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Fisher Program

2012 Program

The 2012 Fisher Memorial Program was held on March 23, 2012 at the Spring Meeting of the ABA Business Law Section in Las Vegas, Nevada.

The topic was: “Home Ownership: American Dream or American Nightmare?”

The program explored issues and policy surrounding the classic notion of home ownership.  It engaged in a policy debate over home ownership versus renting, and what policies should drive that outcome.  The panel also debated laws that achieve fewer defaults on consumer mortgages or facilitate efficient foreclosure processing.  

Subtopics included:

  • Should there continue to be a national policy that homeownership be encouraged?
  • How does the country recover from the real property meltdown so that it can move ahead toward greater economic recovery?
  • What policies, legislation, and initiatives support a recovery that benefits lenders, consumers, and the economy?
  • Is the basic question one of safety and soundness as opposed to the desire of people to own a home?
  • Is it sound policy for the government to push so strongly for homeownership?
  • Is the dream a myth with major downside consequences and no overall net value to the country?
  • Should the current tax policy which favors homeownership be changed?
  • Should tax policy be neutral by eliminating the mortgage interest deduction?
  • Should market forces control the ownership/renting ratio once the government takes its hand off the scale?
  • Should renting revise the paradigm and be incentivized through policies and laws?
  • What has been the success of the HAMP and HEMP federal programs intended to resolve the foreclosure crisis?

The moderator was Lawrence A. Young, Partner, Hughes Watters & Askanase LLP, Houston, TX.

The panelists were:

  • Barbara E. Buckley, Executive Director, Legal Aid Center of Southern Nevada, Las Vegas, NV
  • Gary E. Schnitzer, Partner, Kravitz, Schnitzer & Johnson, Las Vegas, NV
  • Paul Leonard, California Office Director, Center for Responsible Lending, Oakland, CA
  • Robert A. Cook, Partner, Hudson Cook LLP, Hanover, MD

The 2012 Fisher Memorial Program: Home Ownership—American Dream or American Nightmare?

 

Quarterly Report
Vol. 75, Nos. 1 - 2
Introduction and Welcome to The John Chiles Mortgage Symposium
by Jim Milano & Scott Hyman
Dedication to John Chiles
by Jim Milano
The Intersection of the First Amendment and Fair Lending: CFPB v. Townstone Financial—A Case of First Impression Meets a Case of Free Expression
by David K. Stein & Rebecca A. Joseph
Serving LEP Consumers: Challenges and Considerations
by Rodrigo Alba & Kathleen Ryan
An Overview of Developments Under California’s Consumer Financial Protection Law and Debt Collection Licensing Act
by Paul Soter, Scott J. Hyman, & Laszlo Ladi
Tradelines of Mortgage Servicers’ Past: Accurate Historical Snapshots or Misleading Under FCRA?
by K. Issac deVyver, Benjamin J. Sitter, & Jared M. DeBona
Back to the Fire: Lessons from the HAMP Era for CARES Act Compliance and Civil Litigation
by Courtney Hayden, Keith Levenberg, & Matthew Riffee
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