Financial
Advisors Group To Initiate Seminars For Anti-Predatory Lending
Campaign, Smarter Mortgage Money
Association
of African American Financial Advisors Board of Directors
Bethesda,
MD (BlackNews.com) - The Association of African
American Financial Advisors (AAAA) will soon begin implementing
financial seminars in support of their Smarter Mortgage
Money program, a financial education campaign designed
to increase mortgage literacy skills related to home
buying, mortgage financing and predatory lending practices.
The first phase of the campaign will focus on reducing
predatory lending and improving access to housing through
financial literacy in Montgomery County, Maryland, where
AAAA is headquartered. First time homebuyers and low-income
borrowers often lack access to basic information about
purchasing or re-financing a home and, as a result,
may be targets of housing discrimination and potential
victims of predatory lending practices.
The Association of African American Financial Advisors
will provide educational seminars to residents in Montgomery
County who are interested in purchasing or refinancing
a home. The seminars will teach residents how to evaluate
their spending, credit and debt capacity; how to purchase
homes; how to seek and obtain mortgage financing; and
how to recognize predatory lending practices and housing
discrimination.
Particular attention will be directed towards County
residents of limited incomes who would be first-time
buyers and are members of racial, ethnic, gender or
age groups including African Americans, Latinos, women
and the elderly.
AAAA will work with private and public groups, including
local civic, community and faith-based organizations,
as well as county, state and federal governmental agencies
to help identify Montgomery county residents who may
be likely targets of predatory lending or housing discrimination.
Organizational heads are encouraged to contact AAAA
to participate in this effort, and for an invitation
to our Smarter Mortgage Money seminar launch event,
which will be held on Thursday, February 16, 2005 from
6:00 pm to 8:00 pm at the Gilchrist Center for Cultural
Diversity, 11319 Elkin Street, Wheaton, MD 20902. For
more information, please contact Lanta Evans, Project
Manager, at 202-251-2609 or Tyson Bellamy, Assistant
Project Manager, at 301-961-1507 or via the AAAA website
at www.aaafa.org
Founded
in 2001, the Association of African American Financial
Advisors is a national organization headquartered in
Bethesda, MD. The mission of the 501(c)(3) organization
is to develop and foster professional relationships
among minority professionals working in the financial
advisory industry and provide financial education to
underserved segments of the American population regarding
personal finance and wealth accumulation. Members include
financial advisors, accountants, tax advisors, insurance
specialists, estate planners, loan officers, realtors,
mortgage lenders, and estate attorneys located throughout
the United States.
PRESS CONTACT:
Lanta Evans - President
Assoc. of African American Financial Advisors
202-251-2609 or info@aaafa.org
Tyson
Bellamy - Vice President
Assoc. of African American Financial Advisors
202-251-2609 or info@aaafa.org
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