It’s my pleasure to welcome you to this joint conference of the Federal Reserve System and the Federal Deposit Insurance Corporation (FDIC). Our program over the next two days will highlight policy-oriented research on U.S. housing and mortgage markets.
I would like to thank the many talented people throughout the Federal Reserve System and at the FDIC who have worked together to make this conference a reality. Before I address the specific topics of this conference, I would like to note that we have been concerned about reported irregularities in foreclosure practices at a number of large financial institutions.