Federal Reserve Bank of San Francisco in partnership with the Federal Reserve Bank of St. Louis will be presenting a webinar entitled, Addressing the Credit Impacts of Foreclosure, on October 13, 2011 from  2:00 PM - 3:15 PM Eastern.

Session Description:

The impact of foreclosure is felt in many ways, and from a financial management perspective one of the most enduring aspects is the impact on an individual’s credit score. A credit score is vital given its pervasive role as a proxy for evaluating personal risk in more and more areas including employment, rental housing and even insurance. A low credit score can exacerbate a household’s financial instability as additional income is used to pay the rising cost of debt service, yet there are tools that can assist in the credit rebuilding process. While the severity and duration of blemished credit depends on many factors and will be unique for every household, understanding the credit rebuilding process is of key importance for a consumer’s financial future.

This session will provide an overview of the range of issues households and communities may face after foreclosure with an emphasis on tools for rebuilding credit. A panel of subject matter experts will provide an overview of the multifaceted process of foreclosure recovery; discuss the impact of foreclosure and other credit disruptions on one’s credit score; and provide insight into the credit counseling industry and tools available to address credit rebuilding.

The target audience for this session includes community and economic development practitioners; bankers; consumer and community advocates; and state and local government representatives involved in foreclosure recovery issues.

This 75-minute call will consist of a 60-minute slide and audio presentation followed by a 15-minute interactive question-and-answer period.

Speakers for this session include:

• Lena Robinson, Regional Manager, Community Development, Federal Reserve Bank of San Francisco
• Frederic Huynh, Principal Scientist, FICO
• Joy Thormodsgard, President & CEO, SurePath Credit Counseling
• Jonathan Harrison, CEO, Emerge

The session will be moderated by Melody Nava, Regional Manager, Community Development, Federal Reserve Bank of San Francisco

More Information and Registration