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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.
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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 reform.
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