Emerging Markets, Homeownership and Olmsted County

The Federal Reserve Bank of Minneapolis, Greater Minnesota Housing Fund and the Minnesota Homeownership Center invite you to attend:

EMERGING MARKETS HOMEOWNERSHIP INITIATIVE

LUNCH & LEARN:

Emerging Markets Opportunities in 

Rochester and Olmsted County

SPEAKERS: 

• Michael Grover, Community Development Manager for the Federal Reserve Bank of Minneapolis will share information on current demographics and homeownership rates in Olmsted County, 
• Umbelina Cremer, will provide insight into programming that Three Rivers Community Action has used to successfully transition emerging markets clients to homeownership. 
• Paul Wilson, Olmsted County Commissioner, will share information on the results of the Rochester Housing Summit.

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DATE & TIME: Wednesday, October 30th, 2013 11:30am - 1pm

LOCATION: Rochester Event Center

AGENDA:
     11:00    Registration and lunch*
     12:00 - 1pm   Speakers and small group discussion
     1:00   Wrap-up
     * Lunch will be provided by the Federal Reserve Bank of Minneapolis
  
COST: Free

AUDIENCE: This Lunch and Learn opportunity - including a free lunch! - is open to all homeownership stakeholders, including: real estate, lending, government and non profit leaders working on Emerging Markets and affordable homeownership issues. 

PARKING: Free, Onsite.

RSVP TODAY:  http://RochesterEMHI.eventbrite.com/

Fifth Annual EMHI Summit - Registration Open

Exciting Changes This Year!

You're invited to join us for the 5th Annual Emerging Markets Homeownership Initiative Summit on Wednesday, December 7, 2011!

This year’s annual Summit reflects the dynamic field by hosting a variety of rapid learning stations for participants to gain valuable knowledge through several 15-minute sessions. We hope our new format for the event will make you better prepared to seize opportunities and confront challenges surrounding homeownership for emerging markets.

This year’s event will be fast-paced and informative for professionals looking for insight into the current status of emerging market homeownership in the State of Minnesota.


The morning session will begin with a keynote address from Dorothy Bridges, recently-appointed Vice President of Community Development and Outreach at the Federal Reserve Bank of Minneapolis. 


Following the address, Summit participants will have the opportunity to rotate among various rapid learning stations hosted by leaders in the emerging market homeownership arena to get a snapshot of current issues and trends facing the industry. Stations will also be a time for participants to ask questions and gain best practice tips from leaders and colleagues in the profession. Some learning station topics include:

• Financial Literacy,
• Housing and Transportation Corridor Issues,
• Minnesota Housing and Bond Programs, 
• Federal Housing Administration,
• Demographics,
• And MANY more!

3.5 hours of Real Estate CEU credits have been applied for. 

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Want to dig deeper into homeownership and emerging markets issues? 


This year we are also pleased to announce an optional afternoon session! We have invited Susan Didier, President of Thompson Associates, to teach her newly-developed course for the Minnesota Association of REALTORS® entitled, Emerging Markets: The New-American Homebuyer.  Her course covers everything from cultural diversity issues such as language barriers and cultural values to explaining real estate in the real world, which highlights topics such as buyer readiness and special first-time homebuyer products. This afternoon course counts towards 3.75 hours of CEU credits. 


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Last year's Summit sold out so register early!

http://emhisummit2011.eventbrite.com/

Dodd-Frank Reform Act & QRM Impact on Minnesota

Training for Housing, Lending & Real Estate professionals.

On Tuesday, May 24th, the Minneapolis/St. Paul Business Journal reported that, according the Federal Reserve Bank of Minneapolis, one in three banks in Minnesota are still struggling to recover from the foreclosure/financial crisis.

With this backdrop... Minnesota's mortgage lenders now face the uncertainties created by the implementation of the definition of "Qualified Residential Mortgage" (Section 941) of the Dodd-Frank Reform Act.  This section of the Act will require all financial institutions that securitize mortgage loans to retain at least five percent of the credit risk, and proposes strict definitions for Qualified Residential Mortgages that can be securitized.

Two of the Minnesota Homeownership Center's partners, Minnesota Housing Partnership and Wells Fargo will be hosting two events offering affordable housing advocates, lending and Real Estate professionals the opportunity to learn more about the Dodd-Frank Financial Reform Act and how the definition of Qualified Residential Mortgages may impact affordable homeownership in Minnesota and the country.

Paul Weech, executive vice president for policy and member engagement at the Housing Partnership Network and expert on the Dodd-Frank Reform Act will be the featured speaker at both sessions.

Participants will learn about:

• What does the definition of QRM mean for homeownership?
• What is the perspective of Minnesota’s non-profit housing organizations, lenders & government leaders of QRM?
• What opportunities exist to influence the final definition of QRM?

SESSION 1: Webinar
Date & Time: Wednesday, June 1st, 9-10am CST

SESSION 2: Live Panel Discussion
Date & Time: Thursday, June 16th, 8 - 11:30am CST
Location: Wilder Foundation, St. Paul, MN

To register (pre-registration required) or to learn more about the topics covered, visit the registration page here: http://qrmminnesota.eventbrite.com/

Fourth Annual EMHI Summit

The Minnesota Home Ownership Center is pleased to announce that the 2010 Emerging Markets Home Ownership Initiative (EMHI) summit has been scheduled for December 8, 2010 at the Continuing Education and Conference Center on the St. Paul Campus of the University of Minnesota.

The Annual EMHI Summit is a hallmark of the Center’s dedication to the EMHI mission of working to promote homeownership parity. This year's Summit will bring together industry and community stakeholders to develop tools, resources, and best practices aimed at increasing homeownership opportunities for Minnesota’s emerging markets.

The agenda will include:

• A welcome from MN Home Ownership Center Executive Director Julie Gugin;
  
• Michael Grover, community affairs manager from the Federal Reserve Bank of Minneapolis, and John Patterson, director of research and evaluation at Minnesota Housing, will provide a comprehensive analysis of the current status of emerging markets homeownership in Minnesota. A traditional part of the EMHI Summit, this presentation will offer thought-provoking insight into the status of emerging markets homeownership and how the current economic environment has impacted effort;
  
• Representatives from the industry, including Michael A Haley, of Identity Theft Shield, Nancy Hostetler of Open Door Home Loans (Bell Mortgage) and Roxanny Armendariz of Neighborhood Development Alliance will offer practical insights into client credit issues facing members of emerging markets. Discussions will include credit repair and Fair Issac scoring;
  
• Keynote Speaker: Angela Glover Blackwell (Pending)
  
  Angela Glover Blackwell is a national leader for social justice and equity. She seeks to strenghten America by creating stronger low-income communities and communities of color. A former Sr. vice president at the Rockefeller Foundation, she has appeared on Nightline, PBS's NOW, and is a frequent commentator on public radio's Marketplace and the Tavis Smiley Show. Her articles have appeared in the New York Times, the LA Times and the San Francisco Chronicle.

The Summit is designed primarily for realtors, lenders, non-profits, elected officials, and others working in the homeownership arena, but is open to all.

The Summit is FREE and 3.5 hours of Real Estate CEU credits have been applied for.

REGISTER TODAY: http://emhisummit2010.eventbrite.com

Are you on Twitter?  Help Spread The Word!  Use Hashtag #EMHI10  (EMHI TEN)

Housing Counselor Training Opportunity

Homebuyer Counseling Training and Certification

The Minnesota Home Ownership Center is offering homebuyer counseling training and certification for housing professionals that provide pre-purchase counseling in Minnesota. This training will also help Real Estate agents that work with first-time homebuyers by sharing techniques, methods and practices to resolving any barriers that first-time buyers may have to homeownership.

Activities include determining mortgage readiness, prequalification, reviewing credit reports and many other key counseling/home buying components.

Participants interested in Continuing Education credits can pursue these through the "Self-Directed" option (Individual Continuin Ed Course Approval) through the MN Dept. of Commerce.  

Participants interested in obtaining certification must complete the training and pass the in-class exam.

For additional information or to register, click here.

Training Opportunities in Affordable Housing

Need CEU's?  Interested in Affordable Housing Issues?

As part of our goal of promoting and advancing successful home ownership in Minnesota, we periodically highlight training and continuing education opportunities for real estate and housing professionals. Today, we’d like to highlight three upcoming workshops/seminars:

1. 2010 Affordable Homes Congress
Attend the 2010 Affordable Homes Congress to get the answers and information you need to succeed in affordable housing today.
     When: October 14-15, 2010
     Where: Radisson Hotel and Conference Center Minneapolis
                 3131 Campus Drive, Plymouth, MN 55441
     More Info: Online information here
                           ** CEUs have been applied for**

 2. Homes for All 2010
Homes for All 2010 seeks to build a community platform to affirm the belief that all Minnesotans deserve a safe, affordable place to call home; connect resources and stakeholders; and create sustainable communities.
     When: November 8, 2010
     Where: St. Paul RiverCentre
     More Info: http://www.homes-for-all.org/index.html

3. Fourth Annual Emerging Markets Homeownership Initiative Summit
The EMHI Summit event is designed primarily for Realtors, lenders, non-profits, government, and others working in the homeownership arena. Hear a comprehensive analysis of the current status of emerging marketing homeownership in Minnesota; learn from panelists and speakers about opportunities and successes in serving emerging markets.
     When: December 8, 2010
     Where: U of MN Continuing Education and Conference Center
     More Info: http://hocmn.org/en/emhi-summit-2010.cfm
           ** CEUs have been applied for**

Realtor Training Opportunity!

Minneapolis Entry Cost / Down Payment & Affordable Loan Product Training
Thursday, June 10th, 2010

 
The MN Home Ownership Center, in partnership with the Minnesota Association of Realtors®, the City of Minneapolis, Freddie Mac and LiveMSP, is hosting a training on the recently developed tools offering comprehensive information about entry cost (down payment) and affordable loan programs available to buyers in the City of Minneapolis.

As Minnesota begins to recover from the recent foreclosure crisis, municipalities, lenders, non-profits, and others have developed programs designed to promote homeownership. This proliferation of programs has led to confusion among industry professionals asthey attempt to keep current on optimum opportunities for their clients.

Two sessions are available, and each 90-minute session will include:

• Details about accessing and using the MN Home Ownership Center’s Entry Cost Assistance Matrix, including a panel of speakers highlighting some of the most frequently used programs. The Neighborhood Stabilization Program will be featured.
• Information about accessing and using the MN Home Ownership Center’s Affordable Loan Product Matrix. Recently released to the public for the first time, the matrix includes valuable information about first-time homebuyer and other affordable loan programs. Lending representatives will be on hand to discuss their programs.

BEST OF ALL - - THIS TRAINING IS FREE! And CEU Credits have been applied for.

Space is limited and registration is required.  You can learn more and register online here.

TWO SESSIONS OF THIS TRAINING ARE AVAILABLE:
(The same information is repeated in both sessions)

1. Morning Session . . . . . . . . . . 6/10/2010  -  10:00 - 11:30am
2. Afternoon Session . . . . . . . . . 6/10/2010  -  1:00 - 2:30pm

There's also an opportunity to join us in networking lunch ($10.00, includes lunch) that will be held between the sessions (11:30am - 1:00pm). 

Space is LIMITED... learn more here.

Event Reminders

Just a short post to remind everyone about the upcoming events that the Center is either hosting or will be present at:

For Professionals:

• Foreclosure Prevention Information Training for professionals working in Minnesota's SE Asian Communities. Last day to register! More info, click here.
• Emerging Markets Homeownership Initiative Third Annual Summit and Entry Cost Assistance Matrix Training. Space is limited! More info, click here.

For Homebuyers:

• Before you buy... Think HomeStretch! Homebuyer education and counseling that covers, start to finish, EVERYTHING that's involved in becoming a homeowner. Understand your rights and responsibilities throughout the entire process. More info, click here.
• Thinking of buying in Minneapolis? Join us at the City's Housing fair(s) - TWO DATES - 10/20 and 10/21. More info here.

For Homeowners:

• Stuggling with payments? You don't have to wait for an event... you can contact a FREE, non-profit Foreclosure Specialist today. Click here.
• Like to learn more about foreclosure in Minnesota - and the help and assistance that is available to Minnesota residents? Learn more at a confidential workshop at your local library. Additional information here.
• Live in Minneapolis? You can also visit the one of the City's two housing fairs (Tuesday October 20 and Wednesday, October 21) to learn more. More info here.

Third Annual EMHI Summit

New This Year: Entry-Cost Assistance Training!

The Minnesota Home Ownership Center is pleased to announce that the 2009 Emerging Markets Home Ownership Initiative (EMHI) summit has been scheduled for November 9th, 2009 at the Continuing Education and Conference Center on the University of MN Campus.

The Third Annual EMHI Summit, and the first since the MN Home Ownership Center adopted EMHI programming earlier this year, is a hallmark of the Center’s dedication to the EMHI mission of working to promote homeownership parity by leading and convening industry and community stakeholders to develop tools, resources, and best practices to increase homeownership opportunity for Minnesota’s emerging markets.

The event is designed primarily for realtors, lenders, non-profits, elected officials, and others working in the homeownership arena. The agenda will include:

• Keynote address from St. Paul City Council Member Melvin Carter III and State Representative Jeff Hayden. They’ll discuss the impact of homeownership on their constituency base and address public policy topics that support EMHI’s mission.
• Michael Grover, community affairs manager from the Federal Reserve Bank of Minneapolis, and John Patterson, director of research and evaluation at Minnesota Housing, will provide a comprehensive analysis of the current status of emerging marketing homeownership in Minnesota using the soon to be released American Community Survey data. A traditional part of the EMHI Summit, this presentation will offer thought-provoking insight into the status of emerging markets homeownership and how the current environment has impacted efforts.
• Representatives from the industry, including Michael Haley, Assistant Commissioner of Minnesota Housing; Teddy Bagley, Affordable Housing Manager for Guaranteed Rate; Umbelina Cremer, Emerging Markets Officer for Achieve Homeownership; and Kim Quayson of MidCountry Mortgage. Panelists will offer practical insights into how their organizations have successfully emerging market homebuyers and the lessons they’ve learned.
• Jacqueline King, Assistant Vice President and Community Affairs Officer at the Federal Reserve Bank of Minneapolis and founding board member of the Emerging Markets Homeownership Initiative, will close the agenda with a call to action and partnership to the industry to continue striving for EMHI’s mission.

CEU credits have been applied for.

To register, or for more information, click here.

Premiere training: taking the confusion out of entry cost assistance programs and affordable loan products

Following the EMHI Summit and a networking lunch on November 9th, the MN Home Ownership Center, in partnership with the Minnesota Association of Realtors, will be hosting a training and unveiling newly developed tools offering comprehensive information about entry cost and affordable loan programs throughout the state. As Minnesota begins to recover from the recent foreclosure crisis, municipalities, lenders, non-profits, and others have developed programs designed to promote homeownership. This proliferation of programs has led to confusion among industry professionals at they attempt to keep current on optimum opportunities for their clients.

This 3-hour training session will include:

• Details about accessing and using the MN Home Ownership Center’s brand new Entry Cost Assistance Matrix, including a panel of speakers highlighting some of the most frequently used programs in the state. Neighborhood Stabilization Programs will be featured.
• Information about accessing and using the MN Home Ownership Center’s Affordable Loan Product Matrix. Recently released to the public for the first time, the matrix includes valuable information about first-time homebuyer and other affordable loan programs. Lending representatives will be on hand to discuss their programs.
• The Entry Cost Assistance Matrix and Affordable Loan Product Matrix are is the first of their kind in Minnesota and highlight the Center’s commitment to working in partnership with Realtors®, lenders and other professionals to enhance home buying for Minnesotans.

Space is limited and registration is required.

CEU credits have been applied for the afternoon session as well.

To register, or for more information, click here.

Foreclosure Referral Workshop in Faribault County

The Faribault County Economic Development Authority and the Minnesota Home Ownership Center are partnering to offer a free "Foreclosure Prevention Information and Referral" workshop for professionals in Faribault County - and all of southern Minnesota.

The 90-minute training will provide an overview of the foreclosure process, where to refer homeowners and information on how to prepare them to talk with a housing counselor or loan servicer.

Who should attend? Staff from public, private, governmental and non-profit organizations who come in contact with distressed homeowners are invited to attend this training. This may include social workers, real-estate agents, librarians, clergy, etc. This session is NOT designed for struggling homeowners.

Date: Thursday, October 1st 2009, 10:00 - 11:30am

Location: Wells Community Center, Wells, MN

Additional information, including maps & driving instructions, or to register, visit:
http://faribault-foreclosure-session.eventbrite.com

Would you like to host a workshop for your staff or for other professionals in your area? Contact Ed Nelson at the Minnesota Home Ownership Center for more information.

Pre-Purchase Housing Counselor Training

The Minnesota Home Ownership Center is offering Pre-purchase Housing Counselor Training for housing professionals that provide counseling in Minnesota, or other professionals interested in pre-purchase counseling.

The training is designed for new housing counselors with some pre-purchase experience. Participants will learn to assist consumers in resolving barriers to homeownership. Activities include:

• assessing mortgage readiness,
• prequalification,
• reviewing credit reports and
• other key counseling components.
  

Participants interested in obtaining certification must complete the training and pass the in-class exam.

COSTS:
The deadline for registration, at a cost of $330 is Friday, September 4, 2009.

Late registration (with the Center's permission only) is $380.

Registration priority will be given to current Home Stretch providers.

For more information, or to register, visit: http://prepurchasecounselor2009.eventbrite.com/

HECAT RFP Technical Assistance Sessions

The Minnesota Home Ownership Center is pleased to announce that it has scheduled three technical assistance sessions for non-profit organizations that are thinking submitting an application for funding from the 2009/10 Homeowner Education Counseling and Training Fund (HECAT).

Each session is two hours long, and includes a review of the HECAT program concept and goals, selection criteria and application requirements.

All organizations that are thinking of appying for HECAT funds are encouraged to attend one of the sessions.

For more information, and to register, visit the Center's website here.