Full Committee Hearing

Preserving Homeownership: Progress Needed to Prevent Foreclosures

Date:   Thursday, July 16, 2009 Time:   09:30 AM

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The witnesses on Panel I will be: The Honorable Herbert M. Allison, Jr., Assistant Secretary for Financial Stability, U.S. Treasury; and The Honorable William Apgar, Senior Advisor to the Secretary for Mortgage Finance, U.S. Department of Housing and Urban Development. The witnesses on Panel II will be: Ms. Joan Carty, President and CEO of the Housing Development Fund in Bridgeport, CT; Ms. Mary Coffin, Head of Mortgage Servicing, Wells Fargo; Mr. Allen Jones, Default Management Executive, Bank of America Home Loans; Ms. Diane E. Thompson, Of Counsel, National Consumer Law Center; Mr. Curtis Glovier, Managing Director, Fortress Investment Group; Mr. Paul S. Willen, Senior Economist and Policy Advisor, Federal Reserve Bank of Boston; and Mr. Thomas Perretta, Consumer, State of Connecticut.


Majority Statements

  1. Senator Christopher J. Dodd
  2. Senator Tim Johnson

Minority Statements

  1. Senator Richard C. Shelby

Witness Panel 1

  1. Honorable Herbert M. Allison, Jr.
    Assistant Secretary for Financial Stability
    U.S. Department of the Treasury
  2. Honorable William Apgar
    Senior Advisor to the Secretary for Mortgage Finance
    U.S. Department of Housing and Urban Development

Witness Panel 2

  1. Ms. Joan Carty
    President and CEO
    The Housing Development Fund in Bridgeport, CT
  2. Ms. Mary Coffin
    Head of Mortgage Servicing
    Wells Fargo
  3. Mr. Curtis Glovier
    Managing Director
    Fortress Investment Group
  4. Mr. Allen Jones
    Default Management Executive
    Bank of America Home Loans
  5. Mr. Thomas Perretta
    State of Connecticut
  6. Ms. Diane E. Thompson
    National Consumer Law Center
  7. Mr. Paul S. Willen
    Senior Economist and Policy Advisor
    Federal Reserve Bank of Boston