NAHREP 2010 Executive Board
April 2010
Alfred C. Rodriguez President JoAnn Burgos President Elect Alex Streng - Secretary Mark J. Ciolfi - Treasurer Joe Velazquez Parliamentarian Jose "Pepe" Fernandez Membership Director Guillermo Ramos Board Member at Large Maria Samano Board Member at Large Robert Preston Immediate Past President Need more information about NAHREP? Contact: Alfred Rodriguez 469-767-9681 JoAnn Burgos, 469-682-8284 Alex Streng, 469-233-9504 alex.nahrep@gmail.com
Na t io n a l A ss oci at io n o f Hi s pa ni c Re a l Es t a te P ro fe s si on a ls
A Word from the President Alfred Rodriguez Hurry Hurry Hurry Rush Rush Rush, it seems that is how we live these days and especially when we are under the gun trying to service all our clients in a professional and timely manner, also dealing with all the challenges that come our way both personally and professionally. Now take a few minutes to analyze yourself. Take some time to check on your health. When was the last time you had a medical checkup. Blood pressure, diabetes, heart, etc. If we do not take the time to check on our own health then we only doing ourselves harm and especially hurting those who may be counting on us to be there for them (our families). If you think you are not healthy enough or not getting enough exercise then go see your doctor for advice. We constantly have changes in our lives that create stress but exercise; good eating habits will help deal with those issues. I realize that our commission checks are our priory but our health needs to be a priory as well. Each of you are important to your families (Husbands, wives, and children). Take time to focus on what is important, your health. You are important to me and to the NAHREP family.
Citi Wows Street with $4.4 Billion Dollar Profit NEW YORK (CNNMoney.com) -- Citigroup delivered its strongest results since the start of the financial crisis, as the banking giant reported a first-quarter profit of $4.4 billion Monday. Earnings for the bank, one of the hardest hit institutions in the financial crisis, easily shattered Wall Street estimates. On a per share basis the company said it earned 15 cents. Analysts polled by Thomson Reuters expected the company to break even for the quarter. Citigroup (C, Fortune 500) shares, which are up 55% from a year ago, gained over 3% in afternoon trading on the news. Investors have been anxious for Citigroup to return to a sustained level of profitability after the bank endured billions of dollars in losses over the past two years. The latest results, Citi's biggest profit since the second quarter of 2007, suggest that it may have finally found its footing. "Citi today is fundamentally a very different company from what it was only two years ago," Citigroup CEO Vikram Pandit said in a statement. The company also made a point of disclosing it was not involved with last Friday's announcement by the Securities and Exchange Commission, which alleged that competitor Goldman Sachs defrauded investors in a sale of securities tied to subprime mortgages. By David Ellis, staff writer CNN Money
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The NAHREP March 2010 Luncheon
Contacts: Treasury Public Affairs, (202) 622-2960 HUD Public Affairs, (202) 708-0980 ADMINISTRATION RELEASES MARCH LOAN MODIFICATION REPORT Homeowners Have Saved a Cumulative $3 Billion Under HAMP to Date WASHINGTON - The U.S. Department of the Treasury and the Department of Housing and Urban Development today released March data for the Administration's Home Affordable Modification Program (HAMP). As of the end of the month, more than 1.4 million homeowners received offers for trial modifications, and more than 1.1 million borrowers were receiving a median savings of $500 each month. Permanent modifications have been granted to more than 230,000 homeowners, and an additional 108,000 permanent modifications have been approved by servicers and are pending only borrower acceptance. Homeowners' lower monthly mortgage payments under HAMP represent a cumulative savings of more than $3 billion. Over 230,000 Homeowners Granted Permanent Modifications •More than 230,000 total permanent modifications have been granted to homeowners, who are guaranteed lower payments for five years. •In addition, more than 108,000permanent modifications have been approved by servicers and are pending borrower acceptance. Over 1.1 Million Trial Modifications for Homeowners •More than 1.1 million trial modifications have begun under the program. •57,000 new trial modifications were added in March, down from 72,000 in February, reflecting servicers increasingly requiring upfront documentation from homeowners to comply with pending HAMP policy requirements. •Borrowers realize immediate relief with the first trial payment. •More than 1.4 million homeowners have received offers for trial modifications. •Of the 1 million borrowers in active modifications (trial and permanent), more than 227,000 borrowers are in permanent modifications. •The lower monthly mortgage payments for homeowners in HAMP represent a cumulative reduction of over $3 billion. Servicers Making Progress on Trial Modification Decisions •Over 60,000 trial modifications converted to permanent modifications in March, an increase of almost 15% from the nearly 53,000 in February.
Join us every 3rd Tuesday of the month for our Luncheon @ El Fenix in the West End Networking 11:00 am—11:30 am Meeting: 11:30 am—1:00 pm The first 10 Real Estate Agents (with a business card) who have never attended a NAHREP of Dallas Luncheon will enjoy their next lunch FREE!!!
The NAHREP March 2010 Luncheon
Contacts: Treasury Public Affairs, (202) 622-2960 HUD Public Affairs, (202) 708-0980 ADMINISTRATION RELEASES MARCH LOAN MODIFICATION REPORT Homeowners Have Saved a Cumulative $3 Billion Under HAMP to Date WASHINGTON - The U.S. Department of the Treasury and the Department of Housing and Urban Development today released March data for the Administration's Home Affordable Modification Program (HAMP). As of the end of the month, more than 1.4 million homeowners received offers for trial modifications, and more than 1.1 million borrowers were receiving a median savings of $500 each month. Permanent modifications have been granted to more than 230,000 homeowners, and an additional 108,000 permanent modifications have been approved by servicers and are pending only borrower acceptance. Homeowners' lower monthly mortgage payments under HAMP represent a cumulative savings of more than $3 billion. Over 230,000 Homeowners Granted Permanent Modifications •More than 230,000 total permanent modifications have been granted to homeowners, who are guaranteed lower payments for five years. •In addition, more than 108,000permanent modifications have been approved by servicers and are pending borrower acceptance. Over 1.1 Million Trial Modifications for Homeowners •More than 1.1 million trial modifications have begun under the program. •57,000 new trial modifications were added in March, down from 72,000 in February, reflecting servicers increasingly requiring upfront documentation from homeowners to comply with pending HAMP policy requirements. •Borrowers realize immediate relief with the first trial payment. •More than 1.4 million homeowners have received offers for trial modifications. •Of the 1 million borrowers in active modifications (trial and permanent), more than 227,000 borrowers are in permanent modifications. •The lower monthly mortgage payments for homeowners in HAMP represent a cumulative reduction of over $3 billion. Servicers Making Progress on Trial Modification Decisions •Over 60,000 trial modifications converted to permanent modifications in March, an increase of almost 15% from the nearly 53,000 in February.
Join us every 3rd Tuesday of the month for our Luncheon @ El Fenix in the West End Networking 11:00 am—11:30 am Meeting: 11:30 am—1:00 pm The first 10 Real Estate Agents (with a business card) who have never attended a NAHREP of Dallas Luncheon will enjoy their next lunch FREE!!!
NAHREP 2010 Executive Board
April 2010
Alfred C. Rodriguez President JoAnn Burgos President Elect Alex Streng - Secretary Mark J. Ciolfi - Treasurer Joe Velazquez Parliamentarian Jose "Pepe" Fernandez Membership Director Guillermo Ramos Board Member at Large Maria Samano Board Member at Large Robert Preston Immediate Past President Need more information about NAHREP? Contact: Alfred Rodriguez 469-767-9681 JoAnn Burgos, 469-682-8284 Alex Streng, 469-233-9504 alex.nahrep@gmail.com
Na t io n a l A ss oci at io n o f Hi s pa ni c Re a l Es t a te P ro fe s si on a ls
A Word from the President Alfred Rodriguez Hurry Hurry Hurry Rush Rush Rush, it seems that is how we live these days and especially when we are under the gun trying to service all our clients in a professional and timely manner, also dealing with all the challenges that come our way both personally and professionally. Now take a few minutes to analyze yourself. Take some time to check on your health. When was the last time you had a medical checkup. Blood pressure, diabetes, heart, etc. If we do not take the time to check on our own health then we only doing ourselves harm and especially hurting those who may be counting on us to be there for them (our families). If you think you are not healthy enough or not getting enough exercise then go see your doctor for advice. We constantly have changes in our lives that create stress but exercise; good eating habits will help deal with those issues. I realize that our commission checks are our priory but our health needs to be a priory as well. Each of you are important to your families (Husbands, wives, and children). Take time to focus on what is important, your health. You are important to me and to the NAHREP family.
Citi Wows Street with $4.4 Billion Dollar Profit NEW YORK (CNNMoney.com) -- Citigroup delivered its strongest results since the start of the financial crisis, as the banking giant reported a first-quarter profit of $4.4 billion Monday. Earnings for the bank, one of the hardest hit institutions in the financial crisis, easily shattered Wall Street estimates. On a per share basis the company said it earned 15 cents. Analysts polled by Thomson Reuters expected the company to break even for the quarter. Citigroup (C, Fortune 500) shares, which are up 55% from a year ago, gained over 3% in afternoon trading on the news. Investors have been anxious for Citigroup to return to a sustained level of profitability after the bank endured billions of dollars in losses over the past two years. The latest results, Citi's biggest profit since the second quarter of 2007, suggest that it may have finally found its footing. "Citi today is fundamentally a very different company from what it was only two years ago," Citigroup CEO Vikram Pandit said in a statement. The company also made a point of disclosing it was not involved with last Friday's announcement by the Securities and Exchange Commission, which alleged that competitor Goldman Sachs defrauded investors in a sale of securities tied to subprime mortgages. By David Ellis, staff writer CNN Money
Place your business card here and advertise $75.00 for three months See Our Newsletter on Facebook
NAHREP Dallas will be launching its new website and logo in the next few weeks!
Newsletter Design and Layout by
Now you can join NAHREP DALLAS on