Foreclosing on the American Dream?

    Foreclosing on the American Dream?

    Nation’s Most Respected Housing Experts Discuss Solutions to Foreclosure Crisis & Ways to Recreate Sustainable Homeownership At National Community Reinvestment Coalition Annual Conference – March 12_15

    600 Community Leaders Expected To Attend

    WASHINGTON, Jan. 28 /PRNewswire-USNewswire/ — As the impact of irresponsible lending practices on the American economy become clear, the National Community Reinvestment Coalition (NCRC), one of the nation’s biggest and most respected coalitions for fair lending, will conduct its national conference on the issue March 12-15.

    Last year’s conference provided substantive warning of the pending foreclosure crisis, and detailed the potential negative impact on America’s communities. This year, with the crisis in full swing and America’s economic indicators increasingly pointing to a recession, national leaders will discuss ways to put the housing finance market back on track, and to recreate sustainable homeownership for working families.

    Federal Reserve Chairman Ben Bernanke will deliver the keynote speech for a special full day session entitled “Foreclosing on the American Dream: Recreating Sustainable Homeownership.” The session will feature plenary sessions including The Foreclosure Crisis: Multiple Points of Failure, Remedies and Needed Interventions and a roundtable discussion on policy recommendations with national experts.

    Experts will be present from a diverse group of civic and financial industry organizations such as the Brookings Institute, Citi, National Consumer Law Center, HSBC America, the Ford Foundation, National Council of La Raza and Wall Street Without Walls and others.

    Complete details of the conference can be found at http://www.ncrc.org

    “This is a critical time to get experts and leaders in one place to talk about this urgent issue,” says John Taylor, president and CEO of NCRC. “We need bolder solutions immediately. Two million working families shouldn’t have to wait any longer for assistance that helps them avoid foreclosure.”

    WHAT: National Community Reinvestment Coalition Annual Conference, entitled “Creating the Vision for a Fair Economy: Investing in People and Communities.”

    WHO: Dozens of leading experts on community development, mortgage lending, financial institutions and fair housing; Federal Reserve Chairman Ben Bernanke; Diana Olick, CNBC; Rev. Jesse Jackson, Sr.; John Taylor, President and CEO of the National Community Reinvestment Coalition.

    WHEN: March 12-15 (Wednesday-Saturday) 2008.

    WHERE: Hyatt Regency Capitol Hill

    400 New Jersey Avenue, NW

    Washington, D.C. 20001

    REGISTRATION AND ADDITIONAL DETAILS OF CONFERENCE SESSIONS AND PANELISTS CAN BE FOUND AT http://www.ncrc.org.

    Members of the press wishing to attend should email Jesse Van Tol, ">.

    SOURCE National Community Reinvestment Coalition

    © 2007 PR Newswire. All Rights Reserved.

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    NCRC

    The National Community Reinvestment Coalition (NCRC) was formed in 1990 by national, regional, and local organizations to develop and harness the collective energies of community reinvestment organizations from across the country so as to increase the flow of private capital into traditionally underserved communities. 

    NCRC has grown to an association of more than 600 community-based organizations that promote access to basic banking services including credit and savings, to create and sustain affordable housing, job development and vibrant communities for America's working families.

    Contact:

    NCRC
    727 15th Street, Suite 900
    Washington DC 20005

    Phone: 202 628-8866
    Fax: 202 628-9800

    Media contact:
    Jesse Van Tol
    Phone: (202) 464-2709

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