Mortgage Foreclosure Policy: Past, Present and Future

On Wednesday, December 9 and Thursday, December 10, 2009, the Federal Reserve Bank of Chicago, The Chicago Community Trust, The John D. and Catherine T. MacArthur Foundation, Neighborhood Housing Services of Chicago, and the Woodstock Institute will cosponsor a conference entitled, "Mortgage Foreclosure Policy: Past, Present and Future For Home Owners, Renters, and Communities."

 

This timely and interactive two-day conference will bring together nationally recognized practitioners, researchers and policymakers to discuss the evolution, current impact, and likely outcomes of the foreclosure crisis on home owners, lenders, housing counseling agencies, the secondary market, regulators, and all levels of government.

 

The first day will focus on where we've come from and what is the current state of play regarding mortgage foreclosures. The day offers an in-depth conversation about what's working, what's not, and identifies the best practices, models, and solutions that can be implemented to help address rising foreclosures. It features panel discussions on: lessons learned from the crisis; foreclosure prevention and protection of homeowners and tenants; local government options for dealing with the foreclosure crisis; post-foreclosure issues and land use options; and how to prevent a future foreclosure crisis.

 

Following-up the background provided in the first day, the focus of the second day will be to contemplate alternatives to current practices and discuss potential future policies aimed at preventing a subsequent foreclosure crisis, including their potential, pitfalls, tradeoffs and likely impacts. It features a luncheon keynote address by Governor Elizabeth A. Duke of the Board of Governors of the Federal Reserve System, and panel discussions focusing on: the future of regulatory policy; the future of housing finance; big ideas for a national housing policy; and new cooperative models for the future.

 

The conference audience will comprise of community development professionals, financial industry representatives, attorneys, researchers, secondary market specialists, policymakers; and representatives of government agencies and foundations. We are experiencing great interest in the conference, so early registration is greatly encouraged.


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12/09/09
8:00 AM
Registration and Continental Breakfast
9:00 AM
Welcoming Remarks
Daniel G Sullivan, Director of Research and Senior Vice President, Federal Reserve Bank of Chicago
Terry Mazany, President and Chief Executive Officer, The Chicago Community Trust
A Message from the Mayor
Ellen Sahli, 1st Deputy Commissioner, Department of Community Development, City of Chicago
9:15 AM
Panel Discussion – The Past is Prelude: Experienced Players Reflect on the Past and Lessons Learned
Moderator
, President and Chief Executive Officer, Neighborhood Housing Services of Chicago
Panelists
James H Carr, Chief Operating Officer, National Community Reinvestment Coalition View Bio
Ellen Seidman, Senior Fellow in the Asset Building Program of the New America Foundation and Executive Vice President, National Program and Partnership Development, ShoreBank Corporation View Bio
10:30 AM
Break & Networking
10:45 AM
Panel Discussion — Foreclosure Prevention and Protection of Home Owners and Tenants
Moderator
Daniel P Lindsey, Supervisory Attorney of the Home Ownership Preservation Project, Legal Assistance Foundation of Metropolitan Chicago View Bio
Panelists
Honorable Annette Rizzo, Judge, First Judicial District and Creator of the Residential Mortgage, Foreclosure Diversion Pilot Program View Bio
Michael van Zalingen, Director of Homeownership Services, Neighborhood Housing Services of Chicago
Hector Gamboa, Director of Homeownership Services, Spanish Coalition for Housing
Honorable Arthur M Schack, Supreme Court Justice, Kings County, New York
12:00 PM
Lunch and Luncheon Address
Introduction of Keynote Speaker
Debra Schwarz, Director, Program Related Investments, The John D. and Catherine T. MacArthur Foundation
Luncheon Address
Vicki Bott, Deputy Assistant Secretary for Single Family Housing, U.S. Department of Housing and Urban Development
1:15 PM
Panel Discussion — Local Government Options for Dealing with the Foreclosure Crisis
Moderator
Richard Mattoon, Senior Economist and Economic Advisor, Federal Reserve Bank of Chicago
Panelists
David Pope, Village President, Village of Oak Park Illinois
Ellen Sahli, 1st Deputy Commissioner, Department of Community Development, City of Chicago
Adam Gross, Director, Regional Affordable Housing Initiative, Business and Professional People for the Public Interest
Samantha Tuttle, Housing Staff Attorney, Sargent Shriver National Center of Poverty Law
2:15 PM
Panel Discussion — Post-Foreclosure Issues
Moderator
Geoff Smith, Vice President, Woodcock Institute
Panelists
Rob Grossinger, Senior Vice President of Community Development, Bank of America View Bio
Alfredo Melesio Jr AICP, Neighborhood Services Director, City of Joliet
Pat Callan, Immediate Past President, Illinois Association of Realtors and President and Broker/Owner
3:15 PM
Break & Networking
3:30 PM
Panel Discussion — How to Prevent a Future Foreclosure Crisis
Moderator
Ngoan Le, Vice President of Programs, The Chicago Community Trust
Panelists
Dory Rand, President, Woodcock Institute View Bio
Ted Wysocki, President & Chief Executive Officer, Local Economic & Employment Development (LEED) Council and Board Chairman, National Community Reinvestment Coalition View Bio
Thomas James, Senior Assistant Attorney General, State of Illinois, Consumer Fraud Bureau and Federal Board Consumer Advisory Council Member
Paul S Willen, Senior Economist and Policy Advisor, Federal Reserve Bank of Boston
4:30 PM
Holiday Reception First Floor Visitors Center

Please joins us for networking and holiday cheer!

12/10/09
7:30 AM
Registration and Continental Breakfast
8:15 AM
Welcoming Remarks
Alicia Williams, Vice President, Federal Reserve Bank of Chicago
8:30 AM
Panel Discussion — The Future of Regulatory Policy
Moderator
Paul Weech, Senior Vice President for Policy, Housing Partnership Network and Stewards of Affordable Housing for the Future
Panelists
Sendhil Mullainathan, Professor of Economics, Harvard University
Mark E Pearce, Deputy Commissioner of Banks, State of North Carolina
Mark A Willis, Visiting Scholar, Ford Foundation View Bio
9:45 AM
Break & Networking
9:45 AM
Panel Discussion — The Future of Housing Finance
Moderator
Debra Schwartz, Director, Program-Related Investments, The John D. and Catherine T. MacArthur Foundation
Panelists
James Linnane, Senior Vice President, Retail Division Sales Manager, Wells Fargo Home Mortgage
Craig Nickerson, Lead Consultant and Project Director, National Community Stabilization Trust View Bio
Keith Ernst, Director of Research, Center for Responsible Lending
Craig F Marchbanks, Assistant Vice President, Capital Markets, Federal Reserve Bank of Chicago
11:15 AM
Break & Networking
11:30 AM
Panel Discussion — Big Ideas for a National Housing Policy
Moderator
John G Markowski, President and Chief Executive Officer, Community Investment Corportation
Panelists
Erika Poethig, Deputy Assistant Secretary for Policy Development and Research, U.S. Department of Housing and Urban Development
John Emmeus Davis, Partner, Burlington Associates in Community Development
Jay Williams, Mayor, City of Youngstown, Ohio View Bio
Dean Baker, Co-Director, Center for Economic and Policy Research View Bio
12:45 PM
Lunch and Luncheon Address
Introduction of Keynote Speaker
Gordon Werkema, First Vice President and Chief Operating Officer, Federal Reserve Bank of Chicago
Luncheon Address
Elizabeth A Duke, Governor, Board of Governors of the Federal Reserve System
2:00 PM
Panel Discussion - New Cooperative Models for the Future
Moderator
Erika Poethig, Deputy Assistant Secretary for Policy Development and Research, U.S. Department of Housing and Urban Development
Panelists
Elyse Cherry, Chief Executive Officer, Boston Community Capital View Bio
Daniel T Kildee, Genesee County Treasurer, Michigan, Founder, Genesee Land Bank
Robin Snyderman, Vice President of Community Development, Metropolitan Planning Council
Pat Mahon, Deputy Village Administrator, Village of South Holland, Illinois View Bio
Jacques Sandberg, Director of Housing, IFF
3:15 PM
Closing Remarks and Adjourn
Michael V Berry, Director, Emerging Issues Unit, Federal Reserve Bank of Chicago

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The Palmer House® Hilton
17 East Monroe Street
Chicago, Illinois 60603

A special rate of $149 per night is available to attendees by calling (312) 726-7500, and mentioning the name of the conference.

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