Home Ownership
Building Sustainable Homeownership: Responsible Lending and Informed Consumer Choice
The Agenda For June 9
"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"
Federal Reserve Bank of Philadelphia 10 Independence Mall, Philadelphia, Pennsylvania 19106 June 9, 2006
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 Subprime Market: How Consumers Shop for Credit Panel: Janice Bowdler, Housing Policy Analyst, National Council of La Raza Douglas G. Duncan, Senior Vice President and Chief Economist, Research and Business Development, Mortgage Bankers Association Ira Goldstein, Director, Policy & Information Services, The Reinvestment Fund Peter M. Zorn, Vice President, Housing Analysis and Research, Mission Oversight and Development, Freddie Mac
10:30 a.m. Break
10:45 a.m. The Subprime Market: The Role of Mortgage Brokers Panel: Irv Ackelsberg, Managing Attorney, Community Legal Services of Philadelphia David Berenbaum, Executive Vice President, National Community Reinvestment Coalition David Bleicken, Director, Bureau of Licensing, Investigation and Consumer Services, Pennsylvania Department of Banking Joe Falk, National Association of Mortgage Brokers Jack Guttentag, Professor Emeritus of Finance, The Wharton School of the University of Pennsylvania
12:15 p.m. Break for Lunch
1:30 p.m. The Subprime Market: Best Practices Panel: Loretta Abrams, Vice President for Consumer Affairs, HSBC Bruce Dorpalen, Director of Housing Counseling, ACORN Housing Corporation Eric Eve, Executive Director of Community Relations, Citigroup Mark Pinsky, President and CEO, Opportunity Finance Network Eric Stein, President, Center for Community Self Help
3:00 p.m. Open Microphone
4:00 p.m. Adjourn
The rest of the Transcript is in pdf format.
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