Acquiring REOs in Compliance with NSP

The Federal Reserve Bank of San Francisco

Past Event

Stabilizing Communities Series:
Acquiring REOs in Compliance with NSP
Sponsored by the Federal Reserve Bank of San Francisco, the Office of the Comptroller of the Currency, the U.S. Department of Housing Development and Enterprise Community Partners

March 3, 2009
Los Angeles, CA

Questions? Contact Melody Nava, Regional Manager, Southern California

Event Presentations

The purpose of this forum was to bring REO asset managers from selected lenders and jurisdictions together with bankers and targeted nonprofit organizations to discuss the transfer of foreclosed or vacant properties under HUD’s Neighborhood Stabilization Program (NSP).

Forum Agenda & Presentations
9:00 a.m.	Welcome and Introductions Melody Winter Nava, Federal Reserve Bank of San Francisco Neighborhood Stabilization Program Overview William Vasquez Pauline Louie U.S. Department of Housing and Development
9:20 a.m.	National Community Stabilization Trust Overview Donovan Walsh, National Community Stabilization Trust (PDF)
10:05 a.m.	Banker/Servicer Panel Susan Howard, Office of the Comptroller of the Currency Warren Harris, Fannie Mae (PDF) Bonnie Boards, JP Morgan Chase (PDF) Carmel Sella, Wells Fargo Bank (PDF) Tom Lin, Bank of America (PDF)
11:20 a.m.	Implementation Strategies Jeff Schaffer, Enterprise Community Partners Susan McDevitt, Mary Erickson Community Housing (PDF) Doug Swoger, Los Angeles Housing Department Carey Jenkins, City of San Bernardino Economic Development (PDF) Tom Streitz, Minneapolis Department of Community Planning & Economic Development (PDF)
12:35 p.m.	Next Steps/Adjourn