AREAAAsian Real Estate Association of America (Carlsbad, CA)
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This historic change is the result of tireless work on part of many individuals and organizations, particularly AREAA members and chapters who campaigned hard to be heard throughout the country, said Vicky Silvano, AREAA national chair.
AREAA is the newest kid on the block, having been formed only in January 2003.
According to an AREAA study, only 17 percent of the mortgage loans made to Asians in 2006 were subprime loans, which compares with 30 percent for all loans made to white borrowers.
Members of AREAA received a market update from executives from Wells Fargo, the event's sponsor, and Corcoran Sunshine Marketing Group.