NAHREP 2010 Executive Board
March 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
Place your business card here and advertise $75.00 for three months
NAHREP Dallas will be launching its new website and logo in the next few weeks!
See Our Newsletter on Facebook
Newsletter Design and Layout by
National Association of Hispanic Real Estate Professionals
A Word from the President Alfred Rodriguez
Dallas-Fort Worth Home Prices Rise for 2nd Straight Month
There appears to be allot of interest in the real estate world. Spring is around the corner so lets take advantage to the good weather and most importantly the Tax Credit. Don't forget your real estate contracts needs to be executed by April 30 to qualify.
Dallas-area home prices posted solid gains in the latest measure of the country's housing market – further proof that the local residential sector is stabilizing. Dallas' home prices were up 3 percent in December from a On another note for April is our IRS tax deadline, start pull your records together and get it done. year earlier in the monthly Standard & Poor's/CaseShiller Home Price Index released Tuesday. It was Hope to see you at the closing table. the second month in a row that area home prices rose on an annual basis. Prices were up 1.4 percent in November's Case-Shiller Dallas report, the first U.S. to Top Banks: Send such gain in more than two years. More Loans! Washington's quest to get big banks to make more loans only seems to get more challenging. After repeated calls by lawmakers over the past year, regulators now appear to be picking up the baton, demanding that top lenders help cover the credit shortfall, particularly as small banks have become increasingly preoccupied with managing their commercial real estate losses. "I do think that larger banks do need to do a better job of stepping up to the plate here," Federal Deposit Insurance Chairman Sheila Bair said last week. For more information see CNNMoney.com
NAHREP would like to thank our Corporate Sponsors
The gains in local home prices are "another good sign that the worst is behind us," said D'Ann Petersen, a business economist for the Federal Reserve Bank of Dallas. "We were fortunate not to see a huge erosion in our home values here in North Texas, and it is encouraging to see that values are moving in a positive direction." That doesn't mean there won't be a few bumps ahead, she said. "How strong any housing recovery will be depends on job growth, of course," Petersen said. "We do expect to see positive employment growth in 2010, but the pace will be modest compared to what we saw prior to the downturn." By STEVE BROWN / The Dallas Morning News
Now you can join NAHREP DALLAS on
The NAHREP February 2010 Luncheon
NAHREP Supports FHA’s Policy Changes to Manage Risk The National Association of Hispanic Real Estate Professionals (NAHREP) supports today's announcement from the Federal Housing Administration about new policy changes to strengthen the agency's capital reserves and protect it from rising defaults. Among the changes, the agency will increase the amount of up-front cash paid by all new borrowers and require higher down payments from those with the poorest credit. Under the plan, FHA will increase upfront insurance premiums that borrowers pay at closing from 1.75 percent to 2.25 percent of the loan value. Most FHA borrowers will continue to make down payments of as little as 3.5 percent when they take out a loan, but those homebuyers with credit scores of less than 580 will have to come up with a down payment of at least 10 percent. "These are necessary adjustments that will maintain standards that will keep the market healthy. Borrowers with less-than-stellar credit will still have access to credit but they'll have to bring more to the table," said Tino Diaz, Chairman of NAHREP "We commend Commissioner Stevens and his team for developing solutions that we believe will improve FHA's capital reserves while preserving the agency's ability to fulfill its mission." FHA remains a critical source of mortgage insurance for Latino borrowers, accounting for nearly 50 percent of their 2008 home purchase loans.
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 Power to influence the Future of Latino Homebuyers NAHREP Dallas members have the power to influence the future each time they provide Hispanic clients with the right information, give them sound advice and treat them with dignity and respect. If you work with Hispanic homebuyers and feel passionate about helping to build strong communities, then join us as we work together to create wealth and opportunity for the good of Hispanic professionals and our clients
The NAHREP February 2010 Luncheon
NAHREP Supports FHA’s Policy Changes to Manage Risk The National Association of Hispanic Real Estate Professionals (NAHREP) supports today's announcement from the Federal Housing Administration about new policy changes to strengthen the agency's capital reserves and protect it from rising defaults. Among the changes, the agency will increase the amount of up-front cash paid by all new borrowers and require higher down payments from those with the poorest credit. Under the plan, FHA will increase upfront insurance premiums that borrowers pay at closing from 1.75 percent to 2.25 percent of the loan value. Most FHA borrowers will continue to make down payments of as little as 3.5 percent when they take out a loan, but those homebuyers with credit scores of less than 580 will have to come up with a down payment of at least 10 percent. "These are necessary adjustments that will maintain standards that will keep the market healthy. Borrowers with less-than-stellar credit will still have access to credit but they'll have to bring more to the table," said Tino Diaz, Chairman of NAHREP "We commend Commissioner Stevens and his team for developing solutions that we believe will improve FHA's capital reserves while preserving the agency's ability to fulfill its mission." FHA remains a critical source of mortgage insurance for Latino borrowers, accounting for nearly 50 percent of their 2008 home purchase loans.
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 Power to influence the Future of Latino Homebuyers NAHREP Dallas members have the power to influence the future each time they provide Hispanic clients with the right information, give them sound advice and treat them with dignity and respect. If you work with Hispanic homebuyers and feel passionate about helping to build strong communities, then join us as we work together to create wealth and opportunity for the good of Hispanic professionals and our clients
NAHREP 2010 Executive Board
March 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
Place your business card here and advertise $75.00 for three months
NAHREP Dallas will be launching its new website and logo in the next few weeks!
See Our Newsletter on Facebook
Newsletter Design and Layout by
National Association of Hispanic Real Estate Professionals
A Word from the President Alfred Rodriguez
Dallas-Fort Worth Home Prices Rise for 2nd Straight Month
There appears to be allot of interest in the real estate world. Spring is around the corner so lets take advantage to the good weather and most importantly the Tax Credit. Don't forget your real estate contracts needs to be executed by April 30 to qualify.
Dallas-area home prices posted solid gains in the latest measure of the country's housing market – further proof that the local residential sector is stabilizing. Dallas' home prices were up 3 percent in December from a On another note for April is our IRS tax deadline, start pull your records together and get it done. year earlier in the monthly Standard & Poor's/CaseShiller Home Price Index released Tuesday. It was Hope to see you at the closing table. the second month in a row that area home prices rose on an annual basis. Prices were up 1.4 percent in November's Case-Shiller Dallas report, the first U.S. to Top Banks: Send such gain in more than two years. More Loans! Washington's quest to get big banks to make more loans only seems to get more challenging. After repeated calls by lawmakers over the past year, regulators now appear to be picking up the baton, demanding that top lenders help cover the credit shortfall, particularly as small banks have become increasingly preoccupied with managing their commercial real estate losses. "I do think that larger banks do need to do a better job of stepping up to the plate here," Federal Deposit Insurance Chairman Sheila Bair said last week. For more information see CNNMoney.com
NAHREP would like to thank our Corporate Sponsors
The gains in local home prices are "another good sign that the worst is behind us," said D'Ann Petersen, a business economist for the Federal Reserve Bank of Dallas. "We were fortunate not to see a huge erosion in our home values here in North Texas, and it is encouraging to see that values are moving in a positive direction." That doesn't mean there won't be a few bumps ahead, she said. "How strong any housing recovery will be depends on job growth, of course," Petersen said. "We do expect to see positive employment growth in 2010, but the pace will be modest compared to what we saw prior to the downturn." By STEVE BROWN / The Dallas Morning News
Now you can join NAHREP DALLAS on