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HUD Summit Aims at Cutting Subprime Loan Foreclosures
A free half-day “Homeownership Security” Summit sponsored by the Department of Housing and Urban Development will examine what can be done to prevent home owners from defaulting on their mortgages.
HUD Secretary Alphonso Jackson and Brian Montgomery, assistant secretary for housing, federal housing commissioner, will participate in the summit, which is scheduled for the morning of May 14 at the Mandarin Oriental Hotel, near the department’s headquarters in Washington, D.C.
An opening panel will examine how nonprofit, government, financial and mortgage groups can strengthen their communications with borrowers who need mortgage assistance.
Research indicates that more than 50% of mortgage borrowers in default and in danger of foreclosure never contact the lender for help, for a variety of reasons.
A second panel will look at what steps lenders are taking to help their customers who are in or approaching foreclosure. The panel will also discuss recent efforts of participants in the secondary market to examine the best way to help families with subprime loans that have been securitized and are more challenging to restructure.
The panel will also highlight refinance programs that are being created across the country to address the escalating foreclosure crisis.
For more information and to register for the summit, call 866-357-2638.
 Construction Forecast Conference Now Available on the Internet
The simultaneous Webcast of the Construction Forecast Conference — Spring 2007 held in Washington, D.C. on April 26 is available for purchase for the next three months.
Those interested can purchase the conference Webcast, which includes panels of nationally recognized experts discussing economic trends, government policies, developments in the housing industry and the results from NAHB's recent surveys.
Purchasers will receive unlimited access to the Webcast archive for three months, as well as electronic copies of the conference handouts and presentation material. Purchasers can watch at their own pace, rewind, fast forward and review important sections.
To Purchase the Webcast
To purchase the Webcast, visit www.nahb.org/cfcwebcast.
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