Conference Agenda
Monday, April 06, 2009
7:45 AM - 8:30 AM
Registration & Continental Breakfast
8:30 AM - 8:45 AM
Chairman's Welcoming Remarks
Mark Fogarty
Group Editorial Director
National Mortgage News / Mortgage Technology
8:45 AM - 9:15 PM
Beyond the Bubble: A New Servicing Reality
Presenter:
Ingrid Beckles
Senior Vice President of Default Asset Management
Freddie Mac
9:15 AM - 10:15 AM
Foreclosure Phenomenon
Today's leading thinkers on adapting & developing an effective strategy to confront the deluge of defaults plus, thoughts on the $75B Homeowners Stability Initiative and new funding for the GSEs - will it provide enough relief?
Moderator:
David M. Bizar
Partner
McCarter & English
Panelists:
Suzanne Boas
President
Consumer Credit Counseling Service (CCCS)
Amy Brandt
Chief Executive Officer
Acqura Loan Services
Tom Deutsch
Deputy Executive Director
American Securitization Forum
Mark Pearce
Deputy Commissioner of Banks
State of North Carolina
10:15 AM - 11:00 AM
Networking Refreshment Break
11:00 AM - 12:00 PM
Round-up of New State & Federal Legislative Affecting Servicing
- Trends in Class Actions on the Loan Servicing and the Interplay with Loan Modifications
- Trends State Level Changes in Servicing Laws
- Loan Level Litigation Patterns and Pro-Active Defenses
- FACT Act Identity Theft Prevention Enforcement Begins
- Housing and Economic Recovery Act Implementation and Its Affects on Servicers
David M. Bizar
Partner
McCarter & English
Robert J. Power
Senior Vice President
Bank of America
Roland P. Reynolds
Palmer, Lombardi & Donohue LLP
12:00 PM - 1:30 PM
Lunch
1:30 PM - 2:15 PM
New Technology for Loan Performance Monitoring & Portfolio Decision Making
While the industry got very comfortable using automated decisioning solutions for product, pricing, eligibility and underwriting, it's taken the current industry challenges to consider "re-decisioning" a loan when a borrower defaults. Yet underwriting a loan and effectively modifying a loan look a lot alike. With the addition of current data and information and rules-driven decisioning, the ability to evaluate an entire portfolio at the loan level to get the distressed borrower headed down the right revised loan path - refinance, repayment, modification, mitigation or liquidation - exists today.
Moderator:
Harry Gardner
Consultant, Mortgage Technology
Panelists:
Linda C. Simmons
General Manager, Mortgage Finance
Overture Technologies, Inc.
David Stiff
Chief Economist
Fiserv Lending Solutions
Dennis Stowe
President, Chief Executive Officer
Residential Credit Solutions
2:15 PM - 3:00 PM
Steps for Preventing Fraud in Servicing
Taking control of mortgage fraud is one way servicers can make a difference to the bottom line when so many other things seem out of their control these days. With a 45% increase in the second quarter of 2008 from the same period in 2007, mortgage fraud is in need of some new attention from servicing and default servicing as loan mods and foreclosures proliferate.
This knowledgeable panel of fraud experts will help you tap into the steps, strategies and tools that servicers are taking to combat the increase in fraud and therefore stymie the loss of profits.
Moderator:
Jay Meadows
Chief Executive
Rapid Reporting
Panelists:
Gerald B. Alt
President & CEO
HEART Financial Services
Troy Austin
Member Manager
Unity Financial Services
Joseph Dahleen
Principal
The Mortgage Workout Center
David Fleck
Deputy District Attorney, Major Fraud Division, Real Estate Fraud Section
Los Angeles District Attorney's Office
3:00 PM - 3:30 PM
Networking Refreshment Break
3:30 PM - 4:30 PM
REO Super Session: Management Challenges and Evolving Strategies in Today's Market
The significant and ongoing rise in foreclosures is driving a related spike in REO inventories across many markets. Servicers and asset management vendors are challenged with what are, in many aspects, unprecedented market conditions. This session will feature a panel of seasoned REO industry veterans, and will focus on the following key points: What are most significant changes in disposition strategy that have been driven by this market, and will continue to evolve out of necessity? Top 3 challenges contributing to delayed cycle times/turn ratios; solutions? Alternative strategies for improving marketability and cash flow (auctions, repair philosophy, rental or lease/buy?)
Moderator:
David Tiberio
SVP, Business Development
First American - National Default Title Services
Panelists:
Marie Chung
California REO Broker
REO Modern Realty Corp.
Tiffany T. Davis-Fletcher
Director, REO Sales
Fannie Mae
Patrick McClain
Senior Vice President, Enterprise REO
GMAC ResCap
Christopher M. West
President & Chief Executive Officer
Green River Capital LC
4:30 PM - 5:00 PM
Quarter by Quarter -- What do the latest Lending and Servicing Numbers Tell Us?
Paul Muolo, Executive Editor of National Mortgage, as well as co-author, Inside Job, the Looting of America's Savings and Loans (McGraw-Hill), a New York Times bestseller and most recently, Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis, will give insight to the data he regularly reports on, and key highlights from his current book followed by a book signing.
Paul Muolo
Executive Editor
National Mortgage News
5:00 PM - 6:30 PM
Reception & Book Signing by Paul Muolo
Sponsored by:
Tuesday, April 07, 2009
8:00 AM - 8:45 AM
Breakfast
8:45 AM - 9:00 AM
Chairman's Recap
Mark Fogarty
Group Editorial Director
National Mortgage News / Mortgage Technology
9:00 AM - 9:30 AM
The Economy, Housing and Mortgages - The Outlook from Washington
Jay Brinkmann
Chief Economist & Senior Vice President, Research and Economics
Mortgage Bankers Association
9:30 AM - 9:45 AM
Refreshment Break
9:45 AM - 10:45 AM
Best Practices in Loss Mitigation
Mass loan modifications are causing servicers to increase the amount of work they outsource. A task that use to be pretty simple now has a more complex set of borrower options and underwriting standards plus, the ever changing market risk. The panelists on this session are in the heart of the loss mitigation avalanche and therefore are qualified to share the strategies in loss mitigation that are working for them (and those that are not).
Moderator:
Diane Pendley
Managing Director, Operational Risk Group, Structured Finance
Fitch Ratings
Panelists:
Steve Horne
Founder & President
Wingspan Portfolio Advisors
Paul Koches
SVP & General Counsel
Ocwen Financial Corporation
Bill Merrill
Senior Vice President, Default Servicing Operations
Wells Fargo Home Mortgage
Paul Williams
Director, Loan Modifications
GMAC ResCap
10:45 AM - 11:30 AM
Opportunities & Challenges in M&A for 2009
MetLife Home Loans is the most recent large scale strategic entrant to the prime mortgage origination and servicing business, having acquired the retail and wholesale origination business and servicing platform of First Horizon Home Loans in late 2008. The transaction incorporated some unique deal structuring to reduce risks for both the buyer and seller. Marion McDougall, Chief Operations Officer of MetLife Bank, N.A., and former Chief Operating Officer of First Horizon, will speak about the transaction, as well as trends and opportunities her organization sees in the current mortgage environment.
Moderator:
Jeffrey M. Levine
Managing Director
Milestone Advisors, LLC
Marion McDougall
Vice President & Chief Operating Officer
MetLife Bank, N.A.