CFA to Release New Report Linking Home Ownership With Personal Wealth Accumulation Data Provides Evidence that Home Ownership is Critical to Improving Personal Financial Health WASHINGTON, Dec. 12 /PRNewswire/ -- On Tuesday, December 16th at 10 a.m. the Consumer Federation of America through the support of Fannie Mae will release new data outlining the strong correlation between personal financial wealth and homeownership. The research (based on analysis of Federal Reserve data) focuses on the "haves" and "have-nots" in America's home equity sweepstakes. The research will document the link between personal wealth building and home ownership. Joining CFA at the press conference will be Fannie Mae and leading housing organizations including The Enterprise Foundation, National Congress for Community Economic Development, and the Kansas City Neighborhood Alliance. This unusual coalition will introduce a new, national, grass-roots program designed to increase homeownership and reduce foreclosure and delinquency rates. Released at the press conference will be new information on: * Which population groups have, and do not have, home equity * The dramatic change in home equity trends during the past twelve years * The importance of home equity in personal wealth accumulation for different ethnic and income groups * Specific ways in which Americans can increase homeownership and avoid the growing problem of foreclosures and mortgage delinquency rates * The America Saves campaign's new initiative linking savings to home ownership * The America Saves campaign's free home equity wealth estimator and free financial advice from certified financial planners. This unique collection of consumer, housing and industry groups are supporting a new national initiative to make homeownership, the key to personal wealth building, available to more Americans and reduce the growing trend in foreclosures and delinquencies. The goal is to enable new homeowners to enter the market and keep current homeowners in their homes. This effort is under the umbrella of CFA's successful America Saves program. Event: Press Conference: Release of New Study on Home Ownership and Wealth Accumulation Date: Tuesday, December 16, 2003 Time: 10 a.m. Location: Ohio Room, Capital Hilton, 16th & K Streets, NW Speakers: Stephen Brobeck, Executive Director, CFA Pam Banks, Vice President Regulatory Compliance, Fannie Mae Laurie Strongin, Senior Manager, Industry Outreach, Fannie Mae Foundation Stockton Williams, Vice President of Public Policy, The Enterprise Foundation Kevin Kelly, Assistant Vice President for Programs, National Congress for Community Economic Development Michael Avery, Chief Operations Officer, Kansas City Neighborhood Alliance NO INFORMATION WILL BE RELEASED PRIOR TO THE PRESS CONFERENCE CONTACT: Jack Gillis of the Consumer Federation of America, +1-202-737-0766 DATASOURCE: Consumer Federation of America CONTACT: Jack Gillis of the Consumer Federation of America, +1-202-737-0766 Web site: http://www.fanniemae.com/ Company News On-Call: http://www.prnewswire.com/comp/305450.html

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