"Sustainable homeownership" refers to the ability of homeowners to maintain and manage their homes in a responsible and lasting way. It means being able to afford mortgage payments, property taxes, insurance, and home maintenance over the long term without facing financial hardship or the risk of losing the property.
Full definition
Membership includes housing and real estate professionals of all cultural backgrounds and is open to those who support the mission of increasing
sustainable homeownership in the Asian community, the association says.
That mission involves
promoting sustainable homeownership opportunities for Asians by creating a strong voice for housing and real estate professionals who serve the dynamic Asian market.
That's according to findings of a new white paper titled, «Hurdles to Homeownership: Understanding the Barriers» released Friday in recognition of National Homeownership Month at the National Association of Realtors ®
Sustainable Homeownership Conference at University of California, Berkeley.
Additionally, Realtors ® are seeking to
protect sustainable homeownership by advocating for responsible reform of the secondary mortgage market, prohibiting the use of mortgage guarantee fees for any purposes other than credit - risk management and improving consumer protections for energy efficiency improvement loans.
The rest of the mortgage industry, along with the next generation of homeowners, can learn a lot
about sustainable homeownership from this crucial loan program, which has helped more than 18 million people secure home financing since 1944.
«Freddie Mac's HomeOne mortgage is part of the company's ongoing efforts to support responsible lending,
provide sustainable homeownership and improve access to credit,» says Danny Gardner, senior vice president of single - family affordable lending and access to credit at Freddie Mac, in a release.
Read more about a new white paper titled, «Hurdles to Homeownership: Understanding the Barriers» released on June 9 in recognition of National Homeownership Month at the National Association of REALTORS
® Sustainable Homeownership Conference at University of California, Berkeley.
«Realogy continues to be at the forefront of the real estate industry's support for professional organizations that strive to educate and empower industry professionals who serve the underserved markets with the goal of
increasing sustainable homeownership rates within its constituents,» said Tanya Reu - Narvaez, senior vice president of human resources, Realogy Franchise Group & Corporate.
U.S. Mortgage Insurers (USMI) offers real solutions to housing finance reform that ensure broader access to
sustainable homeownership while reducing taxpayer risk.
The Envisioning Homeownership program builds on these successes by helping clients attain affordable and
sustainable homeownership with the continued assistance of an NFCC - certified counselor.
In a statement, Timothy J. Mayopoulos, Fannie Mae's president and chief executive, said the goal was to «
make sustainable homeownership a reality in communities across the country while reducing risk for taxpayers.»
The new low - down payment program, yourFirst Mortgage, which went live on Monday, offers lower out - of - pocket costs, expands credit criteria and pushes homebuyer education to help more first - time homebuyers and low - to moderate - income families
achieve sustainable homeownership.
Gwizdz added, «Wells Fargo historically has put a lot of effort put
into sustainable homeownership, and it's been very clear to use over the last couple years that one of the barriers has been the down payment.»
Founded in 2003, AREAA is an international professional trade organization dedicated to
promoting sustainable homeownership opportunities in Asian North American communities, by creating an international voice for the housing and real estate professionals that serve the market.
For new purchase loans, at least one borrower on every HomeReady ® transaction must complete the Framework online education program to learn more
about sustainable homeownership and prepare for the loan process.
«Freddie Mac's HomeOne mortgage is part of the company's ongoing efforts to support responsible lending,
provide sustainable homeownership and improve access to credit,» said Danny Gardner, senior vice president of single family affordable lending and access to credit at Freddie Mac.
«We look forward to seeing the positive impact on local communities and the continuation of our long standing relationship to
advance sustainable homeownership for Hispanic - Americans,» Jerry Ascencio, chairman of the NAHREP Foundation, said in a statement.
Lori is committed to making a difference in the life of veterans as a board member for the Veterans Association of Real Estate Professionals, a nonprofit dedicated to
increasing sustainable homeownership, financial - literacy, Veterans Administration loan awareness, and economic opportunity for the active - military and veteran communities.
«It's critical for homeowners and the housing recovery that there be a balance between inadvertently exposing consumers to risky mortgages and unduly restricting liquidity and denying or delaying creditworthy borrowers from achieving the dream
of sustainable homeownership,» says Veissi.
MI provides loan level protection against first losses on individual low down payment mortgage loans — and in doing so, promotes broad access to
sustainable homeownership for credit worthy borrowers while enhancing stability and liquidity in the housing finance system.
We look forward to continuing our work with Mayor de Blasio to promote and protect affordable and
sustainable homeownership in New York City,» said Christie Peale, Executive Director of the Center for NYC Neighborhoods.
For 60 years private mortgage insurance has played a leading role in promoting affordable and
sustainable homeownership and we look forward to building upon our success in the future.»
Private mortgage insurance (MI) has facilitated affordable and
sustainable homeownership for families with low down payments for 60 years.
Pre-purchase counseling is the link to
sustainable homeownership.
These lenders are focused on
sustainable homeownership, and want to avoid the high cost of delinquencies and foreclosure.
# 3 Wells Fargo LIFT Programs To support
sustainable homeownership and build local communities, Wells Fargo offers down payment help and financial education to potential home buyers.
To support
sustainable homeownership and advance neighborhood stability, the Wells Fargo NeighborhoodLIFT program looks to the future by delivering down payment assistance and financial education to homebuyers in collaboration with NeighborWorks ® America and local nonprofit organizations.
This Marymount University alumna gives back to her community by teaching seminars on
sustainable homeownership and conducting pre-foreclosure clinics.
An international, non-profit, professional trade organization geared to promoting
sustainable homeownership opportunities for Asian communities in North America with the help of a network of housing and real estate professionals, AREAA's mandate is to provide international referral, networking and educational opportunities to its 13,000 members worldwide.