Realtors Can Now Build Relationships with their Hispanic Clients Thanks to Real Estate Newsletter in Spanish

Announcing: Realtors Can Now Build Relationships with their Hispanic Clients Thanks to Real Estate Newsletter in Spanish

Ready to Go Newsletters, used by hundreds of Realtors to build strong relationships with their clients and farms, is offering a Spanish-language newsletter in addition to its English-language product.

New York, NY (PRWEB) October 9, 2008 -- Real estate agents can now send a client newsletter to their Hispanic clients -- in Spanish.

Ready to Go Newsletters, used by hundreds of Realtors to build strong relationships with their clients and farms, is offering a Spanish-language newsletter in addition to its English-language product.

"The Hispanic community is growing, and many of them appreciate communication in Spanish," says Simon Payn, of Ready to Go Newsletters. "This newsletter will allow Realtors to create deeper, more profitable relationships with their Hispanic clients by communicating with them in language many prefer."

The newsletter will be available every two months, and is offered in addition to the English-language newsletter for just $10 extra per month.

Realtors can customize every aspect of the newsletter -- including the articles and the layout -- in as little as 15 minutes. Then they can print it in the office or take it to a professional printer.
"Real estate agents are getting dramatic results from their newsletters," says Payn. "One new client is getting a new listing for each newsletter she sends out. Many others are building long-lasting relationships with their clients and farming areas."

For more information and to try the newsletter free, visit http://www.readytogonewsletters.com/hispanic.html.

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Contact Information
Simon PaynReady to Go Newslettershttp://www.readytogonewsletters.com/hispanic.html
416-884-9779

Agnew Launches Translation Task Force to Help Financial, Banking, and Real Estate Organizations Gain Non-English Speaking Markets

WESTLAKE VILLAGE, Calif., Oct 06, 2008 -- In response to the current financial crisis and market volatility that are affecting United States banking, financial, and real estate institutions, Agnew Tech-II has created a special task force to help these institutions rapidly expand their revenues by tapping into the Hispanic and other non-English speaking markets. The group is knowledgeable in banking and financial terminology, regulations, and security requirements, and will provide translation of marketing, legal, and advertising materials, as well as planning marketing campaigns and producing radio spots and television commercials, videos, websites, and text/voice ATM consumer interfaces in Spanish, Chinese, Korean, and other languages.

According to the U.S. Census of 2004, the estimated Hispanic population of the United States (as of July 1, 2004) was 41.3 million, with a projected population by July 1, 2050 of 102.6 million. Based on FDIC reports, the Hispanic population is the largest and fastest-growing ethnic group in the United States. Moreover, the number of affluent Hispanic households is increasing rapidly -- U.S. Census data show that the number of Hispanic households with incomes higher than $75,000 tripled between 1990 and 2000. As the purchasing power of the Hispanic population increases, their need for financial services is growing. HispanTelligence, the research arm of Hispanic Business Inc., estimates current Hispanic spending power reached $869 billion in 2008 and is likely to grow to $1.3 trillion in 2012, with California accounting for more than a quarter of this. Similarly, the Census predicts the U.S. Asian population will climb at a parallel rate, from 15.5 million to 40.6 million in 2050, offering its own increases in wealth.

"It is obvious that the potential of marketing to this population segment is enormous, with benefits that are well worth the costs of narrowing the information gap that often cuts them off from business. Lack of awareness of this potential market is costing financial institutions an unfathomable amount of revenue, at a time when earnings are vital," said Irene Agnew, Company President.

According to the FDIC, most bankers and brokers may not realize the extent of many Hispanic households' "misinformation" or incomplete understanding of the home-buying process, especially since that process itself is often very different and less flexible in other countries from that of the United States. For example, "immigrants from high-down-payment countries such as those in Central and South America, or Korea or India, often greatly overestimate the minimum down payment needed in the United States," said Gaston Otero, Agnew Vice President. Some members of the Hispanic population believe that they need a lawyer to start the home-buying process and think they have no choice but to accept a 30-year mortgage. There are even some that still believe that the real estate professional's commission is paid by homeowners rather than by the seller, and do not know that the law requires housing lenders to give prospective borrowers the best possible rate on a loan.

"Agnew can help banks and financial services institutions increase their purchasing power by closing the wide information gap that minority prospective homeowners face, at a time when credit markets are tightening and will remain tight," said Otero. "Effectively reaching the Hispanic and Asian communities, during this period of economic uncertainty and reduced home-buying confidence, will allow those institutions with foresight and the right multicultural communications partner to increase their mortgage and financial services portfolios, letting them get and remain ahead of their competitors. The cultural communication services we provide, from adaptation of marketing materials to translation of mortgage contracts to in-language seminars for prospective minority homeowners, help banks and financial services institutions capitalize on these inadequately-tapped markets."

Agnew offers a free consultation to financial organizations seeking to learn more about bridging the communication gap with the Hispanic, Chinese, Korean, or other non-English speaking groups, available via e-mail at g.otero@agnew.com or telephone (805) 494-3000, ext.19.

About Agnew Tech-II

Founded in 1986, Agnew Tech-II, of Westlake Village, CA, is one of the nation's leading translation and multilingual video recording firms. Agnew provides document translation to and from all languages, localization of multilingual web sites, and multilingual dubbing and recording for corporate videos, film and radio. For more information, please contact Agnew Tech-II at (805) 494-3999, or send an e-mail to i.agnew@agnew.com or visit the company on the web at: http://www.agnew.com.

SOURCE Agnew Tech-II http://www.agnew.com

NAHREP Participated On Bay Area Mulicultural Realtors Summit

Bay Area Multicultural Realtors Meet

By: AsianWeek Staff Report, Oct 05, 2008

UNION CITY, Calif. — Seventeen real-estate professional associations joined efforts for the 2008 Bay Area Multicultural Real Estate Summit on Sept. 26.

Over 300 attendees participated in educational courses such as Transnational Referral Certification (led by Fanny Chu), Commercial Real Estate (led by Richard Lombardi), Natural Hazards Disclosures Legal Forum (led by Mailana Mavromatis) and Working with Multicultural Clients (with Carol Rodoni), as well as a panel on Alternative Financing for Mulicultural Markets and other break-out sessions on FHA Loans and Legal Aspects of International Real Estate.

The highlight of the summit was the Multicultural Top Producers Panel moderated by Steve Goddard, president-elect of the California Association of Realtors. Tammy Yau of Pleasanton, Orlando Bojorquez of Daly City, Nadr Essabhoy of Palo Alto and Miguel Velazco of Fremont shared secrets of their success and unanimously stressed quality service to consumers as the ultimate key.

Key note speakers Jeff Davi of the California Department of Real Estate Commissioner and Rebecca Gallardo, chairwoman of National Association of Hispanic Real Estate Professionals, addressed attendees on the current real estate market and how to meet its challenges.

Bay East Association of Realtors took the lead with Dexter Lat chairing the steering committee. Inspired by Pablo Wong of Fidelity National Financial, one of the founding organizations last year, this year’s organizing associations came from multiple counties in the Bay Area, such as the East Bay, Berkeley, Contra Costa, San Francisco, San Mateo, Santa Clara and Silicon Valley.

Eight ethnic real-estate associations also participated: the Asian Real Estate Association of East Bay, Chinese American Real Estate Association (South Bay), Chinese Real Estate Association of America, Filipino American Real Estate Professional Association, National Association of Hispanic Real Estate Professionals (San Francisco, Silicon Valley and Alameda County) and South Asian Real Estate Association of America.

The summit is supported by a National Association of REALTORS Diversity Grant and the following sponsors: Platinum: Wells Fargo Home Mortgage; Gold: Bank of America and Property ID; Silver: WHB Solution; Corporate: Bank of the West and Key Point Credit Union: and Business: Oakland Association of Realtors and Bankers Exchange Services.

This blog is powered by www.realestatelatino.com

What Was Fannie Mae Doing 9 Years Ago To Eases Credit To Aid Mortgage Lending

Here is an interesting article about what was doing Fannie Mae 9 years ago trying to puch homonwership.

Fannie Mae Eases Credit To Aid Mortgage Lending
By STEVEN A. HOLMES

Published: September 30, 1999
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

The action, which will begin as a pilot program involving 24 banks in 15 markets — including the New York metropolitan region — will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.

Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates — anywhere from three to four percentage points higher than conventional loans.

”Fannie Mae has expanded home ownership for millions of families in the 1990’s by reducing down payment requirements,” said Franklin D. Raines, Fannie Mae’s chairman and chief executive officer. ”Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.”

Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980’s.

”From the perspective of many people, including me, this is another thrift industry growing up around us,” said Peter Wallison a resident fellow at the American Enterprise Institute. ”If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.”

Under Fannie Mae’s pilot program, consumers who qualify can secure a mortgage with an interest rate one percentage point above that of a conventional, 30-year fixed rate mortgage of less than $240,000 — a rate that currently averages about 7.76 per cent. If the borrower makes his or her monthly payments on time for two years, the one percentage point premium is dropped.

Fannie Mae, the nation’s biggest underwriter of home mortgages, does not lend money directly to consumers. Instead, it purchases loans that banks make on what is called the secondary market. By expanding the type of loans that it will buy, Fannie Mae is hoping to spur banks to make more loans to people with less-than-stellar credit ratings.

Fannie Mae officials stress that the new mortgages will be extended to all potential borrowers who can qualify for a mortgage. But they add that the move is intended in part to increase the number of minority and low income home owners who tend to have worse credit ratings than non-Hispanic whites.

Home ownership has, in fact, exploded among minorities during the economic boom of the 1990’s. The number of mortgages extended to Hispanic applicants jumped by 87.2 per cent from 1993 to 1998, according to Harvard University’s Joint Center for Housing Studies. During that same period the number of African Americans who got mortgages to buy a home increased by 71.9 per cent and the number of Asian Americans by 46.3 per cent.

In contrast, the number of non-Hispanic whites who received loans for homes increased by 31.2 per cent.

Despite these gains, home ownership rates for minorities continue to lag behind non-Hispanic whites, in part because blacks and Hispanics in particular tend to have on average worse credit ratings.

In July, the Department of Housing and Urban Development proposed that by the year 2001, 50 percent of Fannie Mae’s and Freddie Mac’s portfolio be made up of loans to low and moderate-income borrowers. Last year, 44 percent of the loans Fannie Mae purchased were from these groups.

The change in policy also comes at the same time that HUD is investigating allegations of racial discrimination in the automated underwriting systems used by Fannie Mae and Freddie Mac to determine the credit-worthiness of credit applicants.

SUMMARY OF THE “EMERGENCY ECONOMIC STABILIZATION ACT OF 2008”

I. Stabilizing the Economy The Emergency Economic Stabilization Act of 2008 (EESA) provides up to $700 billion
to the Secretary of the Treasury to buy mortgages and other assets that are clogging the balance sheets of financial institutions and making it difficult for working families, small
businesses, and other companies to access credit, which is vital to a strong and stable economy. EESA also establishes a program that would allow companies to insure their
troubled assets.

II. Homeownership Preservation
EESA requires the Treasury to modify troubled loans – many the result of predatory
lending practices – wherever possible to help American families keep their homes. It also directs other federal agencies to modify loans that they own or control. Finally, it improves the HOPE for Homeowners program by expanding eligibility and increasing the tools available to the Department of Housing and Urban Development to help more families keep their homes.

III. Taxpayer Protection
Taxpayers should not be expected to pay for Wall Street’s mistakes. The legislation
requires companies that sell some of their bad assets to the government to provide warrants so that taxpayers will benefit from any future growth these companies may experience as a result of participation in this program. The legislation also requires the President to submit legislation that would cover any losses to taxpayers resulting from this program from financial institutions.

IV. No Windfalls for Executives
Executives who made bad decisions should not be allowed to dump their bad assets on
the government, and then walk away with millions of dollars in bonuses. In order to
participate in this program, companies will lose certain tax benefits and, in some cases,
must limit executive pay. In addition, the bill limits “golden parachutes” and requires
that unearned bonuses be returned.

V. Strong Oversight
Rather than giving the Treasury all the funds at once, the legislation gives the Treasury
$250 billion immediately, then requires the President to certify that additional funds are
needed ($100 billion, then $350 billion subject to Congressional disapproval). The Treasury must report on the use of the funds and the progress in addressing the crisis. EESA also establishes an Oversight Board so that the Treasury cannot act in an arbitrary manner. It also establishes a special inspector general to protect against waste, fraud and
abuse.

Read the text of the Emergency Economic Stabilization Act of 2008 and tell us what you think.


http://www.realestatelatino.com/

CASA LATINO AND LOS TAXES HAVE SIGNED A STRATEGIC ALLIANCE

Click here to view this Press Release in Spanish.

PRESS RELEASESeptember 15, 2008

CONTACT PERSON:Juan Cabrera718-210-3203 NEW YORK, NY - Casa Latino Real Estate and Los Taxes have built a strategic alliance to promote both brands within the Latino community. Casa Latino is American's leading multicultural Real Estate brand whose mission is to help its clients achieve the American dream of homeownership. Casa Latino founder and CEO Robb Heering stated "The Casa Latino business model is the first nationwide real estate franchise that is customer-centric, agent-centric, and owner-centric. Our model simply allows our agents to deliver better services to our customers.

Our franchise expansion efforts have been well received and we anticipate tripling our system size during the next 12 to 18 months. Most would agree that there are consumer needs out there that have not been effectively and ethically met. Casa Latino brings a fresh and innovative approach to the market and the market is responding positively".

Los Taxes is the First Latino Income Tax Preparation Franchise in America. "We have created a company with a simple mission: to provide honest and reliable income tax preparation service to the Latino community in a culturally sensitive office environment where taxpayers can find financial assistance in their language and culture offered by trained tax practitioners whose integrity and respect to system regulations are above all." Stated Javier Solis, President and CEO of the New York based company.

"Los Taxes will focus in providing excellence in tax preparation service to our Latino community. "Para Nuestra Gente" For our People, states our commitment to meet the financial needs of Hispanics, especially in the area of tax preparation and offering an office environment where Hispanic tax payers can find professionals who understand not only their language but especially their culture" added Javier. This alliance will encourage Real Estate Professionals to adopt a new business model to provide a variety of financial services to our Latino community and help real estate practitioners increase revenues.

Homeownership is the first step people take to build wealth and taking advantage of tax incentives encourages taxpayers to achieve homeownership. The implementation of Tax Service within a Real Estate environment is being implemented in several cities and Casa Latino franchisees will be able to take advantage of all the tools Los Taxes have available to run a tax center.

For a limited time, Casa Latino and Los Taxes will offer discounted franchise fees to those who acquire both franchises at the same time. For additional information please, visit https://webmailcluster.perfora.net/xml/deref?link=http%3A%2F%2Fwww.CasaLatino.com or https://webmailcluster.perfora.net/xml/deref?link=http%3A%2F%2Fwww.LosTaxes.com

Do you know if your clients' credit will be the same right before the closing day?

By Bill Arce

As a former real estate agent, I always advised my clients (once they were pre-approved) that for the time they were applying for a mortgage it was not a good idea to be messing with their credit. Why? Because usually the underwriter will check their credit report one more time prior to closing their mortgage application and if it is not up to the standers or the ratios have changed the application may be denied.

So, for the next 45-60 days, I would say to them repeatedly, to do not open a new credit card, buy a car or a boat, and more importantly to pay their bills on time. This may seems simple, right? Well, we know that our clients sometimes do not follow our advice and the deal could fails to close because our clients forgot to mail in the $20 credit card payment.

What can you do as their advisor to help them avoid killing the deal? The following tips are those that I learned the hard way when I was active selling houses and also implemented as a loan consultant, I hope they will assist you as well.

Set the table: If your niche is Latino homebuyers, especially those who are first time buyers with little or no credit, you as professional should be educating them about the repercussion on their buying process if they fail to maintain a good credit history while purchasing their home. Be clear with your clients; let them know they may lose their dream home if their credit is not the same as the time they first applied for the mortgage.

Expect the unexpected: Ok, you know that you were as informative as one professional can be, and in many times you continued addressing the credit issue and how important is for their sake to be careful, but don't be surprised if they buy a new car prior to closing. Be ready to overcome a situation like this one if you would like to save the deal.

Help them avoid overspending: First time homebuyers would normally need to purchase new house items like a lawnmower, furniture, or just needs new materials to do some cosmetics repairs to the new home. Well, all these cost money and if you help your clients save money during the real estate transition, chances are they won't need to use their credit cards to purchasing things they may need after the closing.

Just remember as professionals we are responsible for the success of others as our own, if your client don't close their transaction we might lose more that just the commission.

http://www.realestatelatino.com/

New Book Offers Distressed Homeowners Advice for Avoiding Foreclosure Scams

Veteran housing counselors offer consumers information about how to overcome foreclosure, work with lenders, avoid foreclosure scams and more in the new book The American Nightmare. Free downloadable excerpts are now available at http://www.nahrep.org/american_nightmare/foreclosure-options.html.

Washington, D.C. (PRWEB) September 17, 2008 -- The American Nightmare is a new book by veteran housing counselors Sylvia Alvarez and Walter Walker Jr. that offers distressed homeowners tips and strategies that can help them avoid, survive and overcome foreclosure. Published in partnership with the National Association of Hispanic Real Estate Professionals (NAHREP), free downloadable excerpts of The American Nightmare are available in English and Spanish at www.NAHREP.org and include pointers that will help desperate homeowners from becoming the target of short sale and foreclosure scams.

A link is also provided to purchase the book for $14.95.

Too many panicked homeowners that are looking for ways to save their homes are falling prey to unscrupulous people and foreclosure scams

The American Nightmare Book: Strategies Preventing, Surviving and Overcoming Foreclosure

Unsuspecting homeowners that are frantic for a quick fix to avoid foreclosure are becoming the victims of foreclosure scams that promise to save them from the loss of their homes. Many are paying thousands to thieves disguised as well meaning professionals that offer to repay their mortgage in exchange for the transfer of their deeds. The authors were inspired to write the book after being deluged at the housing agency where they work by people who have fallen prey to these mortgage scams and others. In addition to practical advice about how to avoid foreclosure, negotiate loan modifications or short sales and more, the book educates readers about the clever ways predators are bilking consumers.

FREE downloadable excerpts of the book offer homeowners information about:

- Common predatory lending scams
- Short sale and "flip for profit" scams;
- Equity skimming scams that leave homeowners with more debt and no house;
- Phony counseling agencies;
- How to file a complaint and report mortgage fraud;
- Plus options that homeowners can pursue if they are already in mortgage default.

"Too many panicked homeowners that are looking for ways to save their homes are falling prey to unscrupulous people and foreclosure scams," said Rebecca Gallardo-Serrano, Chairman of NAHREP. "Knowledge is power. The American Nightmare offers homeowners important information about the types of scams out there and how they can protect themselves from predators."

The National Association of Hispanic Real Estate Professionals, a non-profit 501c6 trade association, is dedicated to increasing the homeownership rate among Latinos by educating and empowering the real estate professionals that serve them. Based in Washington D.C., NAHREP is the premier trade organization for Hispanics and has more than 15,500 members in 48 states and 62 affiliate chapters.

FAIR HOUSING CENTER OFFERS ASSISTANCE TO GUSTAV AND IKE-AFFECTED HOMEOWNERS

The Greater New Orleans Fair Housing Action Center (GNOFHAC) has expanded its Hurricane Relief Project to assist homeowners affected by Hurricanes Gustav and Ike. The Hurricane Relief Project provides counseling to homeowners with issues related to insurance claims, mortgages, SBA loans, contractors, disaster recovery programs, and the Road Home Program.

Homeownership Specialists are available now to help homeowners navigate through the recovery process. The GNOFHAC, in collaboration with the National Fair Housing Alliance (NFHA), launched the Hurricane Relief Project in April 2006 to assist homeowners affected by Hurricanes Katrina and Rita. Since then, the GNOFHAC has helped hundreds of homeowners negotiate affordable mortgage repayment terms, receive fair settlement of insurance claims, and receive equitable compensation from the Road Home Program. In light of the damage done by Hurricanes Gustav and Ike, the GNOFHAC will now offer assistance to homeowners in South Louisiana who were impacted by these storms.

Homeowners should call 504-596-2100 or 877-445-2100 to speak to a homeownership specialist. The GNOFHAC has also created a Resource Guide for residents impacted by Hurricanes Gustav and Ike that includes information on how to file an insurance claim, deal with your mortgage company, apply for FEMA assistance, apply for a SBA loan, deal with contractors, and seek out other assistance in the rebuilding process. Additional information and resources can be found at www.gustavinfo.org and www.gnofairhousing.org.

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The Greater New Orleans Fair Housing Action Center (GNOFHAC) is a private non-profit organization. The Center was established by a group of concerned New Orleanians in 1995 with the help of the National Fair Housing Alliance and a grant from the United States Department of Housing and Urban Development. GNOFHAC is dedicated to eliminating housing discrimination and furthering equal housing opportunities through education, outreach, advocacy, and enforcement of fair housing laws across the metro New Orleans and Baton Rouge areas.

A $7,500 reason for Latinos to reach the “American Dream”

By Bill Arce

The new federal tax credit serves as an interest-free loan for first-time homebuyers or for those with no ownership interest for the last three years

Signed into law last month by President Bush as part of a bigger housing bill, the federal tax credit is aimed at assisting homebuyers that are ready and willing to purchase a home but not capable to come up with the downpayment required by a bank.

The law defines first-time home buyers as those who have not owned a home used as their main residence for at least three years. The tax credit is for the purchase of either new or existing homes purchased between April 9 of this year and July 1, 2009.

The tax credit is a refund from Tio Sam. For example, if person owes $2,500 in income taxes, the $7,500 tax credit would wipe out that amount and the federal government also would send out a $5,000 check. If the taxpayer owes nothing at tax season, the total credit amount would be $7,500.

The cash 22 is the tax credit must be repaid over a 15-year period to the federal government; yes, nothing is free in this country. According to RealEstateLatino.com, the federal tax credit is best described as a 15-year zero-interest loan. This is not a bad deal if it helps taking down one of the homeownership barriers facing Latinos (Down Payment).

The $7,500 federal tax credit has a higher income ceiling for eligible home purchasers. Single buyers can get the full tax credit if their incomes are less than $75,000. Married couples will qualify with incomes up to $150,000. The tax credit phases out for higher-earning homebuyers and goes away entirely for single taxpayers earning more than $95,000 and married couples $170,000.

Homebuyers don't have to comply with any homeownership education in order to qualify for the tax credit, how ever, taking a class thru one of the locals homeownership counseling agency is highly recommended by RealEstateLatino.com before purchasing a home.

Homebuyers applying for the tax credit should be aware that, like any other financial obligation, they need to make sure they can afford to repay the tax credit. That way they will avoid being hit by the IRS with penalties and interest in case they default on their promise to repay.

Down Payment Assistance Leader Reached An Agreement With HUD

Chairman Frank and HUD Secretary Preston Negotiate DPA Agreement

Chairman of the House Financial Services Committee, Barney Frank, has discussed publicly the fact that he has negotiated an agreement with HUD Secretary Steve Preston that will provide for the continuation of privately funded downpayment assistance.

The agreement allows HUD to impose risk-based pricing on downpayment assistance transactions which provides Secretary Preston the fiscal protection he seeks for the FHA insurance fund.

According to an Inman News article published today, Chairman Frank is quoted as saying "The FHA loved the ban on down-payment assistance (but) hated the ban on risk-based pricing," Frank said at Saturday's hearing. "That seemed to me to offer an opportunity. So (HR 6694) will replace both bans with middle ground -- and it will pass the House, I can guarantee you. What you want to do now obviously is talk to your senators. We think it will go through there -- it has the approval now of the Secretary of HUD."

Thanks to the advocates of downpayment assistance, there is significant momentum in this direction. Nehemiah urges all supporters to continue their campaign to save DPA by contacting their Senators and request a swift passage of pro-DPA legislation.

Read the entire article:http://www.inman.com/news/2008/09/10/congress-weighs-reprieve-seller-funded-gifts

More exciting developments: join Scott Syphax, President and CEO of Nehemiah Corporation of America, for a 30-minute virtual town hall meeting on Thursday, September 11, at 10:00 AM

Pacific / 1:00 PM Eastern. Visit the Events page on https://webmailcluster.perfora.net/xml/deref?link=http%3A%2F%2Fcapwiz.com%2Fnehemia%2Futr%2F1%2FHGUZJECEPX%2FJBJOJECHOL%2F2362122171 for more information.

Fighting for Families - Nehemiah Corporation of America