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Learn About Reverse Mortgages and Their Future

For immediate release
Contact: Katherine Dibling, E-mail senior media representative, (215) 574-4119

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Reverse mortgages, including FHA-insured home equity conversion mortgages (HECMs), are the focus of an upcoming Financial Education Network meeting.

During “Reverse Mortgages: Challenges, Issues, and Opportunities,” industry experts will discuss appropriate purchasing options for homeowners, provide insight into the recession’s impact on these loan products, and give their expectations for the future of reverse mortgages. See the agenda.

Details

Event: “Reverse Mortgages: Challenges, Issues, and Opportunities”

Date: Wednesday, December 1, 2010

Time: Registration and continental breakfast: 8:30 a.m. to 9:00 a.m.; program: 9:00 a.m. to 12:20 p.m.; lunch: 12:20 to 1:30 p.m.

Location: Federal Reserve Bank of Philadelphia, 100 N. Sixth St., Philadelphia, Pa., 19106. Pennsylvania Room.

Registration: Required. Media should contact Katherine Dibling at 215-574-4119 or Marilyn Wimp at 215-574-4197. Participants must register by Friday, November 19, 2010.

The Community Affairs Department supports the Federal Reserve System's economic growth objectives by promoting community development in low- and moderate-income communities and fair and impartial access to credit in underserved markets. The department works closely with financial institutions, nonprofit organizations, and government agencies on public-private partnerships that result in increased affordable housing and community and economic development.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.

Connect With Us

Media Contacts

Marilyn Wimp, ABC E-mail
Manager of Media Relations
(215) 574-4197
(267) 254-4555 (cell)

Daneil Mazone E-mail
Media Relations Representative
(215) 574-7163
(267) 535-1808 (cell)