255 Courtland St NE
The Atlanta Homeownership Symposium provided live streaming of President Obama's Homeowner Affordability and Stability Plan announcement. For more details of Obama's plan and how it can affect you, visit www.financialstability.gov or NeighborWorks America's overview.
David M. Abromowitz — Senior Fellow at the Center for American Progress and partner in the law firm Goulston & Storrs
Morning Roundtable Discussion: What do Organizations Need to be Considering NOW!
Moderator: Craig Nickerson – Director, National Community Stabilization Trust
Panelists: Kevin Smith – President & CEO, Community Ventures; Glenda Gabriel – Neighborhood Lending Executive, Bank of America; Donna Sheline – Director, Homeownership Preservation Office, JPMorgan Chase; Meg Burns – Director, Office of Single Family Program Development, U.S. Department of HUD; Cynthia Flaherty – Director of Homeownership, Ohio Housing Finance Agency
Michael Calhoun — President of the Center for Responsible Lending
Every facet of the homeownership industry has struggled amid a volatile housing
market. After two years of a dramatic housing slide a landmark housing
bill is ushering in sweeping changes to the mortgage market that will help
homeowners avoid foreclosure, stabilize communities and mitigate future
In many ways these recent changes have
brought the mortgage industry full circle.
Indicators such as higher down-payment
requirements, re-emerging interest in FHA
mortgages, and tightening credit standards are
signs that residential lending is returning to
practices not seen in over a decade. Still, these
changes mean agencies must make adjustments
to their business models in order to prepare for
This symposium will examine some of the key
topics that are the direct result of the housing
recovery legislation as well as other critical issues that reflect a changing mortgage
environment and are setting the stage for the next generation of homeowners. Topics
to be discussed at concurrent breakout sessions include the following:
- Exploring Lease-Purchase as a C ommunity Stabilization Strategy — As the foreclosed property inventory continues to grow, what strategies are emerging as attractive options for buyers? This session will closely examine lease-purchase as a community stabilization strategy. Lease-purchase is gaining a lot of attention as a way to get people back into homeownership with REO properties.
- New Approaches to Financing and Credit Scoring— What are the latest underwriting changes and
mortgage products? What do you need to know to help clients make the
best decision based upon their financial profiles?
And the tightening credit market has changed the way lenders
view credit scores. What do these changes mean for the way prospective
borrowers are qualified for loans?
- Maximize Your Technology: How Innovative Tools Can Improve Your Service Delivery — How are software programs like Counselor Max™ and BestFit
helping homeownership counselors provide cutting edge services to
clients? How do organizations determine which programs best address
- Counseling Challenges and Successes in Response to Market Changes — How are the National Industry Standards
and changes in the mortgage market impacting the way counselors
promote homeownership and prepare future home buyers? How are
agencies meeting the increasing demand for pre and post homeownership
The symposium will examine these and other issues in a still unfolding new
chapter in the housing market. Learn what’s happening in the industry now
and how to better position your organization for the next ten years.
Community Stabilization through Effective Management of Real Estate Owned Properties
As part of our effort to help mitigate the effects of the foreclosure
crisis on communities across the country, NeighborWorks® America
is focusing on developing tools and training to enable local
governments and nonprofit organizations evaluate approaches and
tailor responses to the increase in foreclosures and real estate owned
properties (REO). The following portfolio of courses will give you
strategies and the specialized skills you need to acquire, rehab, and
manage or sell these properties — and to ensure a continuing stable,
livable community environment.
See the list to the right of REO-focused courses
Presented by NeighborWorks® America.
Check the following links for more information on the Atlanta Training Institute:
Click here for the complete list of
courses being offered in Atlanta.
Two Great Speakers
Featured at Atlanta
A former adjunct professor at Northeastern Law School, the New Jersey native received his BA magna cum laude from Princeton University and his JD magna cum laude from Harvard Law school. He is currently Senior Fellow at American Progress and partner in the law firm Goulston & Storrs.
Abromowitz is nationally known for expertise in housing and economic development, over the past 25 years working on projects around the country involving housing and historic tax credit investment, HUD-assisted housing, public housing revitalization, assisted living, community land trusts, shared-equity homeownership, multifamily rental housing development, planned homeownership communities and other multi-layered public/private projects.
Mr. Abromowitz is a past chair and founding member of both the Lawyers' Clearinghouse on Affordable Housing and Homelessness and of the American Bar Association's Forum Committee on Affordable Housing and Community Development. He is a board member of the National Housing and Rehabilitation Association, and a member of the Multifamily Leadership Board of the National Association of Home Builders. In 2004 he was awarded the Trailblazer award of the National Economic Development and Law Center of Oakland, California, and in 2007 he was honored by the Fair Housing Center of Boston.
Mr. Abromowitz co-chaired the Housing Policy Working Group of then Governor-elect Deval Patrick (D-MA) and has served on other housing advisory groups for public officials, such as Mayor Tom Menino of Boston's advisory task force during his first term. He serves on a number of charitable boards, including YouthBuild USA, The Equity Trust, Jewish Community Housing for the Elderly and B'nai B'rith New England.
Mr. Calhoun has specialized in consumer law for more than twenty five years. He has made presentations on predatory lending issues to many organizations, including the FDIC and the National Association of Attorneys General. He holds a B.A. in economics with honors from Duke University and a law degree from the University of North Carolina.
Mr. Calhoun is President of the Center for Responsible Lending (CRL), a nonprofit, nonpartisan research and policy organization dedicated to protecting homeownership and family wealth by promoting access to fair terms of credit for low-wealth families. CRL has conducted or commissioned landmark studies on the impact of predatory lending laws, worked with states on legislative issues, and pressed for regulatory changes governing mortgage and payday lending. Mr. Calhoun has testified on the federal level in both the U.S House of Representatives and the U.S. Senate. He also currently serves as vice chair of the Federal Reserve Board’s Consumer Advisory Council.
CRL is an affiliate of the Center for Community Self-Help, a nonprofit community development lender, for which Mr. Calhoun has served as General Counsel. Self-Help’s mission is to create ownership and economic opportunity for women, rural residents and minority and low-wealth families through home mortgage and small business financing. It has provided over $5 billion in financing to more than 60,000 home buyers across the nation, with a loss rate of less than 0.5%. Mr. Calhoun also previously managed Self-Help’s home loan secondary market and real estate development programs.