h3=. Florida H.O.P.E. Task Force
“Homeownership Promotes the Economy”
Message from Governor Crist
Foreclosure hurts all Floridians by depressing home values and causing families to lose homes, jobs and hope. As this task force comes together to explore solutions, we will search for ways to restore hope to Florida’s families – and to our state’s economy.
Mission of the Task Force
Homeownership is one of the cornerstones of the American dream. However, the number of homes lost to foreclosure has been steadily increasing over the past several years. In 2007, Florida ranked second in the country in home foreclosures. The Florida HOPE Task Force is created to bring together banking and mortgage industry representatives, consumer advocates and policy experts to address Florida’s escalating home foreclosure rate and the impact it has had on the state’s economy.
Created by Executive Order 08-27, the Task Force will comprehensively analyze foreclosure data from around the state and provide recommendations that will minimize the detrimental impact foreclosures have on Florida’s families and communities. With improved education, Floridians will be better able to prevent the financial devastation and family disruption caused by the loss of a home. The Task Force shall submit its final report and recommendations to the Governor, Senate President and Speaker of the House by April 18, 2008.
Meeting Schedule
April 9, 2008 at 10:00 a.m. as a Conference Call- Rescheduled
April 15, 2008 at 1:00 p.m. in the Cabinet Meeting Room of the Capitol building
April 18, 2008 Final Recommendations Due
Final Report of H.O.P.E. Task Force
Final Report
Prior Meetings
April 2, 2008 at 10:00 a.m. in the Cabinet Meeting Room of the Capitol building
HOPE Task Force Recommendations-DRAFT
March 19, 2008 at 1:00 p.m. in the Cabinet Meeting Room of the Capitol building
Meeting Agenda
Meeting Minutes
Public Comment Form for the March 19, 2008 Meeting
Public Presentations
March 3, 2008 at 10:00 a.m. in the Cabinet Meeting Room of the Capitol building
March 3, 2008 Agenda
March 3, 2008 Minutes
Presentation
Percentage of Subprime Loans Seriously Delinquent as of December 24, 2007
Percentage of Seriously Delinquent Subprime Loans, Regionalized, as of December 24, 2007
Percentage of Seriously Delinquent Subprime Loans
by Region as of December 24, 2007
Task Force Members
* Lt. Governor Jeff Kottkamp, Chair * Chief Financial Officer Alex Sink * Senator Bill Posey * Senator Tony Hill * Representative Franklin Sands * Representative Garrett Richter * Alex Sanchez, Florida Bankers Association * D. Ritch Workman, Florida Association of Mortgage Brokers * Mike Fields, Bank of America * Thomas Kuntz, SunTrust * Nancy Riley, Florida Realtors Association * Bill Newton, Florida Consumer Action Network * Steve Auger, Florida Housing Finance Corporation * Tim Allen, Mortgage Bankers Association of Florida * Guy Hood, Florida Credit Union League * Robert Parrish, Florida Home Builders Association
Task Force Considerations
1. Analysis of current and future Florida banking and mortgage marketplace
2. Identification and assessment of financial resources to assist homeowners
3. Education and outreach to inform homeowners of available public and private resources
4. Examination of available foreclosure prevention measures
5. Examination of current Florida laws and regulations governing the banking and mortgage industries
6. Recommendations designed to sustain Florida homeownership
Press Announcements
* Florida Receives $1.3 Million to Support Foreclosure Prevention Counseling * Florida H.O.P.E. Task Force Holds Inaugural Meeting * The Governor’s Florida Home Ownership Promotes the Economy (HOPE) Task Force to Hold First Meeting * Governor Crist Creates Task Force to Prevent Home Foreclosure