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ADVISORY: Housing Experts to Put the FHA’s Financial Problems in Perspective

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Contact: Katie Peters
Phone: 202.741.6285

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.


Keynote speaker:
Carol Galante, Acting Commissioner, Federal Housing Administration

Featured panelists:
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

Moderated by:
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
Washington, DC20005

RSVP for this event


To speak with our experts on this topic, please contact:

Print: Liz Bartolomeo (poverty, health care)
202.481.8151 or

Print: Tom Caiazza (foreign policy, energy and environment, LGBT issues, gun-violence prevention)
202.481.7141 or

Print: Allison Preiss (economy, education)
202.478.6331 or

Print: Tanya Arditi (immigration, Progress 2050, race issues, demographics, criminal justice, Legal Progress)
202.741.6258 or

Print: Chelsea Kiene (women's issues,, faith)
202.478.5328 or

Print: Beatriz Lopez (Center for American Progress Action Fund)
202.741.6255 or

Spanish-language and ethnic media: Rafael Medina
202.478.5313 or

TV: Rachel Rosen
202.483.2675 or

Radio: Sally Tucker
202.481.8103 or