August 17, 2010
Conference on the Future of Housing Finance
On August 17, Treasury and HUD hosted the Obama Administration's Conference on the Future of Housing Finance at Treasury. Secretary Geithner was joined by HUD Secretary Shaun Donovan and senior White House, HUD, and Treasury officials, as well as a wide cross-section of stakeholders, including citizen and consumer advocacy groups, economists, investors, lenders, market researchers, mortgage servicers, and many others. The conference provided an additional opportunity for the Administration to hear a diverse set of perspectives on the key issues surrounding housing finance reform and to make certain that all of the best ideas are on the table as it continues to develop a comprehensive housing finance reform proposal for delivery to Congress by January 2011.
The following individuals were panelists at the August 17 conference:
- BarbaraJ.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 and Co-Director of the Furman Center for Real Estate and Urban Policy
- 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.
- Marc H. Morial, President and Chief Executive Officer of the National Urban League
- Alex Pollock, Resident Fellow at the American Enterprise Institute
- Lewis Ranieri, Chairman of Ranieri and Company, Inc.
- Ellen Seidman, Ellen Seidman, Executive Vice President for Mission and Strategy, at ShoreBank Corporation, and Chair of the Board of Directors at the Center for Financial Services Innovation
- Michael A. Stegman, Director of Policy and Housing for the Program on Human and Community Development of the John D. and Catherine T. MacArthur Foundation
- Susan Wachter, Richard B. Worley Professor of Financial Management, Professor of Real Estate, Finance and City and Regional Planning at the University of Pennsylvania's Wharton School
- Mark Zandi, Chief Economist of Moody's Analytics
Details regarding the event, including topics for panel discussions and breakout sessions, appear below.
9:00 AM EDT
Treasury Secretary Tim Geithner
Opening Remarks
Cash Room
U.S. Treasury Department
1500 Pennsylvania Ave., NW
Washington, D.C.
9:15 AM EDT
HUD Secretary Shaun Donovan
Delivers Remarks
Cash Room
U.S. Treasury Department
1500 Pennsylvania Ave., NW
Washington, D.C.
9:30 AM EDT
PANEL DISCUSSION ONE – Housing Finance Reform and Broader Financial Markets
Moderated by Treasury Secretary Tim Geithner
Cash Room
U.S. Treasury Department
1500 Pennsylvania Ave., NW
Washington, D.C.
10:30 AM EDT
PANEL DISCUSSION TWO – Housing Finance Reform and Broader Housing Policy Goals
Moderated by HUD Secretary Shaun Donovan
Cash Room
U.S. Treasury Department
1500 Pennsylvania Ave., NW
Washington, D.C.
11:45 PM EDT
WORKING BREAKOUT LUNCHES
Hosted by Senior White House, HUD, and Treasury Officials
Breakout Session Topics:
Breakout Session One: Key Players in a Reformed System: Role of the Private Sector and of Government
Breakout Session Two: Delivering Access and Affordability
Breakout Session Three: Funding Housing and the Role of Securitization
Breakout Session Four: Aligning Private Market Incentives in the Housing Finance Chain
Breakout Session Five: Supporting Capital for Multifamily Finance
Breakout Session Six: Managing the Process of Transition
1:15 PM EDT
NEC Deputy Director Diana Farrell
Closing Remarks
Cash Room
U.S. Treasury Department
1500 Pennsylvania Ave., NW
Washington, D.C.
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