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