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Subcommittee on Housing and Community Opportunity Hearing
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Examining the Making Home Affordable Program
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Thursday, March 19, 2009. 10:00 a.m., 2128 Rayburn House Office Building
Housing and Community Opportunity
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Subcommittee on Housing and Community Opportunity To Examine the Administration’s “Making Home Affordable” Plan
Washington, DC – Rep. Maxine Waters (D-CA), chairwoman of the House Financial Services Subcommittee on Housing and Community Opportunity, today announced that the subcommittee will hold a hearing to examine the Administration’s plan to prevent foreclosures and keep families in their homes. “The “Making Home Affordable” plan is a great first step toward fixing the housing crisis. My hearing will bring together government agencies and experts to provide a better understanding of how this plan can work for all American families.”
Witnesses will include government agencies such as the Department of Housing and Urban Development and the Federal Housing Finance Agency as well as economists, academics and consumer groups. Witnesses will be asked to discuss the recently announced plan by the White House to modify and refinance troubled mortgages. In addition, witnesses will provide an analysis of current loan modification tools to effectively reduce the number of rising foreclosures.
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Witness List & Prepared Testimony:
Panel One:
- Mr. Vance Morris, Director, Office of Single Family Asset Management, U.S. Department of Housing and Urban Development
- Mr. Patrick J. Lawler, Chief Economist, Federal Housing Finance Agency
Panel Two:
- Dr. Roberto Quercia, Professor and Director, Center for Community Capital, University of North Carolina at Chapel Hill
- Dr. John D. Geanakoplos, Professor of Economics, Yale University
- Ms. Ellen Harnick, Senior Policy Counsel, Center for Responsible Lending
- Dr. Dean Baker, Co-Director, Center for Economic and Policy Research
- Mr. Andrew Jakabovics, Associate Director for Housing and Economics, Center for American Progress Action Fund
- Ms. Faith Schwartz, Executive Director, HOPE Now Alliance
- Mr. David John, Senior Research Fellow, Heritage Foundation
Available Member Statements:
Printed Hearing: 111-16
Related Documents:
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