MARYLAND HOMEOWNERSHIP PRESERVATION TASK FORCE
Established on June 13, 2007 by Governor Martin O’Malley, and co-chaired by Raymond
A. Skinner, Secretary of the Department of Housing and Community Development, and
Thomas E. Perez, Secretary of the Department of Labor, Licensing, and Regulation,
the Task Force’s mandate and specific objectives are to:
- Identify and assess available financial resources (public and private) to assist
homeowners in inappropriate mortgages and recommend, if appropriate, additional
programs or financial products to minimize the number of new foreclosures in Maryland.
- Review ongoing outreach, counseling, and educational programs and activities that
focus on foreclosure prevention and recommend
changes or enhancements as needed.
- Review the current laws and regulations in Maryland governing the mortgage industry
and the foreclosure process and recommend appropriate changes including legislative
actions, if warranted.
The Task Force includes wide array of community organization and foundation representatives,
industry professionals, housing advocates, and other stakeholders with a vested
interest in this issue.
We anticipate that the full Task Force will meet no more than two times over the
next 60 days and will conclude its work at the end of October, 2007. The staff work
and report drafting will be handled with the assistance from three designated work
groups; financial resources, outreach and education, and enforcement and regulatory