Chicago Sun-Times
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Gutierrez, Quigley mortgage foreclosure hearing Monday in Chicago

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below, from Gutierrez.....

Congressional Briefing In Chicago
On Foreclose Mitigation Efforts

Rep. Gutierrez and Rep. Quigley Look Into Role of Government-Owned Mortgage Companies And Efforts To Forestall Foreclosures

(Washington, DC) - Rep. Luis V. Gutierrez (D-IL) and Rep. Mike Quigley (D-IL) will convene a briefing that is open to the press and public on efforts to provide relief to homeowners facing foreclosure and the role of government-owned companies (e.g., Freddie and Fannie) in the mortgage and foreclosure crisis.

Concerns have been raised about the efficacy of the current foreclosure mitigation process, including the role of government-owned companies in coordination with banks and community groups to prevent additional foreclosures and evictions. This briefing will be a forum for all sides to discuss the problems they are having with the current process and what can be done to fix these problems.

What: Congressional Briefing: Foreclosure Mitigation and the Role of Government-Owned Companies

When: Monday, October 4 at 10:30 a.m. CT

Where: Ceremonial Courtroom, Room 2525

Dirksen Federal Building (219 S. Dearborn St.) Chicago, IL

Who: Rep. Luis V. Gutierrez, Chairman, House Financial Services Subcommittee on Financial Institutions and Consumer Credit

Rep. Mike Quigley

Panel I

Alderman Richard Mell

Alderman Roberto Maldonado

Diane Limas, Albany Park Neighborhood Council (APNC) Board Member

Mariela Arteaga, APNC Leader

Jenny Arwade, Director of APNC

Tony Spadafora, City of Chicago Police Department, Troubled Buildings Initiative

Ruben Feliciano, Latino United Community Housing Association (Lucha)

Tom Feltner, Vice-President, Woodstock Institute

Theresa Welch, Foreclosure Counselor, South Austin Coalition Community Council, on behalf of National People's Action

Panel II

Jeff Spohn, Head of the Office of Conservatorship Operations, Federal Housing Finance Agency (FHFA)

Mike Hernandez, Vice President for Default Prevention Outreach, Fannie Mae

Robert Kimble, Senior Director Foreclosure Prevention Administration, Freddie Mac

Joe Ohayon, Wells Fargo Home Mortgage Servicing

Tyler Smith, Wells Fargo REO Property Maintenance and Disposition

Bank of America (Invited)

Ally Financial (Invited)

# # #

1 Comment

Thank you for the notice and the list of participants. This is a very serious issue and our citizens need to beware of the impact of new rules that will govern the way their mortgages are handled. The combination of Corporate Greed and Unemployment is an open wound on our land. We are under the thumbs of this corporate greed. We need to pay attention and object loudly if we are not protected.

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Lynn Sweet

Lynn Sweet is a columnist and the Washington Bureau Chief for the Chicago Sun-Times.

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