HUD to host Foreclosure Summit in New York

The U.S. Office of Thrift Supervision (OTS), in partnership with the U.S .Department of Housing & Urban Development (HUD), NeighborWorks America, and the Center for New York City Neighborhoods, is hosting a summit on foreclosure prevention on Tuesday, Nov. 10, 2009 at the Jacob K. Javits Federal Building in Lower Manhattan from 8:00 a.m.-2:30 p.m. The summit is for a small group of lenders, servicers, counselors, legal counseling entities, regulators and government officials to listen to initiatives being undertaken by the Treasury Department, HUD, the HOPE NOW Alliance, major mortgage servicers and the Center for New York City Neighborhoods to address the problems and issues affecting foreclosure prevention since the implementation of the Home Affordable Modification Program (HAMP). The summit will also provide a forum for the announcement of new initiatives and programs that will begin early next year to enhance the effectiveness of HAMP. Conference speakers will include representatives from the above sponsors plus Faith Schwartz, executive director of the HOPE NOW Alliance; Laurie Maggiano, director of policy, Treasury Department; and Sarah Gerecke, executive director of the Furman Center for Real Estate and Urban Policy at New York University. Representatives from both Fannie Mae and Freddie Mac are also scheduled to speak. For more information, contact Adam Glantz, Public Affairs Officer--Region II, the U.S. Department of Housing & Urban Development, at (212) 264-1100 or e-mail adam.glantz@hud.gov.