| Written by Eduardo Romero, on May 11, 2010 |
From: Capital Area Foreclosure Network
Date: May 7, 2010
Re: Renters at Foreclosure, New Data about Subprime Lending, Upcoming Events
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Approximately 200 realtors, counselors, lawyers, property managers, and government officials converged in the Fannie Mae conference center on May 6th to learn about protections for renters when their landlord goes into foreclosure. The conference included
- new data about the incidence of renter foreclosure in the region
- a summary of federal and state laws
- examples of how these laws are implemented; and case studies to engage the audience.
Power points from the event will be available on the Capital Area Foreclosure Network website and on the Federal Reserve website. The event was co-hosted by Fannie Mae, the Federal Reserve Bank of Richmond, and the Capital Area Foreclosure Network. Follow up steps include: distribution of brochures describing renter rights in D.C., Maryland or Virginia and outreach to servicers and constituent services representatives. |
| SUBPRIME LENDING, FORECLOSURES, RACE & ETHNICITY |
Anew study by the National Community Reinvestment Coalition indicates that subprime lending and resulting foreclosures contained a clear racial component not explained by objective underwriting criteria. African American and Latino borrowers were more likely to receive a subprime loan, and to go into foreclosure, than similarly situated white homeowners, controlling for credit risk and other borrower, neighborhood and loan characteristics. Download the Press Release Download the Executive Summary
Download the Report |
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The Future of Homeownership In Maryland: Avoiding the Next Crisis May 11, 2010 9:00AM-4:00PMLocation: Hilton Columbia 5485 Twin Knolls Road Columbia, MD 21045
More Information and Register Foreclosure Prevention WorkshopJune 19, 20109:00AM-5:00PM
Location: Fairfax County Government Center 12000 Government Center Parkway, Fairfax, VAMore Information and Register
2nd Annual DC Housing Expo & Foreclosure Clinic
June 19, 201010:00AM-3:00PM
Location: Washington Convention Center 801 Mount Vernon Place NW, in the DistrictMore Information
More Info About Upcoming Events |
Suggestions? Ideas? Want to get involved? Let us know!
Know about any foreclosure related events in the Greater Washington area? Let us know |
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