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ASIAN AMERICAN REAL ESTATE CONVENTION & GALA-REGISTRATION NOW OPEN
- EXPERIENCE THE POWER OF THE ASIAN REAL ESTATE MARKET -
“For any real estate and mortgage company to thrive in the future, the ability to tap the dynamic Asian-American market can no longer be viewed as peripheral to business success,”
~ Emily Moerdomo Fu, 2008 Chair-- AREAA
LEARN
Strategies to advance in a volatile and challenging real estate market
STRENGTHEN
Your market position with new products, marketing skills, services and technology
DISCOVER
Potential opportunities outside the U.S. and connect with decision makers from Asia
GAIN
Best practices to help you prosper in today’s market and build relationships with industry leaders
Breakout sessions include:
- Working with Foreign Clients on US Real Estate Investments
- REO Business and Short Sale Opportunities
- Green Developments
- FHA and Reverse Mortgages
- Mortgage Products Relevant to Immigrant and Asian Homebuyers
- Foreclosure Advice for Homebuyers
- Pursuing International Real Estate Opportunities
Historic Housing Bill Passed
July 31, 2008
President Bush signed the Housing and Economic Recovery Act of 2008 into law earlier this morning, marking a historic effort to restore safety and soundness to the American housing market. The legislation is aimed at helping distressed homeowners avoid foreclosure and stabilizing government sponsored housing enterprises.
In addition to its longtime support of many of the measures, AREAA was successful in putting into law an important provision that will help more Asian American and immigrant consumers obtain low cost financing. Working with a coalition of multi-cultural groups, AREAA successfully included a provision requiring HUD to carry out a pilot program to establish an automated solution for borrowers who have limited traditional credit histories for determining their creditworthiness.
The use of alternative credit ratings such as rent, utilities and insurance payments will assist many Asian Americans and immigrants as well as first time homebuyers in qualifying for FHA insured mortgages. Often times these borrowers must look to less affordable unconventional mortgage programs, regardless of their income or assets, due to a lack of traditional credit history. AREAA believes that this provision will help more of our members and support our mission of expanding housing opportunities.
AREAA Expands Coast to Coast
With its sights set on reaching out to more local communities in 2008, AREAA has recently introduced two new chapters: AREAA of Washington State and AREAA DC Metro Chapter.
Based in Seattle, the Washington State chapter held its inaugural meeting on February 8th with over one hundred supporters in attendance. This chapter represents AREAA’s first major presence in the Pacific Northwest and is led by Windermere associate broker, Jason Watabe. To learn more about AREAA of Washington State, please visit their website by following the link below.
AREAA DC Metro Chapter was founded by Song Hutchins of Wells Fargo and is led by chapter president, Vinh Nguyen. The chapter is celebrating their launch with a gala event on March 25th. Please visit the AREAA DC Metro website for details.
AREAA values the time and dedication of the local chapter leaders, and most of all, commends all AREAA members for their commitment to advancing homeownership opportunities for the Asian American communities they serve.
Connect with the AREAA chapter near you
