WASHINGTON (Reuters) - The U.S. Treasury said
Thursday its housing finance conference next week will feature
heavyweights in the mortgage lending and investment sectors,
including PIMCO co-chief investment officer Bill Gross and top
executives at Bank of America Corp and Wells Fargo & Co
The Treasury said the Aug. 17 event will provide a forum
for public input into its proposal for overhauling U.S. housing
finance, which will include a future structure for
government-controlled mortgage finance groups Fannie Mae
and Freddie Mac .
The Obama administration is aiming to deliver a
comprehensive proposal to revamp Fannie and Freddie to Congress
Treasury Secretary Timothy Geithner and Housing and Urban
Development Secretary Shaun Donovan will both deliver opening
remarks and moderate separate panel discussions on the impact
of housing finance reform on financial markets and on broader
housing policy goals. The panelists will include lenders,
investors, economists, academics and housing advocates.
Besides Gross, the speakers include Barbara Desoer,
president of Bank of America Home Loans; Mike Heid,
co-president of Wells Fargo Home Mortgage; Mark Zandi, chief
economist at Moody's analytics; Ingrid Gould Ellen, professor
of urban planning and public policy at New York University;
Marc Morial, president and chief executive of the Urban League;
and Alex Pollock, former president of the Federal Home Loan
Bank of Chicago.
The forum, which aims to wrap up with closing remarks by
the early afternoon, also will include breakout sessions on the
government's role in the housing sector, securitization,
housing affordability, private market incentives in housing
finance, multifamily finance and the transition to a new
structure for Fannie and Freddie.
(Reporting by David Lawder; Editing by Padraic Cassidy)