Foreclosure Crisis Luncheon- March 5th - Raleigh

The Mortgage Foreclosure Crisis: How Should North Carolina Respond?
Wednesday, March 5th
11:30 AM - 1:30 PM
Raleigh

The news on the mortgage foreclosure front remains grim. In 1998, there were 16,661 mortgage foreclosures in North Carolina. Last year, the total was 49,754 and some experts expect this year’s number to approach 60,000.

While the roots of the foreclosure crisis spread out in several directions, no single factor goes more directly to the heart of matter than the explosive growth of predatory, “subprime” loans and the hypermarketing of homeownership to low and moderate income households.

Though there’s only so much the state can do, many lawmakers and executive branch officials seem genuinely committed to discovering exactly what those actions are and in setting the policy wheels in motion to make them happen.

Panelists:

* State Rep. Dan Blue — former House Speaker and current chairman of the House Select Committee on Rising Home Foreclosures
* Mark Pearce, Deputy Commissioner of Banks
* Paul Stock, Executive Vice-President and Counsel, N.C. Banks Association
* Al Ripley, Consumer and Housing Attorney, N.C. Justice Center

When: Wednesday March 5th
Registration: 11:30 AM
Lunch & Panel Discussion: 12 Noon-1:30 PM

Where: Marbles Kids Museum, 201 E. Hargett Street, Raleigh
Cost: $10 includes a box lunch

Space is limited, pre-registration is required and closes end-of-day Monday.
Click here to register for this event.