Foreclosure Prevention for Banks & Credit Unions LIVE Webinar ** Discounts apply for early registration. See information below to register in this event. **
The recent extended credit crisis has caused a record number of home foreclosures. While tragic for homeowners, this also presents considerable difficulties for banks and credit unions. Home foreclosures often require banks to take possession and forcing them to sell the properties at a loss. The key to minimizing these risks is to take steps internally to help prevent at least some foreclosures. The Knowledge Congress has assembled a group of key thought leaders in this area who will help your institution understand how to take preventive measures in this area. The group will present their findings in an upcoming webinar. The event will take place on November 21st, 2008 @ 1:00pm to 3:00pm (ET). Course Level: Intermediate Prerequisite: None Method Of Presentation: Group-Based-Internet Developer: The Knowledge Conference Recommended CLE/CPE Hours: 2.0 (Please note, your State Bar or Accounting Board will make the final determination with respect to continuing education credit.) Advance Preparation: Print and review course materials Course Code: 083778 Confirmed Speakers: Department of Labor, Licensing and Regulation Mark Kaufman Deputy Commissioner of Financial Regulation National Council of State Housing Agencies Garth Rieman Director of Housing Advocacy and Strategic Initiatives NeighborWorks® America Deborah Boatright Director, Northeast District Event Agenda and High Level Points to be Discussed: * Foreclosure prevention starts with sound underwriting – * Spotting problems in the portfolio early is the key * Proactive outreach in any way possible is essential – trying to refi out * Avoiding REO – need to facilitate short sales which appear to take far too long * State Housing Finance Agencies (HFAs) are great partners in today’s market. They can still raise capital, they have pricing and underwriting terms that allow for continuous affordable lending to low and moderate-income homebuyers even in today’s market. Their portfolios are stable and they are still in good shape. * Congress recently provided helpful tools for HFAs and lenders to prevent and address foreclosures. HFAs can use single-family bond proceeds for refinancing and new loans. * FHA insurance can help people buy and stay in their homes. * HUD’s new Neighborhood Stabilization Program should help communities turn around REOs and make them available to new homebuyers. States and locals are also trying other initiatives. * HFAs and other entities participate in NeighborWorks America’s National Foreclosure Mitigation Counseling Program and HUD’s counseling program, which also help homeowners avoid foreclosure and can be good partners for banks and credit unions. * Professionally trained non-profit housing counselors are a valuable resource in resolving mortgage issues with borrower. * Feedback from the housing counseling field--improving the loss mitigation process and preventing re--defaults. * Community partnerships and innovative strategies can reach borrowers earlier--best practices from around the country. * More event agenda and high level points are coming soon. Why Attend? This is a must attend event for anyone interested in understanding the related issues and developments on Foreclosure prevention. * New guidance explained by the most qualified key leaders & experts. * Hear directly from key regulators & thought leaders. * Interact directly with panel during Q&A Who Should Attend? - CRO and all Risk Management - Bank & Credit Unions - Finance - Community development professionals - Economists - Housing experts - Subprime and Hedge Funds Lawyers - CPA Consultants Webinar Date & Time: Friday, November 21st, 2008 1:00 pm to 3:00 pm (ET - USA, New York) Registration Information: ** Discounts apply for early registration ** Course Fee: $199 - $299 (Please click link below for more details) Registration Link (click link below or copy and paste into your browser): https://web.memberclicks.com/mc/quickForm/viewForm.do?orgId=gkc&formId=50923 Registration Code: KC1 For Group registrations please follow the link: http://www.knowledgecongress.org/group_registration.htm or call 1.800.578.4370 for more info. Important Notice: If you have a scheduling conflict and can't attend this live event on its scheduled date, you may want to order the full recording of the event for your review at your convenience. Please email: [EMAIL PROTECTED] for any question or if you wish to order the recording. Check for Updates, Speaker Bios, Event Details etc: http://www.knowledgecongress.org/event_2008_for.html Disclaimer: Please note, the event date is firm although it may be subject to change. Please click http://www.knowledgecongress.org/date_policy.html for details. About The Webinar Organizer: The Knowledge Congress is an organization that produces webinars which examine regulatory changes and their impacts across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webinars to study the impact of changing regulations.” To contact, please visit: www.knowledgecongress.org Decline This Particular Invitation: If you would like to decline this invitation & continue to be informed about future events click send an email to: [EMAIL PROTECTED] with the following subject: "I can not attend Foreclosure event(Click send to decline this invitation)". 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