News & Events
September 2010
The Federal Reserve System is sponsoring a summit called "REO and Vacant Property Strategies for Neighborhood Stabilization" September 1–2, 2010, at the Federal Reserve Board of Governors' Martin Building in Washington, D.C. The summit will examine the community impacts of foreclosed and vacant properties. For details and to register to attend, go to the Board's Web site.
If you are unable to attend the event in person, you may be able to watch it remotely. On September 2, 2010, from 8:30 a.m. to 1:30 p.m., the Federal Reserve Bank of Atlanta will offer a live broadcast of the summit at two locations: the Atlanta Fed main office at 1000 Peachtree St. in Atlanta and the Miami Branch at 9100 NW 36 Street in Doral, Florida.
You must register to attend the video broadcasts as seating is limited. If you are interested in joining us at either of the Atlanta Fed locations, please e-mail Chevelle Wilson or call her at 404-498-7373 no later than August 26, 2010. Be sure to specify the location where you plan to attend.
August 2010
Two federal programs will offer additional support to homeowners struggling to make their mortgage payments because of unemployment, underemployment, or a medical condition. The U.S. Department of the Treasury will make $2 billion available through the existing Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (HFA Hardest Hit Fund). The U.S. Department of Housing and Urban Development will soon launch a $1 billion complementary Emergency Homeowners Loan Program to provide assistance for up to 24 months to these homeowners.
July 2010
Federal agencies issued final rules to implement the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act). The new regulation includes registration requirements for covered mortgage loan originators that will then be assigned a unique identifier.
June 2010
The Federal Reserve Conference of President's Mortgage Outreach and Research Efforts: Responding to the Foreclosure Crisis—An Interim Report, June 2010
The Federal Reserve System has been working to respond to the foreclosure crisis, leveraging its research, community affairs, and supervision and regulation functions to support innovative foreclosure prevention and neighborhood stabilization strategies at the local level.
Homeowners
Information to help homeowners with problem mortgage loans identify alternatives to foreclosure and better communicate with counselors and lenders in finding solutions.
Avoid Foreclosure
Consumer Mortgage Information, Board of Governors
Facing the Risk of Foreclosure? Answers to Frequently Asked Questions on Foreclosure Prevention 
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Foreclosure Avoidance Counseling, Department of Housing and Urban Development
Foreclosure Prevention Workshops for Consumers, Freddie Mac
Foreclosure Resources for Consumers, Board of Governors
MakingHomeAffordable.gov
Beware of Fraud
5 Tips for Avoiding Foreclosure Scams
Loan Modification Scam Alert (Learn about and report potential scams)
Foreclosure Rescue Scams, Federal Trade Commission
Renters
Renters Toolkit, National Low Income Housing Coalition
Additional Information
Dealing with Home Equity Line Freezes and Reductions
How to File a Bank Complaint, Federal Reserve Consumer Help
Community
Resources to help community leaders assess their foreclosure situation, reduce preventable foreclosures, provide support to troubled homeowners, and stabilize neighborhoods.
Foreclosure Mitigation Toolkit
This resource helps communities identify and address high-risk neighborhoods and homeowners by providing information on foreclosure alternatives and resources available to assist in educating and counseling consumers with problem mortgage loans.
StableCommunities.org
Created by NeighborWorks America and designed to help communities respond to local problems that arise when foreclosed homes remain vacant, the site enables community development practitioners to share success stories and learn what works to reverse the many negative impacts of foreclosure.
Foreclosure Response podcast series
Through this series of twelve interviews, experts on various facets of foreclosure—from neighborhood impacts to loan modifications to new strategies—engage listeners in understanding problems and advancing solutions.
Freddie Mac Foreclosure Prevention Workshops for Consumers
This resource allows consumers to find workshops on foreclosure prevention in their communities.
State Resources
Find quick references and contacts for foreclosure prevention assistance and other information in your state.
Research & Publications
Research, publications, speeches, and data related to foreclosure and stabilization activity throughout the Sixth District and the nation.
Dynamic Maps and Data
Foreclosure Response podcast series
Publications
The Accumulation of Foreclosed Properties: Trajectories of Metropolitan REO Inventories during the 2007–2008 Mortgage Crisis,
Dan Immergluck, Federal Reserve Bank of Atlanta Discussion Paper 02-08 (December 15, 2008)
Intrametropolitan Patterns of Foreclosed Homes: ZIP-Code-Level Distributions of Real-Estate-Owned (REO) Properties during the U.S. Mortgage Crisis, Dan Immergluck,
Federal Reserve Bank of Atlanta Discussion Paper 01-09 (April 21, 2009)
Community Response to the Foreclosure Crisis: Thoughts on Local Interventions,
Dan Immergluck,
Federal Reserve Bank of Atlanta Discussion Paper 01-08 (October 10, 2008)
Mitigating the Impact of Foreclosure on Neighborhoods, Speech by Fed Governor Randall S. Kroszner
Transforming Foreclosed Properties into Community Assets, New York University, Furman Center for Real Estate and Urban Policy
Using Data to Target Foreclosure Interventions, Michael Grover, Federal Reserve Bank of Minneapolis
