Toward this end, the Federal Reserve’s Community Affairs Offices have been convening lenders, community leaders, and government officials around the country over the past two years to help identify strategies to provide resources to assist borrowers confronting foreclosure.
Most recently, the Federal Reserve Bank of Chicago sponsored symposiums in Chicago, Indianapolis, and Detroit to discuss factors contributing to increasing foreclosure rates and to highlight innovative intervention programs. Another meeting will be held in Waukesha, Wisconsin, in December.