Public Hearing on Home Equity Lending
Held on Thursday, September 7, 2000, at the Federal Reserve Bank of San Francisco,
San Francisco, Calif.

Transcript of the public hearing held on September 7, 2000, on home equity lending. The transcript is available for the morning and afternoon sessions; it is also presented in its entirety.

Morning Session

Present

Edward M. Gramlich, Board of Governors of the Federal Reserve System, Chairman of the Federal Reserve Board's Committee on Consumer and Community Affairs
For the Division of Consumer and Community Affairs, Federal Reserve Board, Washington, D.C.:

Dolores S. Smith, Director, (Moderator, afternoon session)

Glenn E. Loney, Deputy Director, (Moderator, morning session)

James A. Michaels, Esq., Managing Counsel

Jane E. Ahrens, Esq., Senior Counsel

Sandra Braunstein, Assistant Director and Community Affairs Officer (Afternoon session)
For the Federal Reserve Bank of San Francisco:

Joy Hoffman Molloy, Director, Community Affairs and Public Information, Federal Reserve Bank, San Francisco

Panelists

Panel No. 1
Peggy L. Twohig, Assistant Director, Division of Financial Practices, Bureau of Consumer Protection, Federal Trade Commission

Elena Delgado, President, Irwin Home Equity Corporation

Robert Gnaizda, Policy Director & General Counsel, The Greenlining Institute

Ann Carlton Bose, President, Estate Funding, Inc.

Mary Lee Widener, Chief Executive Officer, Neighborhood Housing Services of America, Inc.

David H. Sands, Partner, Troop Steuber Pasich Reddick & Tobey, LLP

Norma P. Garcia, Senior Attorney, Consumers Union

Sandor E. Samuels, Managing Director, Legal General Counsel & Secretary, Countrywide Home Loans, Inc.

John L. Bley, Director, Department of Financial Institutions, State of Washington

Daniel J. Mulligan, Partner, Jenkins & Mulligan

Michael A. Rankins, Partner, Jenkins & Mulligan

John A. Courson, President & CEO, Central Pacific Mortgage Company

Afternoon Session

Panel No. 2
Alan Fisher, Executive Director, California Reinvestment Committee

Francine McKinney, President, Home Buyer Assistance Center

Chester Carl, Chairman, Board of Directors, National American Indian Housing Council

Chris Lamberti, Board of Directors, American Association of Retired Persons

Steven Hornburg, Executive Director, Research Institute for Housing America

Complete transcript