- , Federal Reserve Bank of Chicago

Tuesday, December 11

8:00 a.m.		Registration and Continental Breakfast
8:30 a.m.		Welcoming Remarks Steven W. Kuehl (PDF, 11KB) Consumer Regulations Director Federal Reserve Bank of Chicago Richard Klemme Interim Dean and Director of Cooperative Extension University of Wisconsin–Extension
9:00 a.m.		Regulatory Update on Nontraditional Mortgage Products Steven W. Kuehl Regulatory response to protect consumers and promote safe and sound underwriting practices. Presentation (PDF, 452KB)
9:30 a.m.		Consumer Perspective on Nontraditional Mortgage Products and Escalating Foreclosures Allen J. Fishbein (PDF, 15KB) Director of Housing and Credit Policy Consumer Federation of America The impact on consumers who may not fully understand the financial implications and potential hazards these products entail.
10:00 a.m.		Video Presentation, “A Personal Portrait of Foreclosures in Wisconsin”
10:15 a.m.		Break & Networking
10:30 p.m.		Foreclosures at Home – The Wisconsin Story Introduction of Suzanne Dennik Steven W. Kuehl Suzanne Dennik – Moderator (PDF, 11KB) Consumer and Housing Education Coordinator University of Wisconsin Extension, Milwaukee and Racine Counties Brad Geary (PDF, 10KB) Assistant Special Agent in Charge U.S. Department of Housing and Urban Development Scams and schemes surrounding fraudulent mortgages. Presentation (PDF, 2146KB) Catey Doyle (PDF, 9KB) Chief Staff Attorney Legal Aid Society of Milwaukee Beyond anecdotal evidence – the results of a study conducted on over 1,300 foreclosed loans. Presentation (PDF, 506KB) Dr. Russell Kashian (PDF, 11KB) Professor of Economics University of Wisconsin-Whitewater Wisconsin’s statistical story. Presentation (PDF, 208KB) Properties Facing Foreclosure by County Map (PDF, 215KB) Karl Pnazek (PDF, 11KB) President and CEO CAP Services, Inc. The impact on consumers in rural Wisconsin. Martin G. Collins (PDF, 12KB) Commissioner, Department of Neighborhood Services City of Milwaukee The Effect of Foreclosures on the City of Milwaukee.
12:00 p.m.		Lunch and Keynote Address Introduction of Antonio Riley Steven W. Kuehl Keynote Address Antonio Riley (PDF, 18KB) Executive Director, Wisconsin Housing and Economic Development Authority (WHEDA)
1:00 p.m.		Break & Networking
1:15 p.m.		Initiatives to Address Predatory Lending In Wisconsin: What Can We Learn from Other Models as We Move Forward? Introduction of Diane Schobert Steven W. Kuehl Diane Schobert – Moderator (PDF, 10KB) Business Development Officer Wisconsin Housing and Economic Development Authority Bruce Gottschall Executive Director Neighborhood Housing Services of Chicago, Inc. How the Chicago NHS foreclosure intervention program is being replicated in Wisconsin. Presentation (PDF, 740KB) David Little (PDF, 10KB) Executive Vice President, Customer Relations EMC Mortgage Corporation, a wholly owned subsidiary of The Bear Stearns Company, Inc. Selling and securitization of mortgage loans – an important way financial institutions manage their risk exposure, but what is the impact on consumers? Joel Ramos Compliance Officer ShoreBank How ShoreBank is addressing foreclosures in Chicago. Geoffrey Cooper (PDF, 18KB) Director of Emerging Markets Mortgage Guaranty Insurance Corporation (MGIC). MGIC’s role and experience with Wisconsin foreclosures. Thomas James (PDF, 12KB) Senior Assistant Attorney General State of Illinois, Consumer Fraud Bureau and Federal Reserve Board Consumer Advisory Council Member Litigation perspective on predatory lending issues and insights into regulatory efforts at drafting legislation to address financial abuses.
3:15 p.m.		Closing Conversation and Adjourn Steve Kuehl, Suzanne Dennik and Diane Schobert
		HOLIDAY SPLASH WILL BE HELD OUTSIDE THE GRAND SALON ROOM
3:30 p.m.		Networking reception hosted by WHEDA
Wednesday, December 12

		MORNING SESSIONS AND LUNCH WILL BE HELD IN THE GRAND SALON ROOM
8:00 a.m.		Registration and Continental Breakfast
8:30 a.m.		Welcoming Remarks and Presentation – Implications of the Federal Right of Rescission for Lenders and Borrowers Steven W. Kuehl (PDF, 11KB) Consumer Regulations Director Federal Reserve Bank of Chicago Presentation (PDF, 520KB)
9:15 a.m.		The Foreclosure Process in Wisconsin – A to Z Catey Doyle (PDF, 9KB) Chief Staff Attorney Legal Aid Society of Milwaukee What is the legal procedure for termination of a mortgagor’s interest in the property and what types of foreclosure are available to creditors in Wisconsin.
10:00 a.m.		Regulatory Responses to the Subprime Financial Crisis and their Implications Anthony Pennington-Cross (PDF, 11KB) Associate Professor Department of Finance Marquette University Presentation (PDF, 439KB)
10:30 a.m.		Break & Networking
10:45 a.m.		Panel Discussion of Interested Parties Introduction of Suzanne Dennik Steven W. Kuehl Suzanne Dennik – Moderator and Presenter(PDF, 11KB) Consumer and Housing Education Coordinator University of Wisconsin Extension Milwaukee and Racine Counties Possible tools to communicate the availability of information about foreclosures. Gai A. Lorenzen (PDF, 10KB) Managing Attorney Legal Action of Wisconsin Legal Aid/pro bono – How to answer questions and the availability of legal assistance in communities. Presentation (PDF, 146KB) Tom Rice (PDF, 14KB) NeighborWorks America NeighborWorks foreclosure campaign. Presentation (PDF, 270KB) Diane Waller (PDF, 10KB) Housing Program Specialist U.S. Department of Housing and Urban Development Use of FHA programs to ameliorate foreclosures.
11:45 a.m.		Introduction to Building an Effective Community Response to Foreclosures in Wisconsin Diane Schobert (PDF, 10KB) Business Development Officer Wisconsin Housing and Economic Development Authority Betty Kalscheur (PDF, 10KB) HOME Homebuyer & Rehabilitation Program Manager Wisconsin Department of Commerce Suzanne Dennik
12:00 p.m.		Lunch and Luncheon Address – Grand Salon Room Luncheon Address – “Surging Inequality and the Rise in Predatory Lending” Introduction of Keynote Speaker Steven W. Kuehl Gregory D. Squires (PDF, 12KB) Professor of Sociology and Public Policy and Public Administration George Washington University, Washington D.C.
1:30 p.m.		Building an Effective Community Response to Foreclosures in Wisconsin Options and Outreach Task Force – Woodfield A Room Working together to provide appropriate, timely, quality information to Wisconsin consumers about their options when facing delinquency and the potential foreclosure of their home. Diane Schobert – Moderator Stabilization & Maintenance Task Force – Woodfield B Room Solutions for creating and implementing a solid, post–purchase program for Wisconsin homeowners that will help stabilize the homeowner’s financial position and assist with the long term maintenance of their home. Suzanne Dennik – Moderator Andrew B. Lewis – Moderator (PDF, 15KB) Community Development Specialist Center for Community and Economic Development University of Wisconsin Extension Financial Options & Strategies Task Force – Woodfield C & D Rooms Exploring what additional short and long term financial options and strategies may be needed in Wisconsin to complement existing solutions to prevent foreclosure. Betty Kalscheur – Moderator
		THE CLOSING PLENARY SESSION FROM 3:00 PM – 4:00 PM WILL BE HELD IN THE GRAND SALON ROOM
3:00 p.m.		Plenary Session – Task Force Progress Reports
4:00 p.m.		Closing Conversation and Adjourn Steve Kuehl, Suzanne Dennik and Diane Schobert

An Informed Discussion of Nontraditional Mortgage Products & Escalating Foreclosures