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The Aftermath of the Subprime Lending Boom
and the Impact on Manufactured Housing
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Click here to
register online |
| Click here for printable registration form |
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Friday, July 13, 2007
12:00 p.m.-01:15 p.m. [Eastern]
11:00 a.m.-12:15 p.m. [Central]
10:00 a.m.-11:15 a.m. [Mountain]
09:00 a.m.-10:15 a.m. [Pacific]
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| Presented by the Manufactured Housing Institute |
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Subprime lending has long served an important role in housing finance, helping many who lacked perfect credit achieve homeownership. More recently, however, eased underwriting standards and the proliferation of these loan products fueled a surge in subprime lending, helping to extend the life of the site-built housing boom. A large share of these subprime loans were ARMs (adjustable rate mortgages) that featured initially-low "teaser rates," many of which are due to reset (i.e., step up to a higher interest rate) over the next 18 months, which could induce a spike in site-built foreclosures On Friday, July 13, get expert insight on the impact that these subprime mortgage developments may have on the manufactured housing market from the chief economists of MHI and Mortgage Bankers Association of America.
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| About the Speakers |
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Tom Beers is the Vice President/Chief Economist for the Manufactured Housing Institute (MHI), the Arlington, Virginia-based trade association representing all segments of the manufactured and modular housing industries. Beers also serves as the Institute's spokesman on the U.S. economy, the housing and real estate markets as well as other economic and policy issues affecting the manufactured housing industry. He is also staff liaison to the MHI Financial Services Division and the new Home Finance Task Force.
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Doug Duncan is Senior Vice President/Chief Economist at the Mortgage Bankers Association (MBA). As leader of MBA’s Research and Business Development Group, Duncan is responsible for providing economic and policy analysis services in the areas of real estate finance, legislative and regulatory proposals and industry trends for MBA and its members. He also oversees the Education products and services of the Association as well as its Industry Technology committees and standards efforts. He has oversight responsibility for the Research Institute for Housing America, the Mortgage Industry Standards Maintenance Organization, the Secure Identity Standards Accreditation Corporation, and Lenders Technology Corporation.
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How Does the Webinar Work? |
Once you have registered, several days prior to the webinar you will receive one toll-free telephone connection and instructions on accessing the presentation via the Web. You will be able to ask the speakers questions, very similar to the way a radio talk show works.
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| Registration Information |
MHI Member $100
Nonmember $250
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Click here to register
online
http://www.manufacturedhousing.org/calendar/webinar_form.asp
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Click here
for printable registration form
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Questions?
Contact Chris Bare at MHI at cbare@mfghome.org.
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