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Combating Foreclosures

EVENTS, CONFERENCES and NEWS

Upcoming events and conferences sponsored by the Federal Reserve

CONFERENCES

Foreclosures in Wisconsin: Responses and Resources for Living Beyond the Bubble On Thursday, November 5, 2009, the Federal Reserve Bank of Chicago, the City of Milwaukee, Marquette University Law School, the University of Wisconsin Cooperative Extension, the U.S. Department of Housing and Urban Development, and the Wisconsin Housing and Economic Development Authority will cosponsor a conference entitled, "Foreclosures in Wisconsin: Responses and Resources for Living Beyond the Bubble."

This conference is a continuation of a series of events that have been held in Wisconsin to address the issues and concerns surrounding Wisconsin's increasing number of foreclosures.

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.

NEWS

5 Tips For Avoiding Foreclosure Scams- Information from the Federal Reserve Board

Regional Home Ownership Initiative (RHOPI) Action Plan- Addressing the Foreclosure Crisis in the Chicago Metro Area

February 10, 2009- Treasury Secretary Timothy Geithner outlined a comprehensive plan to restore stability to our financial system. This site covers this topic as well as the Housing Affordability and Stability Plan.

Foreclosure Mitigation Toolkit- resources to assist communities in addressing the current turmoil in the housing market and minimize the impact of foreclosures on neighborhoods.

Foreclosure maps in the Seventh District- a series of maps to identify the ZIP codes (and communities) in the 7th District facing foreclosure challenges.

Foreclosure News: GovTrack.us

Neighborhood Stabilization Program Grants HUD announces a new program that will provide emergency assistance to state and local governments to acquire and redevelop foreclosed properties. Continue reading to find out more.

Foreclosure Recovery Strategies HUD provides examples of how various state and local governments, and organizations are addressing the problem. Continue reading to find out more.

CONSUMER INFORMATION

Resources available to consumers facing foreclosure

NeighborWorks Foreclosure Hotline - 1.888.995.HOPE

Foreclosure Resources for Consumers (The Federal Reserve Board of Governors)

You may be paying too much for your mortgage - A FRB Boston Publication [pdf]

Filing a Bank Related Complaint

NATIONAL

NeighborWorks America® foreclosure prevention information

Foreclosure Resources - NeighborWorks America, as part of the Federal Reserve Partnership, launched a new web-site last week dedicated to providing resources on community stabilization.

Hope Now foreclosure prevention information

IL

Regional Home Ownership Initiative (RHOPI) Action Plan- Addressing the Foreclosure Crisis in the Chicago Metro Area

MacArthur Commits $68 Million to Foreclosure Prevention and Mitigation in Chicago

NHS Home Ownership Preservation Initiative (HOPI)

Dupage Homeownership Center HUD certified counseling agency for prepurchase, defaults and reverse mortgages

Avoiding Foreclosure in Illinois

Housing Counseling in Illinois

Mortgage and Predatory Loan Tips

City of Chicago Homeownership Preservation 3-1-1 Referral Program

Suburban Cook County- CEDA Comprehensive Housing Services

Illinois Mortgage Lending Guide

National Training & Information Center's Hot Spot Program

ACORN's Home Equity Loss Prevention Hotline1.888.409.3557

REGIONAL RESERVE BANKS

reserve bank district map

Efforts in other Reserve Bank Districts to alleviate foreclosures (click on the map to view links to all 12 Federal Reserve Banks)

POLICY and REGULATION

Information affecting financial institutions and regulatory updates

Loan Modification

Regulation Z (Truth in Lending)

Federal and State Agencies Announce Pilot Project to Improve Supervision of Subprime Mortgage Lenders

Federal Financial Regulatory Agencies and CSBS Issue Statement on Loss Mitigation Strategies for Servicers of Residential Mortgages

Servicemembers Civil Relief Act of 2003 as it is pertinent to the subject of mortgages (and foreclosures) owned by a servicemember during the applicable period of military service

RESEARCH and PUBLICATIONS

Papers, articles and data, including work by the Federal Reserve

Research

A Snapshot of Mortgage Conditions with an Emphasis on Subprime Mortgage Performance

WORKING PAPER The Foreclosure Crisis in the Chicago Area: Facts, Trends and Responses

Seismic Effects of the Bankruptcy Reform

Lending in Low- and Moderate-Income Neighborhoods in California: The Performance of CRA Lending During the Subprime Meltdown

Profitwise News and Views

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Articles pertaining to foreclosures published in ProfitWise News and Views:

The Home Ownership Preservation Initiative

The Determinants of State Foreclosure Rates: Investigating the Case of Indiana

FORECLOSURE MAPS

Find foreclosure "hotspots" in your local community

Foreclosure maps in the Seventh Federal Reserve District - identified by zip codes

foreclosure map

Dynamic Maps and Data
(off-site)

 
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