Houston, TX (PRWEB) November 13, 2012
The National Association of Genuine Estate Brokers, Inc. (NAREB), will host the Final of several analysis and policy sessions focused on The State of Housing in Black America (SHIBA). NAREB will be issuing their Public Policy update on housing in the African American neighborhood and will host a forum to present business lead Solutions on Friday, November 16, 2012, 1:303:30 p.m., on the historic campus of Texas Southern University (TSU) in the Auditorium of the Roderick E. Paige Education Building, (3100 Cleburne Street), in Houston.

As opposed to the Concerns Forums previously held in New Orleans, Atlanta, Washington, DC and Cleveland, the Forum in Houston will concentrate on the findings and solutions that have been developed in consultation with market authorities, and nearby and national political and community leaders such as: Maurice Jourdain-Earl (Compliance Tech), Dr. LaVaughn (Federal Reserve, Dr. Benjamin Chavis (Co-Founder, HSAN), Rev. Dr. Otis Moss Jr. (Retired Pastor of the Olivet Institutional Baptist Church of Cleveland Ohio Congressman Elijah E. Cummings (MD-11th District) Congressional Delegate Eleanor Holmes Norton, (DC) and United States Senator Sherrod Brown (OH).

At the Houston Solutions Forum, NAREB will present its 2012 Post-Recession Housing Recovery Policy Paper which will concentrate on many subjects that are at the moment impacting, and will continue to impact, minority communities across the country such as Foreclosure Mitigation, Neighborhood Blight, and Disaster Recovery.

According to Housing Predictor (2012), ten million property owners will encounter foreclosure by way of 2012. And CoreLogic (2012) reports that there are 1.four million residences at the moment in the foreclosure inventory. A study by the Mortgage Bankers Association indicates that about three.25 million borrowers are delinquent on their loans and in danger of losing their houses. For mortgages produced among 2004 and 2008, around one quarter of all Latino and African-American borrowers lost their homes to foreclosure.

The nation is faced with a continuing crisis and proposed options have therefore far met with limited accomplishment, says NAREB President, Julius Cartwright. For instance, much more than 1 million of the two.four million loan modifications completed from 2008 to 2011 have ended up back in delinquency or foreclosure.

Hence, the Houston SHIBA Solutions Forum will highlight the Report of our Findings. The solutions will concentrate on preservation of homeownership, as well as the creation of sustainable homeownership for men and women and families trying to attain that dream. Not only has an amazing amount of wealth been lost as a result of the mortgage crisis, but it is not being rebuilt due to lack of access, says Cartwright. NAREB feels that this need to be discussed and addressed, and hence, the goal of this Forum and Report.

There are a lot of things that have occurred in the African American neighborhood and other communities of color relating to the housing crisis that many individuals are not aware of, Cartwright continued. Thats why we are anxious to share all of our investigation and have a productive dialogue with the public, so that individuals will understand the ongoing impact in African American communities and in other ethnic minority communities, across the nation.

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The National Association of True Estate Brokers (NAREB) was formed in 1947 by African American actual estate pros out of a need to have to secure the right to equal housing opportunities, regardless of race, creed or colour. NAREB has a vast network of sector professionals which includes: Realtists, brokers, sales agents, appraisers, mortgage brokers, and loan officers, as effectively as practical authorities in pre- and post- counseling, loss mitigation, foreclosure, property management, housing building, and improvement. For more than 60 years, NAREB has participated in meaningful legal challenges and has supported legislative initiatives that ensure the availability of fair and inexpensive housing for all Americans. NAREB is the oldest minority true estate trade association in America.