Legislative and Regulatory Options for Minimizing   and Mitigating Mortgage Foreclosures

Secretaries Henry Paulson and Alphonso Jackson, and Federal Reserve Chairman Bernanke to testify

Washington, DC - House Financial Services Committee Chairman Barney Frank, today announced that the committee will hold a hearing on September 20, 2007, entitled “Legislative and Regulatory Options for Minimizing and Mitigating Mortgage Foreclosures.”  The hearing will examine the President’s recently announced plan to expand FHA programs and review other options for assisting homeowners at risk of foreclosure.  Secretaries Henry Paulson and Alphonso Jackson, along with Federal Reserve Chairman Ben Bernanke, will discuss the President’s plan announced on August 31 and other initiatives.  In addition, the committee will also hear from consumer advocates and industry representatives who will discuss other options aimed at helping homeowners avoid foreclosure during the current mortgage market issues. 
 

WHO:              House Financial Services Committee

WHAT:            Hearing entitled “Legislative and Regulatory Options for Minimizing   and Mitigating Mortgage Foreclosures”

WHEN:            Thursday, September 20, 2007

                        10:00am

WHERE:          2128 Rayburn House Office Building