Op-ed:Offer More Housing Options for Latinos

Patricia Lindo, the president of the National Hispanic Organization of Real Estate Associates (NHORA), a non-profit trade organization responds to Patch's article "Report Gives 'D' Grade for Affordable Housing for Latinos."

The Latino population, at nearly one quarter of the San Mateo County population, is the fastest growing demographic group in the county and is estimated to be the state’s largest population group within the next 30 years. The largest population group has specific housing and quality of life needs, and it is critical that those needs be addressed in long range planning and policy decisions.

While the county continues to offer jobs, it is currently far off track from offering enough diverse housing to accommodate the range of income levels living and working in San Mateo County. In fact, in a recently released study, “The Silicon Valley Latino Report Card,” developed by the Hispanic Foundation of Silicon Valley, housing for Latinos received a “D” grade due to the housing quality, crowding, and affordability issues. Experts predict the lack of adequate housing will create major quality of life issues for the Latino population in San Mateo County as well as the Silicon Valley community at-large.

We need the support of our entire community – business, civic, labor and community leaders – in order to succeed in our mission to improve the quality of life for Latinos and sustain the prosperity of this county. This call to action is a win-win strategy for Latinos and non-Latinos alike. Together we need to:

Collaborate with public and private sector parties to develop or make available more affordable housing options
Advocate for housing policies, projects and opportunities that benefit the Latino community
Implement sustainable ownership measures, including financial and mortgage education for new homeowners
Last week at the Latino Bay Area Housing Report, held in Redwood City, a broad range of Bay Area housing leaders called on the Latino community and the county as a whole to take the steps necessary to help solve the housing problems. There is a huge opportunity for the greater community to join our efforts and to contribute the time and resources necessary to succeed in this effort. Education and awareness is key to mobilizing our supporters in every community. But, time is of the essence.

At the luncheon, we heard from housing experts about their minority group-focused sustainable housing programs and financial literacy education. A few of the speakers also mentioned opportunities that need serious consideration in San Mateo County, including the Baylands project in Brisbane, which includes several hundred flat and townhomes, and the Redwood City Saltworks project, which proposes up to 12,000 homes, 15% below market rate. Both projects offer considerable community and environmental benefits. It is critical for the Latino community to get involved in these projects and others and to advocate for housing product types, below market rate housing, and community benefits that benefit Latinos.

Change is possible if we act now. Commitment from our public and private sector is necessary to improve the fate of our Latino community and San Mateo County – but most importantly we need all community members to get involved. There are many ways to do so: sign up for an Engagement Circle, part of Phase II of the “Silicon Valley Latino Report Card”, www.hfsv.org; join NHORA to learn more about opportunities specifically in San Mateo County; join the Housing Leadership Council; and, go to city websites to learn about specific projects and how to participate, including the City of Redwood City, Brisbane and other cities on the Peninsula.

NHORA’s next forum will focus on education and will be held in September. Like our housing forum the next forum will be a call to action for Latinos and the greater community. I hope you will join us.

Do you believe Latinos have enough affordable housing options? Tell us in the comments.

Carmen Mercado Named Chairman of the National Association of Hispanic Real Estate Professionals

SAN DIEGO--(BUSINESS WIRE)--

Carmen Mercado, a Long Island, New York-based Education & Diversity Manager with NRT’s Coldwell Banker Residential Brokerage, was installed as chairman and president of the National Association of Hispanic Real Estate Professionals during its policy forum last week in Washington, D.C. Mercado has served on the association’s national board since 2006 and most recently was vice chair. Gerardo “Jerry” Ascencio, a Los Angeles-based real estate broker, will succeed Mercado as vice chair. Both officers will serve a one-year term in their post.

“Carmen Mercado and Jerry Ascencio bring a potent combination of real marketplace knowledge, leadership and understanding of the challenges that Hispanic homebuyers and practitioners encounter,” said immediate Past Chair Alex Chaparro. “Their grasp of the issues will be a huge benefit to NAHREP’s national leadership team.”

By day, Mercado trains real estate agents and drives leadership development for Coldwell Banker Residential Brokerage, which is owned by NRT LLC, the nation’s largest residential real estate brokerage company. Mercado is also an active member of the Realogy Diversity and Inclusion Council. She is a certified real estate instructor and delivers training programs throughout the Long Island and Queens area. She became active in NAHREP at the local level in 2004 when she founded the local NYC affiliate chapter. In 2006, she was appointed to the national board and has served on the executive committee prior to being named last year as vice chair. A passionate advocate for underserved homebuyers, she has helped educate local Latinos about homeownership over the years by delivering seminars in liaison with local nonprofits.

Gerardo “Jerry” Ascencio, GRI, CRS is founder and past president of the NAHREP San Fernando/Santa Clarita affiliate chapter and a member of the association’s national board. He is an established real estate broker in the greater Los Angeles area with two offices and 65 agents and broker-associates. Ascencio served on the board of directors for the Southland Regional Association of Realtors and has served in numerous leadership and educator roles. He will succeed Mercado as chairman in 2012.

About NAHREP

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 San Diego, NAHREP is the premier trade organization for Hispanics and has more than 18,000 members in 48 states and 50 affiliate chapters.

Contacts

Phase Two Communications
Mary Mancera, 760-634-5007

Permalink: http://www.businesswire.com/news/home/20110309005130/en/Carmen-Mercado-Named-Chairman-National-Association-Hispanic

A New National Multi-Cultural Real Estate Franchise Formally Announces its Launch

OneRes, a multi-cultural independent real estate franchise organization based in Celebration, Florida, officially announces its launch at the National Association of Realtors in New Orleans, LA this week.

Celebration, FL (PRWEB) November 7, 2010

OneRes, a multi-cultural independent real estate franchise organization based in Celebration, Florida, officially announces its launch at the National Association of Realtors in New Orleans, LA this week. OneRes was founded by former real estate franchisees, former Fortune 500 company executives, residential and commercial developers.

OneRes leadership consists of African American, Asian, Hispanic and Caucasian ethnicities and represents the diversity of America. Corporate Directors are Eric Waddell, President/CEO, Edie Waddell, VP of Franchise Relations, Joe La Rosa, Chief Executive Consultant, Mike La Rosa, VP of Business Development, Ana Alvarez, VP of Recruiting and Carmen Chong, VP of Education.

From Celebration, Florida, Eric Waddell, President and CEO of OneRes said, “The Company was formed because there is a definite need for small to medium sized real estate brokerages to have affordable access to business support in the areas of education, training and technology.

The current economic conditions and the real estate and financial market collapse had a greater impact on small to medium size real estate brokerages, driving income down and many out of business causing a call to action and thus OneRes was created.” With a focus on providing education, training, and collaborating with franchisees on community outreach initiatives, the OneRes brand is a proponent of interconnecting awareness and effectively servicing outreach initiatives that have an immediate impact on improving our communities. OneRes expects a high level of growth within the next 12 months.

OneRes currently has branch locations in Texas, California, New York and Florida and intends to begin franchising new locations in November and December with a nationwide rollout in January 2011.

For more information or to schedule an interview with the principles of OneRes, please contact Edie Waddell at 407-566-2689.
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FREE Homeownership Preservation Workshop In San Diego

1-to-1 Counseling
• Workshops
• Homeownership Preservation

FREE And open to the public
Saturday, Apr 18, 2009 10am - 4pm
San Diego Concourse - Golden Hall
202 C Street, San Diego
We’re Here to Help Californians Avoid Foreclosures.

Project Homeowner is a statewide program, designed to help keep California homeowners in their homes, led by the California Hispanic Chamber of Commerce, and sponsored by Chase. Events across California provide information and resources to help homeowners stay in their homes. Get the safe access you need to advisors, counselors and lenders from both private and public organizations including the California Department of Real Estate.

Get answers to the questions many California homeowners have:
Learn if there is an opportunity for you to modify your loan and additional options that may exist.

Register for the event and learn more at: ProjectHomeCA.com
Walk-ins welcome.

Be sure to bring:
1 Your most recent mortgage statement and any other related correspondence.
2 Income Documentation*
- Wage-earners must provide two (2) current pay stubs
- Your most recent two years’ W2s
- Self-employed individuals must provide 4 months of the most recent bank statements and most recent tax return.
- An audited or reviewed YTD income statement is required for corporations and LLCs
3 Your most recent two (2) years’ tax returns
4 Your promissory note
5 A list of your monthly expenses

Tino Díaz Joins Casa Latino Real Estate

Hispanic Real Estate Industry leader, Tino Diaz, becomes a part of the Casa Latino Franchise Corporation bringing additional expertise and leadership to the fastest growing real estate brand in the US.

Celebration, Florida- April 1, 2009-- Casa Latino Franchise Corporation, the undisputed national leader in the Hispanic real estate market, has hired Tino Diaz of CharisPros
USA, Inc. of Miami, FL to provide strategic planning expertise to support the company's rampant system growth both in the US and Latin America.

During his long career, Mr. Diaz has held a number of key roles in the financial services industry and his experience is wide-ranging. He has worked with community and multinational banks as well as thrifts and insurance companies. He has provided leadership in various financial services businesses and institutions.

Mr. Diaz is also the current Chairman of the National Association of Hispanic Real
Estate Professionals (NAHREP) and was the primary author and the lead proponent of the trade organization's Code of Trust known as "En Confianza".

Throughout his career Mr. Diaz has also served in an advisory capacity and coach to executive management and boards of directors of banks, insurance companies and other financial services intermediaries and trade associations.

In addition to his consulting role at Casa Latino, Mr. Diaz has acquired franchise development rights in Metro Chicago and is expected to acquire franchise development rights in several other key Hispanic and multi-cultural markets.

"We are extremely pleased that Tino has agreed to provide us with consulting services and to have him become a member of our franchise ownership family," said Robb
Heering, CEO. "His knowledge, background and values make him a key addition to our organization. His experience in the industry will be of great value to us in our pursuit to become the global leader in the Hispanic and multicultural real estate market."

Mr. Diaz, who makes his home in Miami, Florida, has his Bachelor of Science degree in
Marketing from the University of Illinois, and a Master of Science in Strategic Management from Purdue University.

For additional information on Tino Diaz or Casa Latino Franchise Corporation please contact Kristin Taylor or visit http://www.casalatino.com/.

About Casa Latino Franchise Corporation:
Casa Latino was created in 2005 based upon the premise that Hispanic home buyers and sellers have unique needs based upon cultural differences and lifestyles, bolstered by the fact that those needs are not being effectively served by any other national brand. While the company serves everyone, regardless of heritage, the company's model is designed to provide superior service to a multicultural market. The company offers franchisees unprecedented culturally specific and significant back office support, training, marketing tools, advertising, coaching, and much more to ensure their success. The franchise model encourages a variety of agent compensation programs which dramatically enhance a broker's ability to recruit agents. The low franchise fee and an exceptionally low transaction based royalty structure make Casa Latino an extremely attractive opportunity. Casa Latino has awarded franchises in 14 states and is executing an aggressive growth plan in the USA and several other countries.

Contact:
Kristin Taylor, Public Relations
Casa Latino Franchise Corporation
321-939-1475
www.casalatino.com

Immigrants join Americans in losing homes to the bank

By Eduardo A. de Oliveira:

When Honduran housekeeper Ivone Aguilar lost her Nashua home early last year, she did not expect foreclosures to become a national trend, especially one that would hit the Latino community so hard. At the time, Aguilar's schedule at a local hotel was cut back so drastically that she could no longer afford to pay her adjustable monthly rate on her mortgage, so she had no other choice but to give up her home.

In Hillsborough County there are 186 homes in foreclosure – 42 in Nashua alone – according to Foreclosure properties.com.According to a study by the Pew Hispanic Center, 1 in 10 Latinos missed payment last year, and one-third are concerned that, like Aguilar, they may lose their homes.

The Center for Responsible Lending, a national research group, predicts that for the next couple of years Latino homeowners will incur housing losses totaling $98 billion. But immigrant advocates such as the National Council of La Raza point out that minorities aren't to blame for the housing crisis."It's hard to see how we could have realistically expected first-time home buyers to somehow be better predictors of economic risks and system failures," said Janis Bowdler, associate director of Wealth-Building Policy Project of NCLR, during a national conference call last month.Since then, the Obama administration presented its foreclosure properties prevention program, a $75 billion project that will try to identify homeowners who have at-risk loans and offer incentives to banks and lenders to modify their mortgages.

Although the federal offer came in too late to rescue Aguilar, she praised the effort."I have friends and co-workers who might be able to benefit. At least the government is trying to extend a helping hand," she said.To qualify, a monthly mortgage payment should not be more than 38 percent of the borrowers' monthly gross income – which was the case at the beginning of the contract for most immigrant homebuyers up until subprime rates exploded. Read Full Article Here

Back to http://www.realestatelatino.com/

Hispanic Real Estate Firm Fastest Growing Real Estate Brand in US

Casa Latino opened for business in 2005 and is now the fastest growing real estate brand in the US according to Trend Report 2009. Over 15.1% (45.5 million) of the total US population is Hispanic and this group had its largest growth rate in 2007 growing by 3.3%. (Based on May 2007 Census Bureau Report)

Celebration, Florida (PRWEB) March 15, 2009 -- Casa Latino opened for business in 2005 and is now the fastest growing real estate brand in the US according to Trend Report 2009. Over 15.1% (45.5 million) of the total US population is Hispanic and this group had its largest growth rate in 2007 growing by 3.3%. (Based on May 2007 Census Bureau Report)

However, at Casa Latino it's less about the language barrier and more about the cultural barrier and one of the best examples of this thought process is best described by a member of the Casa Latino executive staff, Jorge Casas. Jorge and his family moved to the US from Venezuela and he began working in Orlando, Florida as a realtor.

A few days after he began his new career, a Hispanic family came into the real estate office where he worked and asked for someone who speaks Spanish. Minutes later Jorge appeared to greet the family. He escorted them to his office and began speaking to them about their housing requirements. The head of the family stopped Jorge in the middle of the conversation and said, "Would you mind speaking in English, my Spanish is very broken." The gentleman didn't necessarily need a "Spanish speaking agent" he needed someone who understood his culture and his very specific housing needs.

Casa Latino CEO, Robb Heering, recently joined forces with Joe La Rosa, VP La Rosa Companies and brought the brand to Central Florida. After acquiring the Area Development rights to Central Florida Casa Latino Real Estate Brand, Joe La Rosa formed Casa Latino Global Development, an entity designed to help develop the Central Florida area and bring into focus the South Florida, Tampa and Puerto Rico markets.

In the past, recessions have been the birthplace of many successful businesses and our current economic recession is no different. Within six months of establishing the new Casa Latino Global Development brand, they opened four new real estate offices and are successfully conducting business. No other real estate brand has ever grown quite like Casa Latino. They are currently on track to surpass their projection of over 150 new offices by 2010.

Their growth is attributed to not only attempting to close the "cultural gap" that has been realized by so many in the real estate industry but is also due, in part, to the way the company operates. For example, the brand provides state-of-the-art technology and support for each new office. They create websites, landing pages, technical support, marketing materials, operations support and much more giving this new real estate brand an edge over the competition. An additional welcomed detail to the new franchisee is the low fees required to do business as a Casa Latino Real Estate office.

They are less than most brands because of the unique business model that was established in the beginning. There's also a real sense of the overwhelming social responsibility that resonates through each member of the Casa Latino team. They're dedicated to creating more than just a business; they're creating community partners. "We're a company that cares and desires for each office owner to give back to their community - this is key to everyone's success, the Franchisee, the Franchise and the community", says Joe La Rosa, President Casa Latino Global Development.

Casa Latino has grown quickly, catching the eye of many, most recently the President of the Puerto Rico Senate, Thomas Rivera Schatz. After learning of the Casa Latino Brand and participating in one of the Central Florida office opening events, Mr. Schatz invited the Casa Latino executives to speak to the members of the Senate regarding their company and their expansion into the Puerto Rican market.

If the current coast to coast excitement and positive growth surrounding the Casa Latino brand is any indication of its future success, they will undoubtedly have a solid year of growth in 2009. From their domestic development goals to the future expansion plans into Peru, Costa Rica, Panama and Columbia, the sky is the limit and they are shooting for the stars.

For more information on Casa Latino, visit their website at http://www.casalatino.com/.
Contact: Kristin TaylorVP-MarketingCompany: La Rosa CompaniesPhone: 321-939-1475Email: ktaylor (at) larosadev (dot) comWebsite: http://www.casalatino.com/

Coldwell Banker trains Latino commercial real estate brokers

Jacksonville Business Journal - by Christian Conte Staff Writer

JACKSONVILLE — After franchisees spent five years building Coldwell Banker residential franchises in Latin America, the businesses there are ready to expand into commercial real estate, and they’re getting help from Jacksonville Coldwell Banker agents.
Eleven Coldwell Banker executives from Colombia, Panama and Brazil recently spent three days at a first-of-its-kind training program at the Coldwell Banker Commercial Benchmark Realty headquarters in Jacksonville.

Helping Latin America develop its commercial brokerage will ultimately benefit Florida by sparking business transactions, said Larry Bernaski, a regional manager of international business development at the public-private partnership devoted to statewide economic development, Enterprise Florida Inc. Already Latin America is one of Jacksonville’s biggest trade partners, particularly Brazil, Venezuela, Colombia and Argentina.

Read full article here!

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Meeting The Market Challenge In 2009

Wells Fargo CineMeeting:

Start: 03/12/2009 - 1:00pm
End: 03/12/2009 - 4:00pm
Timezone: US/Central

Meeting The Market Challenge In 2009Helping Homebuyers Make Informed Decisions
You’re Invited To A Very Important Event

Featured Speakers:


Brian Buffini: Chairman & Founder, "Buffini & Company"David Bach: Founder & President, "FinishRich Media"Andre Brooks: Senior Vice President, "Wells Fargo Home Mortgage"


See and hear some of America’s top real estate and financial experts offertimely information and ideas to help you succeed in a transformed marketplace.Building on the success of last year’s program, this exciting new program willbe broadcast in real time to movie theatres across the country on Thursday,March 12.


You Can’t Afford To Miss This Live Program


Extraordinary changes in the real estate and lending industries have left us inuncharted territory. A new housing landscape is taking shape, and a different kind ofhomebuyer is doing the shopping. This dynamic program will help you understand:


• How to address needs and concerns of today’s homebuyers


• How to guide and educate homebuyers in uncertain times


• How to manage your business and finances for professional and personal successWells Fargo is proud to work together with these fine organizations:


• The Asian Real Estate Association of America


• The National Association of Hispanic Real Estate Professionals


• The National Association of Real Estate Brokers


Don’t Get Left In The Lobby


Full houses are expected in every location, so reserve your FREE seat right away by clicking Register Online. You MUST register by Tuesday, March 10. Your seat will be held until 1:45pm on the day of the event.Click Here To Register


Thursday, March 12, 2009Metropolitan Theatre 14901 Little Texas LaneAustin, TX 78745
1:00pm – 1:55pm Registration & Check-In / Popcorn and Soda/Water Available
1:30pm – 2:00pm On Screen Entertainment
2:00pm – 3:30pm Meeting the Market Challenge in 2009 Program
3:30pm – 3:45pm Wells Fargo Home Mortgage Manager Discusses Local Market Initiatives for 2009
3:45pm Event Concludes


This information is for real estate professionals only and is not intended for distribution to consumers or other third parties. Information is accurate as of the date of printing and is subject to change without notice.


Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. © 2009 Wells Fargo Bank, N.A. All rights reserved.

Casa Latino Real Estate Enters Prince William County

Woodbridge, VA - A new real estate agency might be an imprudent risk in much of the country, let alone here in Prince William County. But that’s not the way they see things at Casa Latino Real Estate.

While other real estate brands are closing their doors and posting millions of dollars in losses, Casa Latino is growing its network here in the Greater Metro DC area with the grand opening of its Woodbridge office – the first of many planned offices to open throughout the area.

According to Mercy Lugo-Struthers, President and Area Developer for Casa Latino in Northern Virginia, DC and Maryland, “Casa Latino’s success is based upon the core philosophy of placing people before profits, of having a passionate servant mentality, combined with the experience, knowledge, tools and resources needed to effectively help the community reach their dreams of sustainable home ownership”.

Mrs. Lugo-Struthers added, “our community has traditionally been either preyed upon or ignored. We’re now left to pick up the pieces that resulted from the behavior and mindset of many players in the industry. Foreclosed homes, devastated finances, and shattered families didn’t simply occur.

These issues were caused by those who preceded us, it’s that simple. We can make one promise to the community – Casa Latino is different and we prove that with our actions every day. I invite the community to allow us the privilege of serving their real estate needs”.

Robb Heering, Casa Latino’s founder and CEO added, “we understand the issues, the struggles, the needs, and the reality of each community we serve. Casa Latino brings a fresh and much needed approach to serving local real estate markets. The Metro DC and specifically, Prince William County is a very deserving market. We need to be here….both to raise the bar of service and to help level the playing field for consumers”.

Casa Latino’s newest location is strategically located at 3985 Prince William Parkway, Suite 204, Woodbridge, VA 22193, and its phone number is 703-348-3911.

About Casa Latino
Casa Latino Real Estate is the only Hispanic and multicultural real estate franchise with a national footprint and the largest Hispanic real estate brand in the world. Beginning in 2005 in Connecticut, the company grew to 20 locations in ten states. By the end of 2008, more than 50 Casa Latino offices had sprung up coast to coast.

Casa Latino was created based upon the premise that Hispanic home buyers and sellers have unique needs based upon cultural differences and lifestyles, bolstered by the fact that those needs are not being effectively served by any other national brand. While the company serves everyone, regardless of heritage, the company’s model is designed to provide superior service to a multicultural market.

# # #

More Info @ http://www.casalatino.com/

Congressional Hispanic Caucus Institute SeeksApplicants for 2009-2010 Fellowship Programs

Deadline February 13, 2009Applications Available Online at apply.chci.org

WASHINGTON, D.C. – The Congressional Hispanic Caucus Institute (CHCI), the nation’s premier Hispanic educational and youth leadership development organization, is seeking applicants for its nationally recognized fellowship programs.Online applications for CHCI’s Graduate & Young Professional Fellowship Program and Public Policy Fellowship Program are available at apply.chci.orgwww.chci.org/.

Individuals that meet the qualifications for the Graduate & Young Professional Fellowship Program are especially in high demand.The Graduate & Young Professional Fellowship Program offers exceptional Latino graduates and young professionals unparalleled exposure to experience in the underserved public policy areas of health, housing, law, international affairs, and science, technology, engineering and math (STEM).

The fellowship is open to applicants with a graduate degree from an accredited educational institution or equivalent three years professional experience in chosen policy field. This competitive program is comprised of a nine-month fellowship including a substantive work placement at a legislative subcommittee office, federal agency, national non-profit advocacy organization, or corporate office.

The International Affairs Fellowship includes three months abroad in Mexico. Travel, health insurance and a $2,700 monthly stipend is provided. The Graduate & Young Professional Fellowship Program application deadline is February 13, 2009.CHCI’s Public Policy Fellowship Program, conducted from September to May, provides college graduates with national hands-on public policy experience in a congressional office, federal agency, nonprofit sector, or corporate setting. Fellowship participants are provided with health insurance, roundtrip transportation to and from Washington, D.C., and a monthly stipend of $2,200.

The Public Policy Fellowship Program application deadline is February 13, 2009.To be eligible, all program applicants must be U.S. citizens or legal permanent residents, have remarkable leadership potential, and have a demonstrated history and commitment to community and public service.About Congressional Hispanic Caucus InstituteCongressional Hispanic Caucus Institute (CHCI), a nonprofit and nonpartisan 501(c) (3) organization, provides leadership development programs and educational services to students and young emerging leaders.

The CHCI Board of Directors is comprised of Hispanic Members of Congress, nonprofit, union and corporate leaders. For more information call CHCI at (202) 543-1771 or visit www.chci.org<www.chci.org/>.

Mortgage/Housing Crisis Hits Latinos: The Press Spins it Again!

Mortgage/Housing Crisis Hits Latinos: The Press Spins it Again!

Author: Joshua Dorkin • URL: http://www.biggerpockets.com/ January 8th, 2009 •

The Associated Press just released a troubling article regarding the Latino community and the housing crisis. If you were to glimmer through the headline and a paragraph or two, you’d think that Latinos are helping drive the housing crisis as a whopping 9 percent happen to be behind in their mortgage payments.

"Nearly one in 10 Latino homeowners fell behind in mortgage payments last year, and about 3 percent said they had received a foreclosure notice, a Hispanic research group reported Thursday.The Pew Hispanic Center’s survey of Hispanic adults found that 9 percent said they missed a mortgage payment or made a partial payment during the past year. "

We’re going to see article after article about this study, and the press will likely put their usual spin on the situation.

Sometimes Bad News is Actually Good News

What most people who see this and the other media pieces won’t get to is the part of the article that tells us that the Latino community is actually handling itself better than the US as a whole.

"The strain felt by Hispanic homeowners seemed consistent with that of all U.S. homeowners. The Mortgage Bankers Association reported last month that a record one in 10 American homeowners with a mortgage was at least one month behind on payments or in foreclosure at the end of September 2008."

So, why is the press not pointing out the fact that there is a 1 percent gap between the rate at which Latinos are faltering and the rate that Americans in general are faltering? Obviously, if you remove the margin of error, there probably isn’t much of a difference in these rates, but why do we have to point out certain communities?

What is shocking is that despite being targeted with subprime and other exotic loans, this community is faring pretty well relative to the rest of the country.
How about the mainstream press write about that?

:) I would like to thanks Joshua for sharing this great blog with our community.

Gracias,

Bill Arce