Friday, November 30, 2007
8:00 AM - 9:00 AM
Registration & Continental Breakfast



9:00 AM - 9:15 AM
Chairperson's Welcoming Remarks

Mark Fogarty
Group Editorial Director
National Mortgage News / Mortgage Technology



9:15 AM - 9:45 AM
Keynote: Future Outlook for 2008 & Beyond

The mortgage industry is suffering its first major downturn in more than a decade. The very low mortgage rates and loose credit standards sent home prices and debt levels to unprecedented levels. Furthermore, rising foreclosures and reduced liquidity in the subprime sectors have added panic, to say the least. And in the wake of the upward adjustment of monthly payments that came with higher interest rates, many borrowers are stretched too far and are struggling to make ends meet. The industry's biggest fear is that as more rates reset, losses will surge next year. In his keynote economic forecast, David will share his insights on the downturn of the nation's housing market and how it will affect the broader economy. Don't miss this presentation that will help you build your strategy to survive - and exceed - in 2008 and beyond.

David Wyss
Chief Economist
Standard & Poor's



9:45 AM - 10:30 AM
Product Evolution

• What are the new products?
• What products are no longer available?
• How did we ever allow certain products in the first place?
• Reverse mortgages
• Wachovia's view/approach on portfolio lending products, and the value and risk we see internally and in the industry
• Option arm lending - views on the different option arms/neg arm products in the market - and the correlated issues

Moderator:
Julie St. James
Senior Manager
PricewaterhouseCoopers

Panelists:
Kim Kurkowski
General Manager
Wachovia Mortgage Corporation

David Peskin
Chief Executive Officer
Vertical Lend, Inc.

William G. Roehrenbeck
President & Chief Executive Officer
Arvest & Central Mortgage Companies

Nina Simon
Senior Attorney
AARP Foundation Litigation



10:30 AM - 10:45 AM
Morning Refreshment & Networking Break



10:45 AM - 11:30 AM
Short Term Success vs. Long Term Gain: Performance Metrics

• What are the key drivers that mortgage companies need to adhere to in order to be successful
• Managing products and liquidity
• Growing your business in a smart fashion
• Managing your warehouse appropriately
• Key performance indicators
• Being credit conscious
• Picking up market share
• Recruiting

Presenters:
David Matthews
Senior Vice President, Chief Information Officer
Federal Home Loan Bank of Chicago

Brian Simon
Chief Operating Officer
Freedom Mortgage Corporation



11:30 AM - 12:15 PM
Legal Issues

• Legislative and regulatory developments
• Predatory lending
• Assignee liability: what does it mean for all parties involved?
• Depending on the terms of the sale, when an originator sells a loan and it's servicing rights, the risks are largely passed on to the investors rather than being borne primarily by the company that originated the loan

Moderator:
Scott Samlin
Executive Director
Morgan Stanley

Panelists:
Jeff DeMaso
Senior Regulatory Compliance Counsel
Clayton Holdings, Inc.

Nanci L. Weissgold
Partner
K&L Gates



12:15 PM - 1:30 PM
Luncheon with Keynote Speaker

The Mortgage Market in Recovery: Suggestions for a Possible Future

Commissioner Smith with assess the current turmoil in the residential mortgage market and share his suggestions for restructuring the regulation of the market, including the involvement of both state and federal government agencies, as well as the industry and consumers. He proposes that the regulatory framework for the mortgage industry involve a network of state and federal licensing and enforcement agencies, rather than a federal "super-regulator". The Commissioner also urges capital market firms to take and active role in the setting of industry standards for underwriting and originator qualification as a compliment to the actions of government. In addition, he suggests that a healthier market in the future should involve better choices by consumers, either through personal care in the taking on of debt, or through mandated "default" mortgage products that lead to better choices.

Joseph A. Smith, Jr.
Commissioner
North Carolina Office of Commissioner of Banks



1:30 PM - 2:15 PM
The Mortgage Due Diligence Process & How it Has Changed

• Macro risk management - importing market signals into internal planning and diligence
• Forecasting mortgage demand based on activity in the residential housing market
• Assessing the health of the mortgage-backed securities market and forecasting spreads
• The likely cost of returning to a fixed-rate mortgage market after the ARM experiment
• The importance of broad data analysis
• Manual underwriting
• Expert staffing
• A valuable look at new acquisitions, and assets that are not performing
• Regulatory risk
• Fair lending
• Suitability
• Helping institutions develop their monitoring systems
• Auditing and monitoring
• Valuation of credit scoring
• Monitoring compliance

Moderator:
R. David Fulton
Director
RSM - McGladrey, Inc.

Panelists:
Robert Avery
Senior Economist, Financial Services Section, Division of Research & Statistics
The Federal Reserve Board

Nathaniel S. Gore
Managing Partner
Zukerman Gore & Brandeis, LLP

Jim Vogel
Executive Vice President of Fixed-Income Research
First Horizon National Corp.



2:15 PM - 3:15 PM
GSEs: What Does the Future Hold?

• Where will the liquidity come from
• Reform legislation and regulation of the GSEs

Moderator:
Patrick Intiso
Chief Executive Officer
Certified Mortgage Banker CPA

Panelists:
Alfred A. DelliBovi
President & Chief Executive Officer
Federal Home Loan Bank of New York

Brian Harris
Senior Vice President - Real Estate Finance
Moody's Investors Service

James Lockhart
Director
Office of Federal Housing Enterprise Oversight



3:15 PM - 3:30 PM
Afternoon Refreshment & Networking Break



3:30 PM - 4:15 PM
Tacking Opportunities within the Scratch-and-Dent Loan Market

• Finding a profit in imperfect loans
• Analyzing credit performance of scratch-and-dent loans
• New entrants from an M&A perspective
• Current trends

Moderator:
Jeffrey M. Levine
Managing Director
Milestone Advisors, LLC

Panelists:
Larry Litton
President & Chief Executive Officer
Litton Loan Servicing, LP

Michele Patterson
Director
Fitch Ratings



4:15 PM
Conference Concludes