HOUSE OF REPRESENTATIVES

THE LEGISLATURE

REGULAR SESSION OF 2011

 

COMMITTEE ON HOUSING

Rep. Rida J.R. Cabanilla, Chair

Rep. Pono Chong, Vice Chair

 

Rep. Jerry L. Chang

Rep. Mele Carroll

Rep. Denny Coffman

Rep. Hermina M. Morita

Rep. Sharon E. Har

Rep. Mark M. Nakashima

Rep. Robert N. Herkes

Rep. Kimberly Marcos Pine

Rep. Ken Ito

Rep. Cynthia Thielen

 

NOTICE OF INFORMATIONAL BRIEFING

 

DATE:

Friday, January 28, 2011

TIME:

3:00 p.m. to 5:00 p.m.

PLACE:

Conference Room  325

State Capitol

415 South Beretania Street

 

A G E N D A

 

The purpose of this informational briefing is to receive input from the community on foreclosures and related issues. The federal loan modification program has yielded very little results. There is concern that another wave of foreclosure is coming.  This info. briefing will look at:
  1. Non-judicial foreclosures and foreclosure issues outside of the condominium arena.
  2. Mortgage servicers:

a)  modification: facilitating direct negotiation between borrowers and investor, without loan servicers as intermediaries

b) Only requiring appraisals after a guaranteed loan approval, subject only to appraised value

  1.  Publication of foreclosed properties in both State and County newspapers.

 

Invited guests:

 

James Harry Esq., of Ivy Fosbinder Fosbinder, a law firm specializing in suing major U.S. banks for  non-compliance with federal and state banking and anti-trust laws.

Attorney General, Russell Suzuki

Other foreclosure experts, TBA

 

Home-owners who have applied for loan modification.

 

If  you  require special assistance or auxiliary aids and/or services to participate in the House public hearing process (i.e., sign or foreign language interpreter or wheelchair accessibility), please contact the Committee Clerk at 586-586-6080 or email your request for an interpreter to HouseInterpreter@Capitol.hawaii.gov at least 24 hours prior to the hearing for arrangements.  Prompt requests submitted help to ensure the availability of qualified individuals and appropriate accommodations

 

Selected meetings are broadcast live.  Check the current legislative broadcast schedule on the "Capitol TV" Web site at www.capitoltv.org OR call 550-8074.

 

Persons wishing to offer comments should submit testimony at least 24 hours prior to the hearing with a transmittal cover indicating:

 

● Position on issue: support, support intent, oppose or comments

● Testifier's name with position/title and organization

● Committee comments are directed to

● Date and time of hearing

 

 

 

 

                                                                                                                                                                                                                                                            ________________________________________

                                                                                                Rep. Rida Cabanilla

                                                                                                Chair