Freddie Mac News

Regional Leaders to Address Housing Foreclosure, Release Study Detailing Region's Growing Crisis in 2008

WASHINGTON, June 18 PRNewswire — WHAT: At \"The Foreclosure Crisis - A Regional Perspective,\" regional leaders will analyze the growing number of housing foreclosures in metropolitan Washington. They will examine data on foreclosures by the Center for Regional Analysis at George Mason University and share best practices and solutions that are working to help families. WHO: Michael Knapp, COG Board Chair; President Montgomery County Council; Hollis McLoughlin, Senior Vice President, External Relations and Chief of Staff, Freddie Mac; representatives from mortgage lenders, foreclosure consultants, nonprofit organizations, local government housing departments WHEN: 8:30 A.M. — 3:45 P.M. Thursday, June 19 WHERE: Marriott Wardman Park Hotel 2660 Woodley Road, NW Washington, DC 20008 Metrorail Red Line: Woodley Park Zoo/Adams Morgan

Background:

As the entire country struggles with the housing foreclosure crisis, the problem in metropolitan Washington has grown more serious in recent months. A study by George Mason University's Center for Regional Analysis will detail the problem at this summit hosted by COG and sponsored by Freddie Mac. Regional leaders representing public officials, the housing industry and nonprofit organizations will discuss ways to provide a safety net for affected families. A report on the role of nonprofits serving those affected by the crisis, "You Have 10 Days to Move Out," will be released at the conference by the Nonprofit Roundtable of Greater Washington.

COG is the association of 21 local governments working together for a better metropolitan region.

SOURCE COG and Freddie Mac

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