OCC and Federal Reserve Bank of San Francisco Co-Sponsor Community Stabilization Symposium

WASHINGTON — The Office of the Comptroller of the Currency and the Federal Reserve Bank of San Francisco will co-sponsor a symposium focused on innovative strategies to help address the economic challenges related to the rise in mortgage delinquencies and foreclosures.  The symposium will be held in Los Angeles, California on July 15-16.

The symposium entitled, "Stabilizing Communities: Addressing the Negative Impacts of Foreclosure," will bring together national experts to share best practices for mitigating the negative impacts of foreclosure on borrowers and neighborhoods.  The objective is to provide local leaders and practitioners with tangible examples of how to address the foreclosure challenges within their communities, with a special emphasis on the issues facing high-cost markets such as those in Arizona, California, and Nevada.  Over the two days, plenary panels and workshops will cover:

• Innovative Models for Dealing with Foreclosed and REO Properties
• Financing REO Property Acquisition
• Using Data and Research to Target Interventions
• An Update on National and State Policies and Initiatives
• Lender and Servicer REO Disposition Strategies
• Helping Borrowers in Foreclosure

For additional information or to register online, visit:  http://www.frbsf.org/community/resources/2008/0715/index.html.