New Additions

The Federal Reserve Conference of Presidents' Mortgage Outreach and Research Efforts: Responding to the Foreclosure Crisis—An Interim Report, June 2010. The Federal Reserve 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. This report documents our work in the separate sections:

• Summary of MORE initiatives
  • outreach and policy interventions
  • research and analysis
  • conferences
• Summary of Foreclosure-Related Papers Produced in Economic Research in 2009
• Summary of Foreclosure Work in Community Affairs in 2009

In the News

• August 16, 2010: Homeowner questionnaire shows banks violating government program rules
  
• August 15, 2010: Banks help clean up blight in Arlington
  
• August 12, 2010: The good and the bad in July's foreclosure report
  
• August 11, 2010: Eye on loan modifications
  
• August 11, 2010: Foreclosures fall in Texas, U.S. over 2009
  
• August 11, 2010: U.S. adds $3 billion to stem foreclosures by jobless
• July 29, 2010: Foreclosure activity up in 5 Louisiana metros
  

Conferences

• Recovery, Renewal, Rebuilding: A Federal Reserve System Foreclosure Series
  A recap of the series of forums focused on the aftereffects of the foreclosure crisis and solutions for community recovery, rebuilding and preparing for the future. Materials from these forums are now available online.
• Review presentations from the 2007 Preserving Homeownership conference held at the Dallas Fed.
  

Foreclosure Mitigation Toolkit for Communities

Resources for community leaders to assess their foreclosure situation, reduce preventable foreclosures, provide support to troubled homeowners and stabilize neighborhoods. Go to Toolkit»

Consumer Information Resources available to consumers facing foreclosure FR Board of Governors Consumer Mortgage information 5 Tips for Avoiding Foreclosure Scams Foreclosure Resources for Consumers Filing a Bank-Related Complaint Other Consumer Information Facing the Mortgage Crisis. People. Connections. Resources 2-1-1 Texas: Connecting People and Services NeighborWorks Foreclosure Hotline 888-995-HOPE NeighborWorks Loan Modification Scam Alert Know Your Options You May Be Paying Too Much for Your Mortgage (FRB Boston) Find a HUD Counselor Making Home Affordable Research Publications Papers, articles and data, including work by the Federal Reserve The Texas Housing Market and Foreclosure Resources Neighborhood Stabilization Program Southwest Economy, Dec. 2009, "Texas Dodges Worst of Foreclosure Woes" Banking & Community Perspectives, Issue 2, 2007, "Preserving Homeownership: Addressing Foreclosure" Summary of Findings: Design and Testing of Truth in Lending Disclosures for Closed-end Mortgages Summary of Findings: Design and Testing of Truth in Lending Disclosures for Home Equity Lines of Credit Summary of Findings: Consumer Testing of Mortgage Broker Disclosures "The Accumulation of Foreclosed Properties" (FRB-Atlanta) Dan Immergluck. Community Affairs Discussion Paper #02-08, December 2008.

Community Resources Local and national resources, directory of service and best practices in the area of foreclosure assistance State Texas Foreclosure Prevention Task Force Texas Dept. of Housing & Community Affairs Texas Attorney General Legal Assistance for Low-Income Texans National Neighborhood Stabilization Program Homeowner Affordability and Stability Plan National Community Stabilization Trust NeighborWorks ® America Hope Now Counselor Information Counselor Q&As Making Home Affordable Summary of Guidelines Foreclosure Intervention and Default Counseling Classes Online Foreclosure Basics Training for Counselors Freddie Mac Free Webinars

Foreclosure Maps Dynamic U.S. Maps and Data Foreclosure Needs Score by ZIP code Bexar County Clerk Foreclosure Site Dallas Morning News Houston Chronicle Policy & Regulation Information affecting financial institutions and regulatory updates Loan Modification Regulation Z (Truth in Lending) Federal Financial Regulatory Agencies and CSBS Issue Statement on Loss Mitigation Strategies for Servicers of Residential Mortgages Servicemembers Civil Relief Act of 2003-information on mortgages (and foreclosures) owned by a servicemember during the applicable period of military service Federal Reserve adopts policy statement supporting prudent commercial real estate (CRE) loan workouts Federal Reserve to implement consumer compliance supervision program of nonbank subsidiaries of bank holidng companies and foreign organizations Annual adjustment of fee-based trigger for additional mortgage loan disclosures Board publishes 5 Tips for Dealing with a Home Equity Line Freeze or Reduction Board approves final rules revising disclosure requirements for mortgage loans under Regulation Z Regional Reserve Banks Efforts in other Reserve Bank Districts to alleviate foreclosures Federal Reserve Community Affairs websites