FDIC and Federal Reserve to Host Symposium on the Future of Housing Finance

The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve System will host a two-day symposium on Monday-Tuesday, Oct. 25-26, 2010, on mortgages and the future of housing finance. Federal Reserve Board Chairman Ben Bernanke will deliver opening remarks, and FDIC Chairman Sheila Bair will be the keynote luncheon speaker. "The housing sector, one of the main engines of our economy, has seen positive signs, but there are many hurdles yet to overcome," said FDIC Chairman Bair. "It is very clear that as a country we need to aggressively examine the incentives of our system of mortgage finance to ensure that the problems that contributed to the financial crisis are addressed. It will be difficult to restore stability and normalcy to the housing finance system—and thus the broader economy—without reform. Over the next two days we will hear from experts across the housing spectrum to help identify solutions to these vital issues." Experts from the public, private and academic sectors will participate in the symposium to discuss mortgage finance, foreclosures, loan modifications, and securitizations. Chairman Bernanke's opening remarks and Chairman Bair's luncheon address will be Webcast on Monday, Oct. 25 beginning at 8:30 a.m. EDT through the luncheon keynote. You can view the Webcast by clicking here. This event is free and open to the public. However, seating is limited and pre-registration is required. However, seating is limited and pre-registration is required. The symposium will be held at the FDIC Virginia Square facility, located at the L. William Seidman Center, 3501 N. Fairfax Drive, Arlington VA, 22226-3599, C Building Auditorium. Click here to view the Conference Agenda. For more information, visit www.fdic.gov.