The Obama Administration has announced plans for the panel discussion on housing finance reform. On Tuesday, August 17 at 9 AM, the “Conference on the Future of Housing Finance” will take place at the US Treasury Department. The conference is being dubbed a “forum for public input” and will be completely open to the press.
The ultimate goal of the conference is for the administration to develop a plan for housing finance reform. Their proposal on the subject is expected to be given to Congress by January 2011.
The administration feels this panel will provide the opportunity to expand their insight into the subjects at hand. Dr. Raphael Bostic, HUD Assistant Secretary for Policy Development and Research, says the conference will allow the administration the chance to “have a deep and wide understanding of these issues as we chart at thoughtful, sound path forward in reforming our housing financing.”
Treasury Secretary Tim Geithner and HUD Secretary Shaun Donovan will moderate the panel discussion. The administration has assembled a diverse group of experts to speak on the topics, including citizen advocacy groups, economists, investors, market researchers, originators, securitizes, services, and private mortgage insurers. Topics to be discussed include “Supporting Capital for Multifamily Finance,” “Delivering Access and Affordability,” and “Aligning Private Market Incentives in the Housing Finance Chain.”
Other Panelists include Barbara J. Desoer, President of Bank of America Home Loans, Ingrid Gould Ellen, Professor of Urban Planning and Public Policy at New York University’s Wagner Graduate School of Public Service, Bill Gross, Co-founder and Co-chief Investment Officer of PIMCO, Mike Heid, Co-president of Wells Fargo Home Mortgage, S.A. Ibrahim, Chief Executive Officer of Radian Group Inc. and more.
The conference panels and official remarks are all open to the press, however the working breakout lunches are open to correspondents only. The event will be streamlined live for the public at www.treasury.gov. For the full agenda, see here.
Written by Kelly Mellott