Richmond Federal Reserve and Mason Sponsor Forum on Mortgage Foreclosures

Posted: November 6, 2008 at 1:00 am, Last Updated: November 30, -0001 at 12:00 am

To help people better understand the current mortgage foreclosure picture in Virginia, Mason and the Federal Reserve Bank of Richmond are sponsoring a forum on Friday, Nov. 7, at 10 a.m. in the Johnson Center Cinema on the Fairfax Campus.

Titled “Widespread Impacts of Mortgage Foreclosures: From Credit Markets to Local Communities,” this event is free and open to all interested persons.

Speakers include John McClain, senior fellow and deputy director of Mason’s Center for Regional Analysis; Michael Riddle, senior financial analyst at the Federal Reserve Bank of Richmond; Courtney Mailey, regional community development manager at the Federal Reserve Bank of Richmond; and Robert Carpenter, associate professor of economics at the University of Maryland, Baltimore County.

Specific topics the speakers are expected to address are:

  • The key drivers behind the mortgage foreclosure and credit lending crunch, nationally and locally
  • The effect of foreclosures on communities in Northern Virginia
  • Responses to local housing marketing conditions by the Federal Reserve and by federal and local governments

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