Financial Services Committee Holds Hearing on Loan Modifications and Foreclosure Prevention

December 6, 2007

Washington, DC – Rep. Barney Frank, Chairman of the House Committee on Financial Services, held a hearing entitled “Accelerating Loan Modifications, Improving Foreclosure Prevention and Enhancing Enforcement.”  The hearing examined recent proposals to improve the pace and volume of mortgage loan modifications that may help troubled borrowers remain in their homes. 

Witness List & Prepared Testimony:

Panel One

Panel Two

  • Tom Deutsch, Deputy Executive Director, American Securitization Forum
  • Ms. Faith Schwartz, Executive Director, HOPE NOW Alliance
  • Mr. Michael Calhoun, President, Center for Responsible Lending
  • Mr. Damon Silvers, Associate General Counsel, AFL-CIO
  • Dr. Richard Kent Green, Oliver T. Carr, Jr. Chair of Real Estate Finance, The GW School of Business, George Washington University 

Panel Three

  • Mr. Laurence E. Platt, Partner, K&L Gates, on behalf of the Securities Industry and Financial Markets Association
  • Mr. Hilary O. Shelton, Director, National Association for the Advancement of Colored People
  • Mr. John Taylor, President & Chief Executive Officer, National Community Reinvestment Coalition

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