The Federal Reserve Bank of San Francisco
Community Development
Upcoming Event
Foreclosure Prevention/Loss Mitigation TrainingForeclosure Prevention/Loss Mitigation Training
Sponsored by the Federal Reserve Bank of San Francisco
Provided by Wells Fargo Bank

February 26, 2008
Wells Fargo Conference Center

Questions? Contact Jan Bontrager, Regional Manager, 415-974-3370.

 
Event Description

This training, supported by the Arizona Foreclosure Prevention Task Force, provided important information on foreclosure prevention and loss mitigation resources for sustaining homeownership in your community.

The training course covered the following topics: the history of loss mitigation; the lender/investor/servicer relationship; general mortgage loan servicing requirements; loss mitigation options and qualification standards; best practices for counselor/realtor interactions with servicers; retention options; short sales; and real estate owned (REO) homes and properties. 

Any practitioner working with homeowners at risk of a potential foreclosure were encouraged to attend, including realtors,  attorneys, public officials, social workers, brokers, and housing counselors.*
 
*This class was a non-certification training that provided an introduction to foreclosure issues and loss mitigation resources.
 
Related Resources and Content

Preserving Homeownership—Preserving Communities
Mortgage delinquency research and data, resources for lenders, counselors and consumers for high risk areas in the Federal Reserve’s 12th District.

Community Investments Magazine Issue on Homeownership Preservation, Vol 18; No.3

Homeownership at a High Cost: Foreclosure Risk and High Cost in California
Laura Lanzerotti, Working Paper 2006-01

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