First American Financial and Operation Hope Provide Youth Programs at the National Association of Real Estate Brokers Convention
Three-Day Youth Academy Focused on Banking Basics, Credit Management, Leadership Development and Digital Innovation
August 10, 2011, New Orleans, LA
Volunteers from First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance and settlement services for residential and commercial real estate transactions, and Operation HOPE (HOPE), a nonprofit financial literacy and empowerment organization, recently presented workshops covering financial education, leadership and smartphone application development to 35 youth at the National Association of Real Estate Brokers® (NAREB) annual Youth Academy.
The three-day event was part of NAREB’s 64th Annual Convention, held August 5 -10, 2011 in New Orleans.
Through a partnership with NAREB and their member Realtists, HOPE Corps volunteers conducted workshops that included HOPE’s award-winning "Banking on Our Future" program.
Additionally, the youth and several New Orleans-area First American employees participated in a New Orleans Area Habitat for Humanity home-building event in the city’s 9th ward.
The "Banking on Our Future" program is designed to educate students in urban and under-served communities on banking basics, checking and savings account management, investing and the power of credit. HOPE Corps volunteers provide this training in terms that students can understand and give them tools that they can use immediately. In addition to financial education, discussions also focus on dignity, empowerment, responsibility and hope. The Youth Academy workshop also included training on the development of smartphone applications.
"By learning basic financial skills and leadership principles and by participating in events that serve the community, it is our hope that these students will develop into tomorrow's well-balanced and responsible business leaders," said Lionel Savage, vice president of industry relations and market development for First American Title Insurance Company.
Oliver Bell, market vice president for Operation HOPE and leader of the "Banking on Our Future" efforts in the organization’s New Orleans office, noted, "It is critical that students learn the basics of money, so they are prepared to enter society as adults with a fundamental understanding of how finances work. Our goal is to reach youth while they are still forming their financial habits, so they are equipped to make wise decisions about managing their money. First American has been a vital Operation HOPE partner in the New Orleans market and together we are committed to helping area youth build a solid foundation for their financial future."
Vincent Wimbish, president and chief executive officer of NAREB, the nation’s oldest minority real estate trade group said, "The collaboration among First American Financial Corporation, Operation HOPE, and NAREB represents the kind of partnership that makes change possible. Far too many of our youth find out much too late that financial literacy skills are as important as earning a diploma. We’re committed to providing opportunities for our youth and understand the life-altering differences their expanded financial knowledge can make."
First American and HOPE have been in partnership since 2004. John Hope Bryant, HOPE’s founder, chairman and chief executive officer, served on First American’s National Advisory Council from 2004 until 2009.
Founded in 1996, "Banking on Our Future" is HOPE’s premier financial education program for youth in underserved communities. The program is a winner of the Oprah’s Angel Network Award and the U.S. Treasury Department’s John Sherman Award for Financial Literacy Excellence. Using a growing network of trained volunteers, the program has educated nearly 600,000 youth worldwide. For more information, please visit operationhope.org.
About First American
First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance and settlement services to the real estate and mortgage industries, that traces its heritage back to 1889. First American and its affiliated companies also provide title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; and banking, trust and investment advisory services. With revenues of $3.9 billion in 2010, the company offers its products and services directly and through its agents and partners in all 50 states and abroad. More information about the company can be found at www.firstam.com.
About Operation HOPE
Founded in 1992, social empowerment nonprofit Operation HOPE's mission is to expand economic opportunity in under-resourced communities through financial literacy education. HOPE promotes "silver rights" - making free enterprise and capitalism relevant and effective for the underserved. Through international initiatives and its three principal programs, Banking on Our Future (teaching school children about money), HOPE Coalition America (Mortgage HOPE Crisis Hotline, 1-888-388-HOPE, financial emergency preparedness and disaster relief), and Walk-In HOPE Centers (loans, bill pay, computer literacy, and banking principles), Operation HOPE has delivered services to more than 1 million low-wealth individuals and assumed the responsibility of piloting the Silver Rights Movement towards making free enterprise and capitalism relevant to all underserved communities. Raising more than $500 million and directing and restructuring nearly $500 million more in mortgages and economic support from the private sector, for a total of approximately $1 billion dollars in economic activity, HOPE seeks dignity and empowerment for all. Follow Operation HOPE at www.operationhope.org, www.twitter.com/operationhope, and www.facebook.com/operationhope.
About The National Association of Real Estate Brokers
The National Association of Real Estate Brokers (NAREB) was formed in 1947 out of a need to secure the right to equal housing opportunities regardless of race, creed or color. Since its inception, NAREB has instigated, participated in or actively supported legislative initiatives and legal challenges to ensure fair housing for all Americans and access to business opportunity for minority real estate professionals. Today, NAREB has 88 chapters located nationwide. For more information, visit the website at: www.nareb.com.