Loss Mitigation Training: Federal Programs Explained

October 7, 2011

In this event the Community Development team brought together servicers including HUD, Fannie Mae, Freddie Mac, and OHFA (the Ohio Housing Finance Agency) with a number of agencies that administer loss-mitigation programs. The event aimed to do two things: First to inform counselors of GSE loss mitigation policies, and second to get a better understanding of the obstacles to helping more people remain in their homes. Check out event specifics, including a presentation made by Michael Pires, Assistant Grant Manager, OHFA on the challenges to spending Ohio's allotment of Hardest Hit Funds, as well as a loss-mitigation report prepared by Community Development Summer 2011 Intern Joseph Joyce based on a survey of housing counseling agencies earlier this year.

Agenda

 

8:15-8:30AM

Introduction & Welcome

Mark Sniderman, Executive Vice President and Chief Policy Officer, Federal Reserve Bank of Cleveland

8:30–10:15AM

HUD's Loss Mitigation Program Overview/Home Retention Options

Earl Jones, HUD

|Presentation|

10:15–10:30AM

Break

 

10:30-12:00PM

Fannie Mae's Loss Mitigation Program/Home Retention Options

Tracy Poy, Fannie Mae

|Presentation|

12:00–1:30PM

Lunch Presentation-OFHA

Michael Pires, Ohio Housing Finance Agency

|Presentation| 

1:30-3:00PM

Freddie Mac's Servicing Alignment Initiative

Robin Stout Migala, Freddie Mac

|Presentation|

3:00PM

Conclusion