Many Americans want to get back into homeownership.
The problem is that the way back to sharing in a part of the American Dream can be difficult as those who found themselves in distressed sale situations during the Great Recession seek the financing they need for a new home.
The panel at the Hilton Springfield, on March 31, 2014, consisted of a state housing official, a credit reporting association representative and a top official at one of the Midwest’s largest mortgage bankers. They discussed the current environment, challenges and the future for “Boomerang Buyers”. Addressing the issue were:
- Bernie Miller, Executive Vice President at The Federal Savings Bank
- Mary R. Kenney, Executive Director of the Illinois Housing Development Authority
- Terry Clemans, Executive Director of the National Consumer Reporting Association