A new advisory council of economists and real estate experts has been formed to support sustainable home ownership in the United States, members announced this week.

The Foreclosure Economic Advisory Council, a new not-for-profit organization that will analyze national foreclosure trends, has announced the members of its advisory board at the REO Five Star Conference in Dallas, Texas.

Beginning in October, FEAC will publish a quarterly report with a review of the recent U.S. foreclosure market, graphical representation of foreclosure “hot spots,” and analysis of the quarterly data.

Heading the group is Marla Webb, who will facilitate council communications and coordinate the input of the FEAC board to provide timely, relevant insight and analysis of local, regional and national issues affecting the residential foreclosure and real estate markets.

Webb began her career in 1976 as a Realtor, real estate course writer and instructor, and a business mentor to real estate professionals in Texas.

“A sustained high rate of foreclosures in the country, as well as the continued uncertainty within the real estate market and the increasing number of homeowners engaged in alternative, low-payment mortgage programs, led us to develop the FEAC – with the goal of understanding what the primary causes of foreclosures are and how to better promote sustainable home ownership in the U.S.,” said Webb.

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Send tips or a Letter to the Editor to jessica@inman.com or call (510) 658-9252, ext. 133.

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