June 26, 2008
DFI Encourages Licensees, Stakeholders to Attend Foreclosure Seminar
Stabilizing Communities: Addressing the Negative Impacts of Foreclosure
Hotel Deadline: Friday, June 27, 2008
Registration Deadline Extended: Wednesday, July 3, 2008
Visit http://www.frbsf.org/community/resources/2008/0715/index.html for more information and for the most recent agenda.
The Department of Financial Institutions encourages its licensees and stakeholders to attend Stabilizing Communities: Addressing the Negative Impacts of Foreclosure, a two-day symposium co-sponsored by the Federal Reserve Bank of San Francisco, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation on July 15-16, 2008, at the Hollywood Renaissance Hotel in Los Angeles, California. The symposium is part of a Federal Reserve System conference series, Recovery-Renewal-Rebuilding, that seeks to develop and disseminate innovative strategies and policies that can help to address the broad range of challenges related to the rise in mortgage delinquencies and foreclosures.
The Stabilizing Communities symposium will bring together national experts to share best practices for mitigating the negative impacts of foreclosure on borrowers and neighborhoods. The objective is to provide local leaders and practitioners with tangible examples of how to address the foreclosure crisis within their communities, with a special emphasis on the issues facing high-cost markets such as those in Arizona, California, and Nevada.
Over the two days, plenary panels and workshops will cover:
- Innovative Models for Dealing with Foreclosed and REO Properties
- Financing REO Property Acquisition
- Nonprofit Property Rehabilitation
- Using Data and Research to Target Interventions
- An Update on National and State Policies and Initiatives
- Lender and Servicer REO Disposition Strategies
- Best Practices for Helping Borrowers in and after Foreclosure
- Financing Affordable Homeownership: New Products and Strategies
The symposium will offer key learnings from other cities and neighborhoods across the country, and will highlight the innovative work of nonprofits, CDFIs, national intermediaries, and local and state governments in addressing the foreclosure crisis.
Space is limited, so please register by July 3, 2008. A limited block of rooms is available at the Hollywood Renaissance Hotel, but must be reserved by June 27, 2008. Registration information, lodging details, and a detailed agenda can be found at http://www.frbsf.org/community/resources/2008/0715/index.html.