Wednesday, November 08, 2006
SE AVECINA NUEVA POLITICA DE CREDITO PARA EXTRANJEROS QUE PODRIA GENERAR UN BOON EN LA VENTA DE PROPIEDADES NUEVAMENTE
MARRERO REAL ESTATE BROKERAGE LLC
JOSE RAUL MARRERO
REAL ESTATE BROKER LIC
UN MARAVILLOSO DIA A TODOS
EXISTEN UNA GRAN CANTIDAD DE POTENCIALES COMPRADORES DE PRIMERA RESIDENCIA EN ESTADOS UNIDOS QUE SE ESTARAN BENEFICIANDO CON LOS CAMBIOS PROPUESTOS DEL METODO TRADICIONAL PARA APROBAR UN CREDITO HIPOTECARIO SIN NUMERO DE SEGURO SOCIAL QUE EN ESTE MOMENTO SON RECHASADOS POR LAS MAYORES CASAS DE CREDITO EN LOS ESTADOS UNIDOS.
VARIAS EMPRESAS CREDITICIAS ESTUDIAN ESTE MERCADO QUE REPRESENTA UNA SUMA DE ALREDEDOR DE 200 BILLONES DE DOLARES.POR EJEMPLO ESTO SERIA IMPACTANTE EN EL ESTADO DE CALIFORNIA, TEXAS, FLORIDA Y OTROS TERRITORIOS DE LOS ESTADOS UNIDOS
YA EXISTEN ALREDEDOR DE 200 EMPRESAS DE BIENES RAICES, MORTGAGE BROKER Y OTRAS EMPRESAS RELACIONADAS CALCULANDO RIESGOS A BASE DE RECIBOS DE UTILIDADES, COMPROBANTES DE CHEQUES DE RENTAS,Y OTROS PAGOS.
DE SER ACEPTADO EN WALL STREET Y EN EL MERCADO SECUNDARIO COMO FANNIE MAE, ESTA NUEVA METODOLOGIA DE REPORTE DE CREDITO PODRIA IMPACTAR SIGNIFICATIVAMENTE EL ACTUALMENTE MERCADO DE BIENES RAICES SEGUN LA OPINION DE MUCHOS EN ESTA INDUSTRIA.
EN UN ESTUDIO REALIZADO POR LA UNIVERSIDAD DE HAVARD REALIZADO RECIENTEMENTE, PRESENTO UNA PROYECCION EN LA CUAL UNA TERCERA PARTE DEL MERCADO DE COMPRA DE RESIDENCIA PARA EL 2010, SERA PROVENIENTE DEL MERCADO HISPANO.
A CONTINUACION INFORMACION ADICIONAL
A study by the Joint Center for Housing Studies at Harvard University shows Latinos will account for nearly one-third of the home-buying pool by 2010. That same year, the disposable income of Hispanics will exceed $1.08 trillion, or 9.2 percent of total purchasing power nationwide, according to the Selig Center for Economic Growth at the University of Georgia.
No law requires that buyers be in the country legally in order to purchase real estate, Acosta said. Citibank, for instance, doesn't require that borrowers be citizens or legal residents of the United States, Citigroup spokeswoman Janis Tarter said.
As with many other minority and immigrant communities, bringing Hispanic families into the mortgage market is a continuing challenge, say officials at Federal Reserve Banks across the country.
Community groups from California to Atlanta have begun offering financial education classes in Spanish as the number of mortgage products available to immigrants and underserved populations has grown.
In Fresno, the housing advocate ACORN Housing Corp. helps clients secure loans by writing alternative credit profiles, which often draw on months of data from telephone bills and employment records, said Lydia Lopez, the group's local manager.
Once ACORN vets the client's financial stability, they send them to Citibank, which finances the home loans.
Automating that process by using programs like First American Corp.'s Anthem service, which generates a credit score using nontraditional data, will help new immigrant clients win prime-grade financing and acceptance in the secondary market, said Acosta.
"Right now, those applications might be the last thing to sit in a loan officer's 'Inbox' when he's trying to leave at the end of the day," said Mark Catone, First American's senior vice president. "Rather than someone having to review all the information manually, we're trying to fill in the gaps early on."
Acosta said the group was discussing the alternative credit programs with officials at Fannie Mae and Freddie Mac.
Both companies require that borrowers for loans they underwrite be legal residents, but Fannie Mae accepts some alternative credit data.
"One of our most widely used products uses rental housing payments and utility accounts to underwrite loans for people who lack traditional credit records," said Cristina Miranda, a Fannie Mae spokeswoman. "We keep on looking at the impact that certain changes will have on the impact of minority homeownership."
JOSE RAUL MARRERO
MARRERO REAL ESTATE BROKERAGE LLC
407-436-5140
78-486-7906
TODOS SOMOS GUERREROS DE LUZ!
ESTA NAVIDAD REGALA ALEGRIA
www.cantoresdebayamon.com
JOSE RAUL MARRERO
REAL ESTATE BROKER LIC
UN MARAVILLOSO DIA A TODOS
EXISTEN UNA GRAN CANTIDAD DE POTENCIALES COMPRADORES DE PRIMERA RESIDENCIA EN ESTADOS UNIDOS QUE SE ESTARAN BENEFICIANDO CON LOS CAMBIOS PROPUESTOS DEL METODO TRADICIONAL PARA APROBAR UN CREDITO HIPOTECARIO SIN NUMERO DE SEGURO SOCIAL QUE EN ESTE MOMENTO SON RECHASADOS POR LAS MAYORES CASAS DE CREDITO EN LOS ESTADOS UNIDOS.
VARIAS EMPRESAS CREDITICIAS ESTUDIAN ESTE MERCADO QUE REPRESENTA UNA SUMA DE ALREDEDOR DE 200 BILLONES DE DOLARES.POR EJEMPLO ESTO SERIA IMPACTANTE EN EL ESTADO DE CALIFORNIA, TEXAS, FLORIDA Y OTROS TERRITORIOS DE LOS ESTADOS UNIDOS
YA EXISTEN ALREDEDOR DE 200 EMPRESAS DE BIENES RAICES, MORTGAGE BROKER Y OTRAS EMPRESAS RELACIONADAS CALCULANDO RIESGOS A BASE DE RECIBOS DE UTILIDADES, COMPROBANTES DE CHEQUES DE RENTAS,Y OTROS PAGOS.
DE SER ACEPTADO EN WALL STREET Y EN EL MERCADO SECUNDARIO COMO FANNIE MAE, ESTA NUEVA METODOLOGIA DE REPORTE DE CREDITO PODRIA IMPACTAR SIGNIFICATIVAMENTE EL ACTUALMENTE MERCADO DE BIENES RAICES SEGUN LA OPINION DE MUCHOS EN ESTA INDUSTRIA.
EN UN ESTUDIO REALIZADO POR LA UNIVERSIDAD DE HAVARD REALIZADO RECIENTEMENTE, PRESENTO UNA PROYECCION EN LA CUAL UNA TERCERA PARTE DEL MERCADO DE COMPRA DE RESIDENCIA PARA EL 2010, SERA PROVENIENTE DEL MERCADO HISPANO.
A CONTINUACION INFORMACION ADICIONAL
A study by the Joint Center for Housing Studies at Harvard University shows Latinos will account for nearly one-third of the home-buying pool by 2010. That same year, the disposable income of Hispanics will exceed $1.08 trillion, or 9.2 percent of total purchasing power nationwide, according to the Selig Center for Economic Growth at the University of Georgia.
No law requires that buyers be in the country legally in order to purchase real estate, Acosta said. Citibank, for instance, doesn't require that borrowers be citizens or legal residents of the United States, Citigroup spokeswoman Janis Tarter said.
As with many other minority and immigrant communities, bringing Hispanic families into the mortgage market is a continuing challenge, say officials at Federal Reserve Banks across the country.
Community groups from California to Atlanta have begun offering financial education classes in Spanish as the number of mortgage products available to immigrants and underserved populations has grown.
In Fresno, the housing advocate ACORN Housing Corp. helps clients secure loans by writing alternative credit profiles, which often draw on months of data from telephone bills and employment records, said Lydia Lopez, the group's local manager.
Once ACORN vets the client's financial stability, they send them to Citibank, which finances the home loans.
Automating that process by using programs like First American Corp.'s Anthem service, which generates a credit score using nontraditional data, will help new immigrant clients win prime-grade financing and acceptance in the secondary market, said Acosta.
"Right now, those applications might be the last thing to sit in a loan officer's 'Inbox' when he's trying to leave at the end of the day," said Mark Catone, First American's senior vice president. "Rather than someone having to review all the information manually, we're trying to fill in the gaps early on."
Acosta said the group was discussing the alternative credit programs with officials at Fannie Mae and Freddie Mac.
Both companies require that borrowers for loans they underwrite be legal residents, but Fannie Mae accepts some alternative credit data.
"One of our most widely used products uses rental housing payments and utility accounts to underwrite loans for people who lack traditional credit records," said Cristina Miranda, a Fannie Mae spokeswoman. "We keep on looking at the impact that certain changes will have on the impact of minority homeownership."
JOSE RAUL MARRERO
MARRERO REAL ESTATE BROKERAGE LLC
407-436-5140
78-486-7906
TODOS SOMOS GUERREROS DE LUZ!
ESTA NAVIDAD REGALA ALEGRIA
www.cantoresdebayamon.com
