REO Servicing in the Mortgage Crisis: A Foundation for Dialogue and Collaboration

April 11, 2011

A CLE Course for Lawyers and Policy Makers, Local Code Enforcers, and REO Servicers

Prepared and Presented Jointly By:

Syllabus for Participants
 

Monday, April 11

Panel I

REOs, the Shadow Inventory, and Costs: The Hard Data

Moderator:
Mary Helen Petrus, Community Development Outreach Manager and Senior Policy Advisor, Federal Reserve Bank of Cleveland

Panelists:
Mike Schramm, Director of IT and Research, Cuyahoga County Land Bank
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Thomas J. Fitzpatrick, IV, Economist, Federal Reserve Bank of Cleveland
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Guhan Venkatu, Research Economist, Federal Reserve Bank of Cleveland
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Frank Ford, Senior Vice President of Research and Development, Neighborhood Progress, Inc.
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Panel IIA

Challenges in Property Preservation, Repossession, and Disposition: From the Trenches

Moderator:
Kermit Lind, Cleveland-Marshall College of Law

Presenters:
Kamla Lewis, Director, Neighborhood Revitalization Department City of Shaker Heights

Daryl Rush, Director, Department of the Department of Community Development, City of Cleveland

Panel IIB

Challenges in Property Preservation, Repossession, and Disposition: Servicer Perspective

Moderator:
Kermit Lind, Cleveland-Marshall College of Law

Presenters:
Russ Cross, SVP/Regional Servicing Director, Wells Fargo Home Mortgage

PJ McCarthy, Fannie Mae

Jeannie Fantasia, Bank of America Homeloans

Session IIIA

Solutions and Shared Strategies: REO Acquisition and Disposition

Moderator:
Joel Ratner, President, Neighborhood Progress, Inc.

Panelists:
Gus Frangos, President, Cuyahoga County Land Bank
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PJ McCarthy, Fannie Mae

Sally Martin, Housing Manager, City of South Euclid

Tyler Smith, REO manager, Community Development, Premier Asset Services
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Session IIIB

Solutions and Shared Strategies: REO Preservation

Moderator:
Joel Ratner, President, Neighborhood Progress, Inc.

Panelists:
Jay Westbrook, Cleveland City Council, on Code Enforcement Partnership
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Robert Klein, founder and Chairman, Safeguard Properties
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Wrap up and next steps

Jim Rokakis, The Thriving Communities Institute