Experts agree that the Midwest has particularly been impacted by the recent surge in home foreclosures, but they also believe the epidemic is curable. On Tuesday, August 28, Networks Financial Institute at Indiana State University, in partnership with the Federal Reserve Bank of Chicago, convened The Nation’s Foreclosure Epidemic addressing the evolving foreclosure crisis. Speakers and panelists representing financial institutions, the real estate community, builders, regulatory parties and government weighed in on the size and scope of the problem; the contributing factors; the impact on affected parties including homeowners, lending institutions, neighborhoods and families; and various regulatory and educational initiatives that may help remedy the foreclosure problem.

Agenda Highlights:

Click here to download full event program booklet

"The Nation's Foreclosure Epidemic: Causes, Consequences and Remedies"

"The Long and Short of Housing: The Homeownership Boom and the Subprime Foreclosure Bust"

• John Weicher, Senior Fellow, Hudson Institute

"Why are Subprime Mortgage Delinquences so High?"

• Yuliya Demyanyk, Economist, Federal Reserve Bank of St. Louis

"Foreclosures: A National Problem with an even Greater Impact on Indiana and its Neighbors"  Moderator: Rick Wajda, Chief Executive Officer,  Indiana Builders Association                     

Panelists:

• Richard Brown, Chief Economist, FDIC
• Seth Payton, Senior Policy Analyst, IUPUI
• Stephen J. Sullivan, CEO, MIBOR
• Moira Carlstedt, President, Indianapolis Neighborhood Housing Partnership

Keynote Address: "Addressing Indiana's Foreclosure Crisis"  by Todd Rokita, Indiana Secretary of State

"Remedies to Address Foreclosures" : Moderator: Curt Wiley, Chair, Indiana Mortgage Fraud and Foreclosure Prevention Task Force

Panelists:

• Bill Sultan, President, Momentive
• Bonnie Boards, Vice President, Chase
• Desiree Hatcher, Community Affairs Program Director, Federal Reserve Bank of Chicago
• Donna Eide, Co-chair, Mortgage Fraud and Foreclosure Prevention Task Force

"Diagnosing the Epidemic: National Attitudes and Approaches to Financial Literacy"

• David Godsted, Director of Financial Literacy, Networks Financial Institute

Event Highlights:

Special Thanks to All Our Sponsors:

• Federal Reserve Bank of Chicago
• Media sponsor: WFYI

Corporate Table Sponsors:

• Doyle & Friedmeyer, Attorneys at Law
• IACED
• Indiana Association of Realtors
• Indiana Mortgage Bankers Association
• Indianapolis Neighborhood Housing Partnership
• National City Bank