12/5/19: LIVESTREAM from ConsumerFed's Financial Services Conference
In 1992, Maureen's Glasheen's boss, Gloria Schaeffer, then-Secretary of State in New York, told the Consumer Federation of America that "real estate is the Sleeping Giant of the Consumer movement."
Real estate is not officially on the agenda at CFA's Financial Services Conference this year, but our issues still intersect with panels including the one right now on student debt. Invite our peers to watch @ConsumerFed's annual Financial Services Conf on Facebook.
Housing & mortgages are next up on CFA's two-day agenda, see
https://consumerfed.org/cfa_events/financial-services-conference/
LIVESTREAM:
http://bit.ly/CFAFSC_LiveFB_2
10:00am
Introduction
Rachel Weintraub, Legislative Director and General Counsel
Consumer Federation of AmericaSpeaker
Brian Montgomery, Assistant Secretary for Housing – Federal Housing Commissioner
U.S. Department of Housing and Urban Development
10:30am
What the Qualified Mortgage Definition Means for Mortgage Consumers
Moderator
Peter Carroll, Executive, Public Policy & Industry Relations
CoreLogicPanelists
Nikitra Bailey, Executive Vice President
Center for Responsible LendingAlys Cohen, Staff Attorney
National Consumer Law CenterDan Fichtler, Associate Vice President, Housing Finance Policy
Mortgage Bankers AssociationRamon Gomez, Executive Director, Office of Regulatory Affairs
JPMorgan Chase & Co.Lisa Rice, President and CEO
National Fair Housing Alliance
Bill Wendel Thu 5 Dec 2019 4:44PM
Another tweet from #CFAFSC, anyone else concerned that their buyer clients are at risk in overheated housing markets in Greater Boston & elsewhere?
#RE2020: 3rd #CFAFSC panel addressing mortgage riskhttps://t.co/XVHonc7S9F
Not familiar w/ Ability to Repay vs be Resilient but can't help but wonder how many of 10M homeowners who lost homes to in recession 2006-14 were set-up for foreclosure?#DefensiveHomebuying #RE2020— Bill Wendel (@RealEstateCafe) December 5, 2019
Bill Wendel Thu 5 Dec 2019 10:03PM
Need for affordable housing among topics addressed in keynote by Senator Jack Reed (D-RI), last panel for the day:
http://bit.ly/CFAFSCLiveFB4
Posted comment there, too, linking to CFA's AgencyMess report earlier this year:
Yes, affordable housing is critical and protecting $12B in funding from HUD's $48B budget is a major victory. As housing markets begin to cool, critical that 1st-time buyers have buyer agents -- without conflicts of interest to protect and advise them to prevent overpaying. See need for agency reform, as cited by Steve Brobeck's Agency Mess report, January 2019:
https://twitter.com/RealEstateCafe/status/1202704746529906688?s=20
Bill Wendel Fri 6 Dec 2019 1:19PM
Day 2 starting at @ConsumerFed's Financial Services Conference in DC today with an important question:
How Do We Protect Consumers When the Federal Government Isn’t?
http://bit.ly/CFAFSC_LiveFB_5
Eager to use the visibility of the topic to ask the same of the real estate industry and invite innovators & reformers to demo their solutions, like
http://Quigler.com
It's a transformative example of how innovators in the private sector can step into the regulatory void and provide market-driven solutions to inform and protect consumers.
Anyone else working on RegTech apps, or able to recommend one try demo / try?
Bill Wendel · Thu 5 Dec 2019 3:14PM
Follow #CFAFSC on Twitter, here's a sample from this morning's panels