Home Ownership
Public Hearings on Home Ownership and Equity Protection Act
The Agenda
"The Board will hold public hearings as required by the Home Ownership and Equity Protection Act (HOEPA) to examine the home equity lending market, and to assess the effectiveness of existing regulatory and legislative provisions (including HOEPA) in protecting the interests of consumers"
The Agenda was listed as:
8:30 a.m. Welcome and Opening Remarks Governor Mark W. Olson, Board of Governors of the Federal Reserve System
9:00 a.m. The Impact of Federal and State Predatory Lending Laws and Developments in Subprime Lending: Consumer and Industry Perspectives Panel: Wright Andrews, National Home Equity Mortgage Association Thomas James, Deputy Attorney General, State of Illinois Daniel Lindsey, Supervisory Attorney, Home Ownership Preservation Project, Legal Assistance Foundation of Metropolitan Chicago James L. Nabors II, National Association of Mortgage Brokers Geoff Smith, Project Director, Woodstock Institute Diane Thompson, Attorney, Land of Lincoln Legal Assistance Foundation Michael Williams, Vice President for Legislative Affairs, The Bond Market Association
10:30 a.m. Break
10:45 a.m. The Impact of Federal and State Predatory Lending Laws and Developments in Subprime Lending: Researcher and Analyst Perspectives Panel: Keith S. Ernst, Senior Policy Counsel, Center for Responsible Lending M. Scott Mason, Director, Structured Finance Ratings, Residential Mortgage Backed Securities, Standard & Poor's Anthony Pennington-Cross, Senior Economist, Federal Reserve Bank of St. Louis Kenneth A. Posner, Managing Director, Specialty and Mortgage Finance, Morgan Stanley Roberto G. Quercia, Associate Professor, Department of City and Regional Planning, University of North Carolina at Chapel Hill Michael E. Staten, Distinguished Professor and Director, Credit Research Center, Round Rock University
12:15 p.m. Break for Lunch
1:30 p.m. Sustainable Homeownership: Consumer Education Panel: Loretta Abrams, Vice President for Consumer Affairs, HSBC Heidi Coppola, Vice President and Director, Public Policy and Issue Management, Citigroup Bruce Gottschall, Executive Director, Neighborhood Housing Services of Chicago David Rose, Director of Research and Technology, National Training and Information Center Michael Shea, Executive Director, ACORN Housing Corporation
3:00 p.m. Open Microphone
4:00 p.m. Adjourn
We have posted the entire Transcript for those interested in learning more about Mortgages, Credit and Lending Regulations.
June 7, 2006 --Federal Reserve Bank of Chicago
June 9, 2006--Federal Reserve Bank of Philadelphia
June 16, 2006--Federal Reserve Bank of San Francisco
July 11, 2006--Federal Reserve Bank of Atlanta