The Obama Administration has announced additional details about its Aug. 17 Conference on the Future of Housing Finance, including a list of panelists and the conference agenda. This event will provide a forum for public input as the Administration continues its work developing a comprehensive housing finance reform proposal for delivery to Congress by January 2011. The event will take place from 9:00 a.m.–1:30 p.m. at the Cash Room of the U.S. Treasury Department, located at 1500 Pennsylvania Ave., NW in Washington, D.C.
“Across the spectrum, stakeholders agree that our current system of housing finance requires fundamental reform,” said Jeffrey A. Goldstein, Under Secretary of the Treasury for Domestic Finance. “This conference is an opportunity for us to broaden our perspectives on a number of key issues in a transparent way to make certain that all of the best ideas are on the table.”
“This conference is an opportunity to engage stakeholders and experts with broad knowledge and many perspectives,” said Dr. Raphael Bostic, U.S. Department of Housing & Urban Development (HUD) Assistant Secretary for Policy Development and Research. “It is part of our larger effort to make sure that we have a deep and wide understanding of these issues as we chart a thoughtful, sound path forward in reforming our housing finance system.”
During the conference, Treasury Secretary Tim Geithner and HUD Secretary Shaun Donovan will moderate panel discussions with a diverse group of experts about the critical issues surrounding housing finance reform. These panelists represent a cross-section of stakeholder groups with interests in the outcome of this reform process, including citizen advocacy groups, economists, investors, market researchers, originators, securitizers, servicers, and private mortgage insurers. The following individuals will be panelists at the Aug. 17 conference:
►Barbara J. Desoer, president of Bank of America Home Loans
►Ingrid Gould Ellen, Professor of Urban Planning and Public Policy at New York University's Wagner Graduate School of Public Service and Co-Director of the Furman Center for Real Estate and Urban Policy
►Bill Gross, co-founder and co-chief investment officer of PIMCO
►Mike Heid, co-president of Wells Fargo Home Mortgage
►S.A. Ibrahim, chief executive officer of Radian Group Inc.
►Marc H. Morial, president and chief executive officer of the National Urban League
►Alex Pollock, resident fellow at the American Enterprise Institute
►Lewis Ranieri, chairman of Ranieri and Company Inc.
►Ellen Seidman, executive vice president for national policy and partnership development at ShoreBank Corporation, and chair of the board of directors at the Center for Financial Services Innovation
►Michael A. Stegman, director of policy and housing for the program on human and community development of the John D. and Catherine T. MacArthur Foundation
►Susan Wachter, Richard B. Worley Professor of Financial Management, Professor of Real Estate, Finance and City and Regional Planning at the University of Pennsylvania's Wharton School
►Mark Zandi, chief economist of Moody's Analytics
The event will also be streamed live on www.treasury.gov.