This podcast features a discussion of residential home mortgage modification options now facing Congress. Joining ABI Executive Director Sam Gerdano are Christopher Mayer, Senior Vice Dean and Paul Milstein Professor of Real Estate at the Columbia University Business School, and Edward Morrison, Professor of Law at the Columbia Law School. Mayer and Morrison have developed a new proposal for loan modification that compensates servicers who modify mortgages and removes legal constraints that inhibit modification.
Monthly Archive for January, 2009
ABI Executive Director Samuel J. Gerdano talks with Nell Hennessy, President & CEO of Fiduciary Counselors Inc. From 1993 to 1998, Hennessey served as Deputy Executive Director and Chief Negotiator of the Pension Benefit Guaranty Corp. (PBGC) and represented the PBGC in negotiations with major corporate pension plan sponsors and unions in a wide range of industries, including auto, steel, chemical, textile and airlines. She discusses the challenges facing the PBGC amid the economic downturn and potential solutions for the agency as it faces billions of dollars in funding deficits for U.S. pensions.