As part of its Homeownership and Mortgage Initiative, the Federal Reserve is sponsoring a series of foreclosure forums across the country, including one in St. Louis. Called “Recovery, Renewal, Rebuilding,” the series is designed to generate discussion on the aftereffects of the foreclosure crisis among business and community leaders, government officials and policymakers.
The forums examine the current state of communities that are experiencing significant foreclosures. Creative solutions for recovering and preparing for the future are explored. National experts discuss the challenges that foreclosures present and engage participants in finding solutions.
The Homeownership and Mortgage Initiative is a comprehensive Federal Reserve strategy to provide information to help prevent unnecessary foreclosures and to stabilize communities affected by the crisis.
The forum scheduled for St. Louis on Sept. 24 and 25, called Strengthening Neighborhoods in Weak Markets, is open to all interested parties. See www.stlouisfed.org/RRRseries to register.
Homeowners who are having difficulty making their mortgage payments can get helpful information from The Foreclosure Survival Guide, new from the Federal Reserve Bank of St. Louis.
This brochure provides basic information on who is at risk for foreclosure, where to find help and pitfalls to avoid when seeking help. The free publication includes a national hot line number (1-888-995-HOPE) and a list of local counseling agencies that homeowners can call for advice.
Bankers who would like copies of the guide to distribute can call Cynthia Davis of the St. Louis Fed at 314-444-8761 or e-mail firstname.lastname@example.org.
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