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Gerardo Ascencio Named NAHREP President

Juan Martinez installed as President-Elect; Duo Will Lead Nation’s Largest Hispanic Real Estate Trade Group


(SAN DIEGO) March 26, 2012 – The National Association of Hispanic Real Estate Professionals (NAHREP) announced the installation of Gerardo “Jerry” Ascencio, a Southern California-based real estate broker, as the 2012-2013 president of the nation’s largest and fastest growing trade association for Hispanic real estate professionals. Ascencio, who has served as NAHREP’s president elect, joined the national leadership team in 2009 as a member of the national board. He succeeds outgoing President Carmen Mercado of Long Island, NY. Juan Martinez, one of the leading Latino real estate brokers in Nevada, succeeds Ascencio as president-elect. The pair was sworn in during NAHREP’s annual legislative conference last week in Washington D.C. and will serve one-year terms in these roles.

“Jerry Ascencio is part of a movement of young NAHREP leaders that will carry the message of our group and the important role it must play in the housing recovery,” said Gary Acosta, co-executive director of NAHREP. “Jerry is a strong leader and one of the finest communicators in the business. His passion and advocacy will help propel NAHREP in a new era.”

Ascencio, a Mexican immigrant from Michoacán, is a 22-year veteran of real estate. He co-founded his first office, San Fernando Realty, in 1993 with six agents. Today his company employs over 50 agents and is one of the leading brokerages in the greater Los Angeles area. Ascencio has also been an active leader with the Southland Regional Association of Realtors and has served in several leadership positions including their Board of Directors.

Juan Martinez is the broker/owner of RE/MAX Executives in Las Vegas. He is the number one Hispanic Agent in the Silver State closing more than 500 transactions per year. He has placed within the top three agents in closed transactions for the past decade and is the number one Hispanic agent in buyer transactions for the Valley. Martinez is also the former president of NAHREP Nevada, which under his leadership became the first NAHREP chapter in the country to exceed 1000 members. He also serves on NAHREP’s national board and is the national membership committee chair.

Hispanic Real Estate Leaders Recommend Policy Plan That Promotes Access To Homeownership For Latinos, First-Time Buyers

NAHREP Group Says Housing Policy Must Be Shielded From Washington Politics, Preserve Access To Affordable Mortgage Credit For Next Wave of Buyers


(SAN DIEGO/WASHINGTON DC) March 22, 2012 – The nation’s Hispanic real estate leaders presented lawmakers with policy recommendations that are essential to preserving access to homeownership for the next wave of first-time homebuyers, half of whom will be Latino. The six-point plan, which was offered by the National Association of Hispanic Real Estate Professionals during its annual policy event in Washington DC this week, addresses current barriers that challenge Hispanics and other new homebuyers.

“A young, eager new generation of Latino households that were largely unaffected by the housing crisis, have high aspirations for homeownership and are waiting in the wings for their chance to buy homes,” said Carmen Mercado, NAHREP President. “They are the face of the next wave of homebuyers with the purchasing power to revive the housing market.”

Latinos are forecasted to comprise 50 percent of new buyers between now and 2020. Hispanic real estate leaders are recommending a six-point plan that they believe is essential to creating an environment that supports the recovery of the market by making it possible for new buyers to buy homes at record low prices and interest rates, including bank-owned foreclosure properties. The plan calls for:

  • Government support of a mortgage market system that includes FHA, VA, Fannie Mae and Freddie Mac and/or new GSE-like entities;
  • No new taxes, fees (or elimination of the mortgage interest deduction) that would increase the cost of affordable housing;
  • Appropriate budget support for supplier diversity initiatives included in the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Housing and Economic Recovery Act. Increased diversity in the financial services sector, senior management hires and real estate service providers is essential in the future minority-dominant marketplace;
  • Support of distressed property management strategies that help responsible homeowners, favor owner-occupant buyers, promote lease-to-own REO rental options and fast track short sale transactions through servicer incentives;
  • Commonsense immigration reforms that protect our borders; create a pathway to legal residency or citizenship for individuals that have lived and worked in the U.S. for some time; preserve the nation’s labor pool; provide a route to citizenship for children of undocumented individuals and end the climate of hate and intolerance directed at the Latino community.
  • Support for financial education and counseling programs that promote financial literacy among mortgagors

“The choices we make now will set the pace for our nation’s economic recovery. Intelligent, commonsense policy that preserves access to safe, affordable mortgage credit for a mega market of Hispanic consumers will benefit our nation with a purchase cycle that lasts years,” said Gary Acosta, co-founder and co-executive director of NAHREP.

To view the association’s policy recommendations, go to:

President Bill Clinton To Address Hispanic Real Estate Leaders At 2012 NAHREP® Convention In LA


(SAN DIEGO) March 21, 2012 – President Bill Clinton, founder of the William J. Clinton Foundation and 42nd President of the United States, will address Hispanic real estate leaders at the 2012 NAHREP® Membership & Industry Leaders National Convention at the JW Marriott at LA Live in Los Angeles on October 6-9, 2012. The annual meeting is hosted by the National Association of Hispanic Real Estate Professionals®, and is the single largest forum for Hispanics that work in the housing and real estate industry.

“We are thrilled to have President Clinton be a centerpiece of our 2012 program,” said Carmen Mercado, president of the nonpartisan 20,000-member association. “His perspective as a global leader will inspire our members and raise the caliber of our entire program.”

President Clinton served the United States for eight years during a time of unprecedented prosperity and change. Now, President Clinton is a powerful voice for progress around the world as he shares his unique insights and observations with audiences around the world. President Clinton’s public speeches describe the challenge of globalization, emphasize our growing interdependence, and point the way toward a common future based on shared goals and values. Clinton will appear at the association’s general session on October 8th.

Clinton’s appearance is the first time a U.S. president has attended the meeting with Hispanic real estate leaders. The NAHREP® Membership & Industry Leaders National Convention is held annually in the fall and attracts industry experts, corporate executives, nonprofit leaders and Latino real estate practitioners that work in all segments of the housing industry. The event is in its twelfth year and remains the most prominent forum for industry discussions about issues that challenge Hispanic homebuyers and other minority consumers. For more information about the convention, go to: ‘

Don’t Miss Live Streaming Video from The 2012 NAHREP Policy Conference

Couldn’t make it to Washington, DC? Here’s another way to stay in the know about the issues that matter to your clients and your business.

Thursday, March 22, 2012
(Corcoran Ballroom Salon A&B)
video to begin streaming at 11:55 AM EST

12:00-1:30 PM Luncheon: HUD Secretary Shaun Donovan will address the group
Sponsor remarks offered by Glenda Gabriel, Neighborhood Lending Executive, Bank of America

3:00-4:30 PM The State of Hispanic Homeownership
video to begin streaming at 2:55 PM EST

NAHREP Co-Founder Gary Acosta, Armando Falcon, CEO of Falcon Capital Advisors and Alejandro Becerra, Housing Consultant and Author will discuss Latinos as a mega market consumer force and policy that enables them to drive the housing recovery. Additional Remarks made by NAHREP President Carmen Mercado and Senator Robert Menendez. Sponsor remarks by Hon Rodney Hood, National Director of Multicultural Partnerships, Chase.

Friday, March 23, 2012
(Corcoran Ballroom Salon A&B)
video to begin streaming at 8:55 AM EST

9:00-10:30 AM Town Hall on REO to Rentals: The Long-Term Impact of Disposition Strategies on Minority Communities – Is renting a better path to recovery? The benefits and potential tradeoffs of these new disposition strategies and the long term impact to minority communities Speakers include: Brian Hurley, President of New Vista Asset Management, Craig Nickerson, CEO National Community Stabilization Trust; Meg Burns, Senior Associate Director, Federal Housing Finance Agency; Matt Sylvia, SVP, Mortgage Servicing Executive, Bank Of America. Sponsor remarks by Joseph Gutierrez, VP, Community Re-Investment Act Program Manager, Union Bank.

10:45 AM -12:15 PM – video to begin streaming at 10:40 AM EST

Mortgage Market Townhall: Stricter Standards, Higher Costs Create New Barriers for Minority Homebuyers – What is the current state and future of mortgage liquidity in America and what does it mean for Hispanic homebuyers? Speakers include: Mike Heid, President, Wells Fargo Home Mortgage; Tom Duetsch, Executive Director, American Securitization Forum; David Stevens, CEO, Mortgage Bankers Association; Carol Galante, Acting FHA Commissioner; Jason Madiedo, CEO, Venta Financial Group.

NAHREP Report: Hispanic Homebuyer Mega Market Is Emerging

Hispanic Real Estate Leaders Say Youth, Population Growth, Household Formation, High Desire, Labor Force Trend, To Make Latinos An Exponential Force In Housing


(SAN DIEGO) March 12, 2012 – The era of the Hispanic homebuyer is upon us, according to the 2011 State of Hispanic Homeownership Report released this week by the National Association of Hispanic Real Estate Professionals (NAHREP). The 36-page document offers an analysis of data on the Hispanic homebuyer market and points to youth, birth rates, household formation, rising purchasing power, labor trends, educational achievements and desire as key indicators that will make Latinos a major purchase force in the first-time homebuyer market. A digital copy of the report is available for download at:

“Despite recent losses suffered by Hispanics during the housing crisis, young Latino families that were unaffected by foreclosure or lost home values, are ready to enter the market,” said Carmen Mercado, president of the 20,000-member group. “When they do, they will have an exponential impact on housing sales.”

According to the report, demographic forces are aligning with Latinos poised to take center stage as a mega force in housing. Latinos filled 1.4 million or 60 percent of the 2.3 million jobs added to the economy in 2011, are expected to account for 40 percent of the estimated 12 million new households over the next 10 years, and their collective purchasing power is expected to jump 50 percent by 2016 — just four short years from now.

Hispanic homeownership grew by 288,000 units in the third quarter of 2011, accounting for more than half the total growth in owner-occupant homeownership in the United States. Hispanic real estate leaders maintain that while this is just a short-term indicator it is an example of what’s to come as Latino echo boomers move from renting to homeownership. They also predict as Latinos start to buy en masse that total owner-occupant housing units purchased — not homeownership rate — will be the most outstanding metric of the group.

“In recent years, the headlines have focused on foreclosure and wealth losses in the Hispanic community. But the untold story is the growth, labor force participation, higher educational achievements and attitudes toward homeownership that are crystallizing into a trend with Latinos taking center stage as a mega force in housing,” added Mercado.

The report, which was written by former Housing Fellow, Researcher, Author & Watchdog Alejandro Becerra, asserts that due to a combination of forces Hispanics are poised to become a mega consumer force in housing:


  • Population Driver: The Hispanic population expanded 3.5 times between 1980 and 2010. Since 1980, more than two in five (44 percent) persons added to the U.S. population have been Hispanic. From 2000 to 2009, Whites experienced 1.1 births for every 1.0 death, while Hispanics experienced 8.9 births for every death, implying a sizeable widening of the growth rates between the two major population groups. Hispanics were responsible for most of the overall population growth in the country over the past decade.
  • Consumerism: The Hispanic market made up over 50 percent of real growth in the U.S. consumer economy from 2005 to 2008. During that time span, the $52 billion in new Hispanic spending outpaced the $40 billion in new spending by non-Hispanics, with Hispanic consumer spending increasing by 6.4 percent while non-Hispanic spending increased by only 2.9 percent.
  • Labor Force: Latinos filled 1.4 million or 60 percent of the 2.3 million jobs added to the economy in 2011. Hispanics are expected to account for 74 percent of the growth in the nation’s labor force from 2010 to 2020.
  • Mobility: Hispanics are mobile and willing to relocate where employment is available. Hispanics alone drove the population growth of Philadelphia, Phoenix, Indianapolis, Omaha, and Atlanta, and comprised the greatest component of population increases in San Antonio, Fort Worth, and El Paso, and Raleigh and Charlotte, North Carolina.
  • Education: From 2009 to 2010, the number of Hispanic young adults enrolled in college grew by 349,000 (a remarkable increase of 24 percent), compared with a decrease of 320,000 among young non-Hispanic Whites. In 2010, 73 percent of young Hispanics completed high school, up from 60 percent in 2000, and 32 percent of young Hispanics were enrolled in college, up from 22 percent in 2000.


National housing surveys continue to demonstrate that Hispanics strongly aspire to become homeowners in spite of uncertainty over jobs and the general economy. In particular, surveys also show that almost two in three Hispanic renters maintain high aspirations for owning a home.

Hispanic real estate leaders assert that changes in the nation’s housing finance system must be made to accommodate the mega force of first-time homebuyers entering the market between now and 2020. This includes creating access to affordable, safe mortgage products and low-priced bank owned properties that meet financing standards, among other measures.

“New household growth will be substantially greater for Hispanics than for any other demographic group in the country,” said David Stevens, president of the Mortgage Banker’s Association. “The need to recognize the most critical variables in housing type, price range, affordability, and mortgage product terms will be critical for all housing stakeholders — from lenders and realtors to policy makers — in order to ensure that the homeownership needs of Hispanics and other Americans are met.”

The 2011 State of Hispanic Homeownership Report includes policy recommendations from Hispanic real estate leaders that are needed to accommodate new buyers. This includes: Improved access to affordable mortgage financing, no new taxes or increased fees on mortgages, increased supplier diversity, improved access to REO listings for owner-occupant buyers, sensible immigration reforms and continued financial education for mortgagees.

Hispanic Real Estate Leaders To Discuss Immigration, REO Strategy Impacts, Stringent Credit Practices, New Homeownership Barriers At Annual Policy Meeting


(SAN DIEGO) February 1, 2012 – Hispanic real estate leaders will meet in Washington D.C. next month to discuss the state of Hispanic homeownership and key policy issues like immigration, tight credit practices, REO disposition strategies and new regulations that present barriers to first-time home buyers. The midwinter meeting is hosted by the National Association of Hispanic Real Estate Professionals (NAHREP) and will be held March 21-23, 2012 at the Four Seasons Hotel. For more information about the event, go to:

The annual meeting is the largest forum of its kind on Hispanic homeownership and attracts housing experts, corporate executives, elected officials and Latino real estate leaders from across the nation.
This year, Latino leaders will visit Capitol Hill and present representatives with the group’s policy recommendations on key housing issues that affect Hispanic homebuyers. The minority association will also release its annual State of Hispanic Homeownership Report at the meetings.

“With young Latino families eagerly waiting on the sidelines to buy homes, these discussions are imperative to addressing barriers that stand between them and homeownership,” said Carmen Mercado, NAHREP president. “With the right programs in place, our community — by virtue of its sheer population clout, can drive the purchase of low-priced housing and help stimulate the recovery.”

The group will hold town-hall general session meetings on:

  • Owner Occupancy Versus REO Rentals: The Long-Term Impact of Disposition Strategies on Minority Communities;
  • Mortgage Market Update: Stricter Standards, Higher Costs Create New Barriers for Minority Homebuyers; and
  • The State of Hispanic Homeownership: Hispanic leaders’ blueprint for real estate recovery driven by Hispanic purchasing power.

In the third quarter of 2011, Hispanic homebuyers accounted for 53% of home purchase transactions. The rapid rise in the Hispanic population and the increase in college-educated Latinos make them a likely consumer force to drive first-time home purchases. Policies and programs that enable these consumers to buy homes will benefit the housing market and local communities given the purchase cycle that accompanies homeownership, according to Hispanic real estate leaders.

Hispanic Real Estate Leaders Commend Obama’s Move To Resurrect ‘Dream Act’ Immigration Bill, Streamline Refinancing Opportunities For Distressed Homeowners


(SAN DIEGO) January 25, 2012 – Hispanic real estate leaders commend President Obama for remarks in his State of The Union address that will seek to resurrect the Dream Act bill and a path to citizenship for young illegal immigrants and propose new streamlined refinancing processes for distressed homeowners hoping to avoid foreclosure. Both measures would create positive changes in the Hispanic community and have an impact on Hispanic homeownership, according to the bipartisan 20,000-member National Association of Hispanic Real Estate Professionals.

“New, higher educated and accomplished young Latinos are poised to become a force in the next generation of homeowners. Immigration reforms that make it possible for the children of illegal immigrants to be a productive force in America will benefit us all,” said Carmen Mercado, NAHREP President.

“Our Latino families who are also struggling to avoid foreclosure and the communities in which they live will benefit from streamlined refinancing processes that enable them to remain in their homes. We applaud the president for these solutions,” added Mercado.

NAHREP, which commended Richard Cordray’s appointment recently as consumer chief, also favors solutions that are now in discussion that will offer more aggressive steps to modify mortgages that help ailing homeowners lower their monthly payments. Members of the minority trade group also feel that Latino communities will be stabilized quicker through programs and measures that expedite short sales transactions and enable new, young and eager creditworthy Latino homebuyers to obtain financing and purchase low priced housing inventory.

In the third quarter of 2011, Hispanic homebuyers accounted for 53% of the nation’s home purchase transactions. The rapid rise in the Hispanic population and the increase in college-educated Latinos make them a likely consumer force to drive first-time home purchases, according to Hispanic real estate leaders.

NAHREP Report: Latinos, First-Time Homebuyers Are The Key To The Housing Recovery

Hispanic Real Estate Trade Group Offers State of Hispanic Homeownership Report and Asserts That High Desire, Buying Power of Minority Buyers Can Drive Home Sales

(SAN DIEGO) June 16, 2011 – The National Association of Hispanic Real Estate Professionals (NAHREP) has published a report “The State of Hispanic Homeownership” that offers an overview of compelling data on the Hispanic homebuyer market and why it is poised, due to its population size, high desire and buying clout, to drive first-time homebuyer purchases and accelerate the nation’s economic recovery. A digital copy of the report is available for download at:

According to the report, minorities and immigrants will drive growth in housing demand due to their population size, age and greater propensity to be married with children. In particular, within the next 15 years, they are expected to drive demand for condominiums, smaller starter homes and first trade-up homes. They are also expected to represent a rapidly growing segment of the middle and middle-upper markets for housing.

“The Latin boom has been forecasted for years but we are now seeing the front edge of it and it has the potential to help the nation’s housing system get back on track if we can create a safe credit environment for new buyers to get into the market,” said Carmen Mercado, president of the 18,000-member trade group. “Our report quotes data from a number of sources that highlight the fact that enthusiasm for homeownership in the Hispanic community remains as strong as ever.”

The report, which was penned by former Housing Fellow, Researcher, Author & Watchdog Alejandro Becerra, asserts that a combination of forces make it likely that Hispanics are poised to reinvigorate the ailing housing market including:

  • Hispanics are now the largest minority group in the nation and represent a growing portion of the age group 26 to 46 years of age that are involved in most home sales
  • More than other population groups, Hispanics can pick up stakes and move to other parts of the country in search of better jobs and more affordable housing;
  • Hispanics continue to attain steady gains in income, education and entrepreneurship and demonstrate a strong work ethic, desire to succeed and purchase power enabling more of them to achieve homeownership;
  • The current environment of record low interest rates, government-backed loans and less predatory lending are making sustainable homeownership more affordable.

Past national housing surveys also reveal that Hispanics strongly aspire to become homeowners and are more motivated than the general population to buy a home for both emotional and financial reasons. Strong family values, larger family sizes compel this group by a wide margin to yearn for a place to call home. Fifty-seven percent of Hispanics consider owning a home a symbol of success, compared to only 33 percent of all Americans.

While Hispanics have been severely impacted by foreclosure, the larger population of potential homebuyers were unaffected by the crisis and demonstrate an eagerness to become homeowners. The association’s report maintains that tight credit, higher fees, stricter underwriting requirements continue to remain barriers and that down payment assistance and savings programs are crucial to enabling buyers to afford homes even at present historic low prices.

While policy makers, industry leaders and consumer groups are in the midst of an intense debate around Qualified Residential Mortgages (QRM) and other key issues the report advocates for housing policy that protects consumers but allows for an industry that can adequately serve and meet the affordable housing needs of low- and moderate-income households.

“In the climate of crisis, we must resist over reaching with regulations that make homeownership more expensive for millions of responsible consumers who have the buying power to revitalize our fragile housing market. Homeownership remains a cornerstone of family stability and long-term wealth creation,” added Mercado.

NAHREP: Proposed QRM Regulation Will Impact Minority Homebuyers’ Ability to Get Affordable Mortgages

(SAN DIEGO/Washington D.C.) April 5, 2011 – The National Association of Hispanic Real Estate Professionals (NAHREP) raised concerns today about the proposed regulation by Federal financial regulators that would require a minimum 20 percent down payment for “qualified residential mortgages” that are exempt from mortgage backed securities risk retention rules. The 18,000-member trade association said the very narrow QRM definition would adversely impact minority and first-time homebuyers’ ability to get affordable mortgage financing.

“By mandating a 20 percent down payment on qualified residential mortgages, we are concerned that this regulation as proposed will have a negative impact on the ability of minority and first-time homebuyers to obtain an affordable mortgage to buy a home. Government policy should not put minority and first-time homebuyers in a position where they are once again vulnerable to predatory lending practices and forced into high cost mortgages,” said NAHREP Chairman Carmen Mercado.

The definition of QRM is important because it will determine the types of mortgages that will be offered at a lower cost to a consumer. NAHREP supports the overall goal of the QRM and the regulatory agency’s effort to create a strong underwriting framework that promotes responsible lending and borrowing.

Narrow underwriting guidelines for “prime” loans created the opportunity for the proliferation of “subprime” lending. If the right balance around QRM definition isn’t reached, regulations will create a similar scenario for non-QRM lending, the group maintains. Data released this week by the Federal Housing Finance Agency estimated that only 30% of the mortgages originated in 2009 and purchased by Fannie Mae and Freddie Mac would have qualified for QRM treatment.

“A government regulation that categorizes 70 percent of borrowers as subprime is just wrong and bad policy,” Mercado added.

Minority Real Estate Leaders AREAA, NAHREP, NAREB Say Government Efforts Are Failing to Meet the Needs of Multicultural Homebuyers

Coalition Recommends Five-Point Plan & Diversity to Support Sustainability, Accountability & Responsibility

WASHINGTON, DC (March 15, 2011)–Saying millions of Americans are being left out of the American dream of homeownership, the nation’s three largest organizations representing multicultural real estate professionals, Asian Real Estate Association of America (AREAA), the National Association of Hispanic Real Estate Professionals (NAHREP), and National Association of Real Estate Brokers (NAREB), today called upon policy makers to do more for minority homebuyers.

This call to action comes after AREAA, NAHREP, and NAREB met in Washington DC to discuss regulatory and policy changes to preserve access to homeownership for people of color.

“Overwhelmingly, the members of our three organizations agree that the lack of mortgage financing is the single-biggest challenge facing minorities who want to buy homes,” said Kenneth Li, AREAA chairman. “The government’s housing recovery efforts have not gone far enough to improve the situation facing minority homeowners.”

At the March 3-4 Multicultural Real Estate & Policy Conference in Washington DC, members of AREAA, NAHREP, and NAREB were surveyed on their views of the home buying market and economic recovery efforts.

According to the survey results, nearly 80 percent of the attendees responded they “believe that the current policy efforts have done little to improve the situation facing minority homebuyers.”

Attendees also felt strongly that an active secondary market role is needed by the government to ensure that all homebuyers have access to the American dream of homeownership.

“These are real estate professionals who are out in the community, trying to help hard-working Americans
achieve their dreams of buying homes, and they are confirming what we have long suspected – that their
clients cannot get loans,” Carmen Mercado, Chair of NAHREP said.

In the survey of attendees, “mortgage financing availability” was cited as the single-greatest factor facing the multicultural real estate community. Additionally, respondents cited “tight underwriting requirements” as the greatest challenge facing prospective homebuyers looking to obtain financing.

To stabilize the home-buying market for minorities, the organizations issued a joint report entitled “The Five
Point Plan: Refocusing the Future of Minority Homeownership.”

“Our Five-Point Plan is designed to bring common sense and a balanced approach to restoring the dream of
homeownership to everyone. None of us wants to have homeownership a dream deferred or denied,” NAREB President and CEO Vincent Wimbish stated.

The Five-Point Plan focuses on sustainability, accountability and responsibility on the part of all parties in a real estate transaction. It calls for more diverse solutions to meet the future housing needs, and demands more preparation and responsibility on part of consumers and the industry alike. It also calls on the industry to develop unique and innovative solutions to the housing challenges facing the multicultural communities today and in the future.

Specifically, The Five-Point Plan calls for:

  • A balanced regulatory approach that will support and encourage sustainable homeownership for qualified and responsible consumers seeking to purchase a home;
  • Increased diversity in the financial services arena and adequate oversight of minority business utilization and senior management hires;
  • Maintaining strong government support of the secondary market system that includes the broad network of primary lenders, government-supported securitization agency, and FHA that collectively works to broaden credit availability for all communities at all times;
  • Strong consumer protection oversight to restore consumer and market confidence in homeownership; and
  • Mandatory financial education for all first-time homebuyers that prepares them for the responsibilities, risks and rights associated with homeownership.

The Plan includes specific recommendations for each of the Five Points. Visit,, or to download the Five-Point Plan.