Public Hearing on Home Equity Lending
Held on Friday, August 4, 2000, at the Federal Reserve Bank of Boston, Boston, Mass.

Transcript of the public hearing held on August 4, 2000, on home equity lending. The transcript is available for the morning and afternoon sessions; it is also presented in its entirety.

Morning Session

Speakers

Jennifer Davis Carey, Director, Consumer Affairs and Business Regulation, Commonwealth of Massachusetts

Thomas J. Curry, Commissioner of Banks, Commonwealth of Massachusetts

Steve Nadon, Executive Vice-President and COO, Option One Mortgage Corporation

Elizabeth Renuart, National Consumer Law Center

Howard Miselman, Chairman, Massachusetts Mortgage Association

William Gothorpe, America's Community Bankers

Bruce Marks, CEO and Executive Director, Neighborhood Assistance Corporation of America

Pam Kogut, Assistant Attorney General, Commonwealth of Massachusetts

Richard Gravino, President, Provident Consumer Financial Services

Faith Schwartz, Freddie Mac

Dwight Golann, Professor of Law, Suffolk University Law School

Dennis Algiere, Vice-President of Compliance, CRA Officer, Washington Trust Company

Federal Reserve Panelists

Edward M. Gramlich, Board of Governors of the Federal Reserve System, Chairman of the Federal Reserve Board's Committee on Consumer and Community Affairs

Dolores Smith, Director, Federal Reserve Board's Division of Consumer and Community Affairs

Sandra Braunstein, Assistant Director, Federal Reserve Board's Division of Consumer and Community Affairs

Adrienne Hurt, Assistant Director, Federal Reserve Board's Division of Community Affairs

James Michaels, Managing Counsel, Federal Reserve Board's Division of Consumer and Community Affairs

Richard Walker, Vice-President, Federal Reserve Bank of Boston

Afternoon Session

Speakers

Norma Moseley, Director of Housing Programs, Ecumenical Social Action Committee, Inc.

Nadine Cohen, Lawyers Committee for Civil Rights under Law, Boston Bar Association

Leonard Raymond, Executive Director, Homeowner Options for Massachusetts Elderly

Tom Callahan, Executive Director, Massachusetts Affordable Housing Alliance

Allen White, Supervising Attorney, Community Legal Services

John C. Anderson, The Real Estate Analyst

Tim Davis, City of Boston Department of Neighborhood Development

Daniel Ramgeet, Massachusetts ACORN

Ed France

Leonard Alkins, Boston NAACP

Jim Campen, Associate Professor of Economics, U. Mass. Boston

Andrea Luquetta, Massachusetts Association of Community Development Corporations

Bruce Fitzsimmons, Massachusetts Conveyancers Association

Federal Reserve Panelists

Edward M. Gramlich, Board of Governors of the Federal Reserve System, Chairman of the Federal Reserve Board's Committee on Consumer and Community Affairs

Dolores Smith, Director, Federal Reserve Board's Division of Consumer and Community Affairs

Sandra Braunstein, Assistant Director, Federal Reserve Board's Division of Consumer and Community Affairs

Adrienne Hurt, Assistant Director, Federal Reserve Board's Division of Community Affairs

James Michaels, Managing Counsel, Federal Reserve Board's Division of Consumer and Community Affairs

Richard Walker, Vice-President, Federal Reserve Bank of Boston

Complete transcript