Washington, DC—As the fate of Fannie Mae and Freddie Mac continues to sit in limbo, it remains unclear what the future holds for our system of housing finance. Despite the fact that Fannie Mae and Freddie Mac have played a valuable role in helping to grow the middle class in America, the reform debate has largely centered around their elimination, without fully considering the consequences for working Americans and the housing market. And troublingly, none of the current reform legislation makes any tangible commitment to ensuring access to conventional lending for the full range of creditworthy borrowers, including millennials, working-class people, rural residents and minorities. In an effort to shine a spotlight on these issues, the National Community Reinvestment Coalition (NCRC) will host the panel discussion “Locked Out: What Losing Fannie, Freddie, and the Affordable Housing Goals Will Mean for the American Dream” on Friday, January 31 to spark a critical and much-needed conversation about the government-sponsored enterprises and housing finance reform.
Featured panelists include:
Gary Acosta, Co-founder and CEO, National Association of Hispanic Real Estate Professionals
Bill Emerson, CEO, Quicken Loans
Jim Millstein, Chairman and CEO, Millstein & Co.
Dedrick Muhammad, Sr. Director of the Economic Department and Executive Director of the Financial Freedom Center, NAACP
Aaron Smith, Co-Founder and CEO, Young Invincibles
John Taylor, President and CEO, National Community Reinvestment Coalition
Mitria Wilson, Director of Legislative and Policy Advocacy, National Community Reinvestment Coalition
Dr. Mark Zandi, Chief Economist, Moody’s Analytics
Kenneth Harney of the Washington Post Writers Group will moderate.
What: “Locked Out: What Losing Fannie, Freddie and the Affordable Housing Goals Will Mean for the American Dream.” This forum is open to press. Members of the public can RSVP for the event here.
When: Friday, January 31, 2014
Breakfast begins at 8:30 am; forum will begin at 9:00 am.
Where: Partnership for Public Service, 1100 New York Avenue, NW, Suite 200, Washington, DC
About the National Community Reinvestment Coalition (NCRC):
The National Community Reinvestment Coalition is 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.