The American Rental Market


Did you know that there are 43 million people in the U.S. who live in rental properties? According to America’s Rental Housing: Expanding Options for Diverse and Growing Demand, a study by the Joint Center for Housing Studies of Harvard University, the number of renters has increased by 9 million since 2005; we have not seen such a surge since the mid ’60s. Continue reading

Cities with the Most Competitive Homebuyers


This week, Redfin released their ranking of the most competitive neighborhoods for buying homes in 2015 and the cities on the list come as no surprise. Four cities—Boston, Seattle, Denver and Portland—boast of such healthy housing markets, bolstered in no small manner by their thriving tech scenes, that they are home to the top 30 most competitive housing neighborhoods of this year. Continue reading

Diversity and Inclusion: A Millennial’s Standpoint


Traditionally, Diversity and Inclusion (D&I) in a workplace mean the representation and acceptance of people regardless of their race, gender, religion and other factors. Millennials, who will comprise 75 percent of the workforce by 2025, have a different perception; even though they respect the old norm, for them D&I is more about intellectual acceptance.

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Retail Jobs from Coast to Coast


By most accounts 2015 was a decent year for many builders, lenders, and real estate firms – especially here in Texas where I’m spending a few days with Fairway Independent Mortgage. Speaking of which, here are the hottest real estate markets according to NAR. As expected, the Bay Area tops the list, and California urban areas are well represented. What wasn’t so hot were the stocks of publicly held companies in real estate with names like Stonegate (-60%) and Nationstar (-52%).
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Merry Christmas from NAWRB!


It’s Christmas Eve and NAWRB would like to wish our community a merry Christmas and happy holidays! We hope that you are spending these celebratory days away from work, with family, friends and good food. At NAWRB headquarters, the Christmas spirit is alive and well; our holiday mixer was a couple days ago, we had a secret Santa gift exchange yesterday, we have Christmas lights throughout the office and there is Christmas music playing.

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Patricia Arvielo

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President and Co-founder of New American Funding

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With over 30 years of experience in the mortgage industry, Patty Arvielo has helped create one of the fastest growing mortgage bankers in America, New American Funding. From running around the streets of Tijuana to walking the Great Wall of China, she recounts her formative experiences and describes how she is the American Dream.


NAWRB: What inspired you to enter the mortgage industry at the age of 16, and at that time, what did you envision being your lifelong career? Are you interested in any other professional fields, and did you ever consider career paths outside the mortgage industry?

Patricia Arvielo: I don’t know that anybody that I’ve ever spoken to in almost 35 years of being a mortgage banker has had the dream of being a mortgage banker. I fell upon an entry-level job because even though I was very young, I was inspired by earning the almighty dollar. TransUnion Credit happened to be the highest paid hourly job I could find. I got that job when I was 16 and I was a data entry clerk for thecompany, whereby I would input derogatory credit on mortgage factual reports. At that point I would take the calls from the people ordering the reports and I would ask them questions like, “Why do you need these reports?” and they said, “Because we do mortgage loans.” So I asked, “What’s that take? How much do you make?” They made more than I did so of course I went and looked for an entry-level job at a mortgage company. Again, being very young, my motivation and inspiration was to make more money and become independent so I could buy a new car and wear the clothes I wanted; as you can imagine, being a 16 or 17-year-old girl, that was important.
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Does it Cost More to be a Woman than a Man in New York City?


Women already have a tough time getting on par with men in the corporate world, do we now have to fight against gender bias in product pricing too? From Cradle to Cane: The Cost of being a Female Consumer, A Study of Gender Pricing in New York City is a study conducted by the New York City Department of Consumer Affairs (DCA). Continue reading

NAWRB Receives Approval as Freddie Mac HomeSteps Diversity Supplier

Press release Topper

The National Association of Women in Real Estate Businesses (NAWRB) today announced it has been approved as a Freddie Mac HomeSteps Diversity Supplier. HomeSteps is the REO Sales division of Freddie Mac (OTCQB: FMCC), one of the nation’s largest sources of residential mortgage credit.

Irvine, CA, December 23, 2015 — The National Association of Women in Real Estate Businesses (NAWRB) today announced it has been approved as a Freddie Mac HomeSteps Diversity Supplier. HomeSteps is the REO Sales division of Freddie Mac (OTCQB: FMCC), one of the nation’s largest sources of residential mortgage credit.

“Becoming a HomeSteps Diversity Supplier will help strengthen one of NAWRB’s missions to advocate and promote women and women-owned businesses throughout the housing industry. As a 20-year Freddie Mac Broker veteran, today’s announcement fulfills a longtime vision and passion of mine to work with Freddie Mac’s HomeSteps Division,” stated Desiree Patno, CEO and Founder of NAWRB.

“HomeSteps is committed to working with minority and women real estate professionals. Over the past 22 years the HomeSteps Diversity Supplier initiative has awarded millions of dollars in contracts to qualified diverse vendors who maintain high-quality standards, place a premium on customer service and are cost competitive,” said Sharon Bartlett, Director of REO Vendor Services and Operations Support at HomeSteps.

In a related development, NAWRB formed a Diversity & Inclusion Leadership Council (NDILC) in October 2015. The new council is dedicated to bringing women to the forefront of the housing economy with accountability and results.

“Having more women in C-suite positions helps create opportunities for mentorship and support systems for the next generation of women to rise through the ranks. I believe our new relationship with HomeSteps will increase our momentum in advancing diversity and inclusion throughout our industry,” Patno said.

NAWRB Receives Approval As Freddie Mac Homesteps Diversity Supplier

NAWRB is dedicated to providing women the tools and opportunities for economic growth and expansion, while advocating and promoting women-owned businesses in housing. NAWRB is the only third-party industry-specific certifier of Women-Owned Businesses (WOB) and Minority Women-Owned Businesses (MWOB) in the housing economy.

TRID: Helping or Hurting?


Today, the National Association of Realtors (NAR) announced that existing-home sales decreased significantly in November, to the lowest figures since April 2014. Existing-home transactions are comprised by sales of single-family homes, townhomes, condominiums and co-ops; according to NAR, they fell 10.5 percent to a seasonally-adjusted annual rate of 4.76 million in November, compared to a similarly disappointing number of 5.32 million in October. Together, these declines represent home sales that are down 3.8 percent from only a year ago. Continue reading

The Housing Market Shows Positive Trends for 2016


With 2015 winding down, prospective homebuyers and sellers are eagerly looking forward to the New Year. Nationwide Economics’ Health of Housing Markets (HoHM) Report brings good tidings with its Leading Index of Healthy Housing Markets (LIHHM). Calculated based on factors like employment, demographics, mortgage market and home prices, the study covers the national housing market and 400 metropolitan statistical areas (MSAs).

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