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Impact of Housing Legislation on Minority Homeownership
Opportunities
10:30 a.m. – 11:45 a.m.
Annapolis Ballroom 1 & 2
The new paradigm brought on by the groundbreaking Housing and Economic Recovery Act of
2008 (HERA) is likely to radically transform the minority and affordable lending landscape.
New resources will be made available for troubled borrowers through the Hope for Homeowners
provisions. The stock of affordable housing will be stimulated by emergency assistance
provisions that will provide billions of dollars to states for acquiring foreclosed properties to
rehabilitate and resale. Lending operations are expected to be dramatically altered by new
originator licensing standards; FHA modernization, risk based pricing, and enhanced mortgage
disclosures to consumers. Affordable housing and minority lending are also likely to be impacted
by the following: The expected transformation of the GSE’s, CRA-like GSE affordable housing
goals, the use of new tax credits, and affordable housing trust funds.
Moderator: Michael Taliefero
Managing Director
Compliance Tech
Speakers: Tim Doyle
Vice President
Conference of State Bank Supervisors, Inc
Tom Goyda
Vice President
Research and Analysis
Wells Fargo
Joseph Pigg
Vice President and Senior Counsel
Mortgage Finance
American Bankers Association