WASHINGTON, D.C. - On Wednesday, October 27 at 10:00 a.m., the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP) will hold a hearing in room 138 of the Dirksen Senate Office Building. The hearing will inform the Panel's upcoming November oversight report, which will evaluate the progress of Treasury's foreclosure mitigation programs and examine the impact of recently reported foreclosure irregularities on these programs and on the financial sector.

WHO:
Members of the TARP Congressional Oversight Panel

Witnesses

Panel One:

Phyllis Caldwell, Chief of the Homeownership Preservation Office, U.S. Department of the Treasury

Panel Two:

Guy Cecala, CEO and Publisher, Inside Mortgage Finance Publications, Inc.

Joseph Evers, Deputy Comptroller for Large Bank Supervision, Office of the Comptroller of the Currency

Julia Gordon, Senior Policy Counsel, Center for Responsible Lending

Katherine Porter, Professor of Law, University of Iowa College of Law

Faith Schwartz, Senior Advisor, HOPE NOW Alliance

WHAT:
Hearing on TARP Foreclosure Mitigation Programs

WHEN:
Wednesday, October 27, 2010; 10:00 a.m.

WHERE:
Room 138, Dirksen Senate Office Building

The hearing is open to press and public and will be webcast on the Panel's website at cop.senate.gov. Individuals with disabilities who require an auxiliary aid or service, including closed captioning service for webcast hearings, should contact the Panel's staff at 202-224-9925 at least two business days in advance of the hearing date.

The Congressional Oversight Panel was created to oversee the expenditure of the Troubled Asset Relief Program (TARP) funds authorized by Congress in the Emergency Economic Stabilization Act of 2008 (EESA) and to provide recommendations on regulatory reform. The Panel members are Senator Ted Kaufman (D-DE); J. Mark McWatters; Richard H. Neiman, Superintendent of Banks for the State of New York; Damon Silvers, Policy Director and Special Counsel for the AFL-CIO;and Kenneth Troske, William B. Sturgill Professor of Economics at the University of Kentucky.