ADVISORY: Housing Experts to Put the FHA’s Financial Problems in Perspective
Contact: Katie Peters
Washington, D.C. — On Friday, November 30 the Federal Housing Administration’s Acting Commissioner Carol Galante will join a panel of distinguished housing experts and The Wall Street Journal‘s Nick Timiros to put Federal Housing Administration’s financial problems in perspective by addressing the major findings from the agency’s 2012 actuarial review and annual report to Congress.
For close to 80 years the Federal Housing Administration has helped millions of families achieve homeownership and has promoted stability in the U.S. housing market. But in the wake of the worst housing crisis since the Great Depression, the agency is facing mounting losses. Our panel will discuss the agency’s findings, the role the administration has played in recent years, and what lessons we can learn for the future.
Carol Galante, Acting Commissioner, Federal Housing Administration
Roberto Quercia, Director, UNC Center for Community Capital
David Stevens, President and Chief Executive Officer, Mortgage Bankers Association
Joseph Tracy, Senior Advisor to the President, Federal Reserve Bank of New York
Susan Wachter, Richard B. Worley Professor of Financial Management, The Wharton School
Sarah Rosen Wartell, President, The Urban Institute
Nick Timiraos, Reporter, The Wall Street Journal
November 30, 2012
12:00 p.m. – 2:00 p.m.
A light lunch will be served at 11:30 a.m.
Center for American Progress
1333 H St. NW, 10th Floor
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