Loyola College in Maryland and the Federal Reserve Bank of Richmond will present “The Widespread Impacts of Mortgage Foreclosures: From Credit Markets to Local Communities,” a panel discussion taking place on Tuesday, March 31, in McGuire Hall East on Loyola’s North Charles Street campus. The event, which is free and open to the public, begins at 5 p.m. with refreshments, with the discussion starting at 5:30 p.m.

The discussion, which is designed to foster greater understanding of the impact of foreclosure on neighborhoods and communities, will also address the key drivers behind foreclosure and the broader credit lending crunch; how today’s circumstances compare with previous housing market disruptions; and the ways the Federal Reserve and federal and local governments have responded to current housing market conditions.

Panelists from the Federal Reserve Bank of Richmond include Senior Analyst Michael Riddle and R. Andrew Bauer, Ph.D., a regional economist and Loyola affiliate assistant professor of economics. Robert E. Carpenter, Ph.D., an associate professor of economics at the University of Maryland, Baltimore County, and a visiting senior financial economist at the Richmond Fed, will also participate. Karyl B. Leggio, Ph.D., dean of Loyola’s Sellinger School of Business and Management, will moderate the panel.

This forum is the fifth in a series the Richmond Fed has co-sponsored with colleges and universities in communities where mortgage foreclosures are significant.