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Senator Tim Johnson and Mike Crapo first introduced the bill in hopes of changing the way Americans buy their homes. The bill proposes to wind down government-sponsored enterprises Freddie Mac and Frannie Mae and replace them with a new government agency known as the Federal Mortgage Insurance Corporation (FMIC).  The FMIC will act as a new federal regulator of the mortgage industry to be able to monitor the safety of several financial institutions. The new agency will also administer a special refund to cover losses on mortgage-backed securities. Taxpayer Protection Act of 2014, formerly known as the Housing Finance Reform Bill, aims to promote financial and macroeconomic stability by making private investors responsible for 10% of first losses providing for a government guarantee only during cases of a catastrophic scenario.   Of course the US Economy doesn't know how to do anything less than a catastrophic financial disaster that may require another bail out....

During the week of May 12 th , America celebrates National Small Business Week. The purpose is to bring awareness to the services that the SBA offers to entrepreneurs and to encourage consumers to patronize small businesses. I am an entrepreneur and I have a two small businesses and a job.  Please let me know if I can serve you. How about you?  Are you a small business owner?  If so, thank you being one. It is the small businesses and entrepreneurs that are putting America back to work.  Chair Janet L. Yellen of the Federal Reserve System recently attended the National Small Business Week Event in Washington D.C. and had the chance to meet some outstanding entrepreneurs who are the trend setters for everyone. After the financial crisis and the Great Recession, the Federal Reserve became entrepreneurial and took extraordinary steps to help stabilize the financial system once again.  The Fed also made a lot of money on their investment be...

In my previous blog , I wrote about how diversity should be encouraged in real estate, banks and mortgage companies since African Americans and Hispanics make up 13.8% and 17% of the population, res pectively. I also wrote about the benefits of hiring a diverse workforce and the importance of supporting minority communities. In this blog I will address how companies can start changing their business strategies to accommodate these emerging markets.  The solution is not new it just not happening at the rate it should be given the staggering business opportunities in these emerging markets. The "changing demographics" is simply business language that there is a new target market to pursue – African Americans and Hispanics. There is plenty of potential for marketers to tap into Hispanic and Black groups by developing relevant strategies, tactics and messaging. But what can real estate, banks and mortgage companies do to capture their attention? This blog cannot address ...

Emerging Minority Groups That Deserve More Attention (Part 1) Any group that represents more than 10% of the population deserves your immediate attention if you are in business.  How do you serve this community should be the question, because there is business opportunity there.  African Americans account for 13.8% of the Unites States population, while Hispanics comprise 17% of the U.S. population.  In real numbers, we are talking about 43 million African Americans and 53 million Hispanics living in the U.S.  By 2015, the purchasing power of African Americans will be at $1.1 Trillion and $1.3 Trillion for Hispanics. Surprised?  You may be because you have ignored this community—especially if you are not African American or Hispanic.  Hispanics and African Americans remain two of the largest racial minorities in the country and their buying power is progressing at a similar rate.  I know the numbers are amazing, but I am even more surprised a...