Many Latinos will be confused over what happens next. We need to educate ourselves first so that we can be the best source of information for our clients. But aside from that, we might just have an uptick of inventory this Fall as a result of forbearance expiring and we have to be ready for that.
Stories are a critical vehicle for human connection. They are powerful mostly because they make us feel something. Storytelling is an especially powerful tool in advocacy because stories have the ability to put a human emotion and a human face to laws and regulations. As the subject of DACA once again takes center stage, I thought of a young man who embodies the most beautiful aspects of the American Dream.
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!
Como están? Hope everyone is making their plans to meet up in Washington D.C. next month! I was just there last week for meetings with the Federal Housing Administration (FHA) and Federal Housing Finance Agency (FHFA), to discuss some of the issues I’ve heard from many of you that are impacting prospective Latino homebuyers.
Hope everyone got up today with a smile, brewed your cafecito (with foam), and blasted your favorite song to get your day going. I don’t know about you but my favorite song to either get to dancing or to completely transform my mood is “La Bicicleta” by Shakira. There’s something about the vallenato in that song that fills my soul like my mom’s “sopita de fideo.” Maybe I was Colombian in another life.