Skip Header
U.S. flag

An official website of the United States government

Conference Agenda

FDIC Advisory Committee on Economic Inclusion (ComE-IN)

July 16, 2007

Last Updated: July 13, 2007

At a Glance

Time Session Information
9:00 am to 9:30 am Welcome remarks,

Diana L. Taylor, Chair, Advisory Committee

Update on small dollar loan pilot program; subprime testimony; securitization roundtable – Sheila C. Bair, Chairman, FDIC

9:30 am to 10:30 am

How did we get here? Why high-priced lenders disproportionately lend to low-income and minority home borrowers

William Apgar, Jr.    Harvard University

John Weicher,   Hudson Institute

10:30 am to 10:45 am Break
10:45 am to 12:15 pm

Efforts to Help Troubled Borrowers

Michael Shea

Diane Thompson
Land of Lincoln Legal Assistance Foundation

Kenneth Wade
NeighborWorks America

Michael Desmond
U.S. Department of the Treasury

Moderator: Sandra L. Thompson, FDIC

12:15 pm  to 1:15 pm Lunch
1:15pm to 2 pm Mortgage Brokers

Jack Guttentag

Professor of Finance, Emeritus, Wharton School
University of Pennsylvania

2:00 pm to 4:00 pm

What can we do? Issues for National Standards Involving Congress, Regulators, Consumers, Consumer Groups. Wall Street and Investors

  • Defining subprime.
  • Underwriting to the fully indexed interest rate?
  • Prepayment penalties
  • Mandatory escrow accounts for taxes and insurance?
  • Licensing and standards for mortgage brokers
  • Meaningful disclosures and honest advertising
  • Secondary market liability
  • Stated income/ low doc loans
  • Future ACTION items.

 Legal Introduction:   Sara A. Kelsey, FDIC
 Discussion Leader:   Diana Taylor

General Information
ComE-IN Background Definitions
Various Articles Regarding ComE-IN Issues - PDF 1539k (PDF Help)

NeighborWorks® America Information
Fact Sheet - PDF 2341k (PDF Help)
National Partners - PDF (PDF Help)
Preventing Foreclosure: NeighborWorks® America’s PSA Campaign - PDF (PDF Help)
Foreclosure Statistics - PDF (PDF Help)

Relevant FDIC Press Releases
Federal Financial Regulatory Agencies Issue Final Statement on Subprime Mortgage Lending - June 29, 2007

FDIC Issues Final Guidelines on Affordable Small-Dollar Loans - June 19, 2007

PDF Help - Information on downloading and using the PDF reader.