97th Annual Convention and Expo
October 25-27, 2010
Atlanta, GA
RESIDENTIAL LOAN PRODUCTION COMMITTEE
October 24, 2010 1:15 pm - 2:30 pm
Speakers
The Honorable Vicki Bott
Deputy Assistant Secretary for Single-Family Homes
Department of Housing & Urban Development
John Forlines
Vice President, Credit Risk Management
Fannie Mae
Paul Mullings
Senior Vice President, Single Family Sourcing
Freddie Mac
SPECIAL SESSION ON NEW LOAN ORIGINATOR COMPENSATION AND ANTI-STEERING RESTRICTIONS
October 24, 2010 3:00 pm - 5:00 pm
Recently, the Federal Reserve published significant rules that will impose new restrictions on compensation to loan originators and prohibit steering by mortgage brokers. These laws will become effective in April, 2011. This timely session describes the new rules and how they will be applied to lending and brokerage businesses. Ensure your company can comply by attending this timely and informative session.
Panel Presentation
Moderator
Tamara King
Director of Loan Production
Mortgage Bankers Association
Featured Speakers
Rich J. Andreano, Jr. Esq.
Partner
Patton Boggs, LLP
Bill Dyson
Director of Industry & Government Affairs
CitiMortgage
David Hay
Group Vice President & Associate General Counsel
SunTrust Mortgage, Inc.
Ken Markison
Associate Vice President & Regulatory Counsel
Mortgage Bankers Association
SPECIAL SESSION: THE FUTURE OF THE INDEPENDENT MORTGAGE BANKER
October 24, 2010 3:00 pm - 5:00 pm
Hear from participants of MBA's Future Leaders Program as they present their case study on the future of the independent mortgage banker. Now in its 14th year, MBA's Future Leaders Program attracts industry leaders from across the country. Participants utilize their leadership skills, project management expertise and industry experiences to develop a comprehensive look at a particular issue. This year's focus is the future of the independent mortgage banker. Learn more about their findings on this topic, including challenges over the near and long term; the types of companies that will survive; changes to current business models; what new companies might look like; and how the independent mortgage banker will thrive in the new landscape.
Presentation- MBA Future Leaders Program
Presentation- Team HOUSE
Facilitator
Paul Green
Senior Vice President, Corporate Relations
Mortgage Bankers Association
OPENING GENERAL SESSION AND ANNUAL BUSINESS MEETING
October 25, 2010 8:30 am - 10:30 am
At MBA's Opening General Session, industry leaders discuss the current state of the industry and examine the numerous challenges and opportunities facing real estate finance companies. The session covers up-to-the-minute developments that could impact individual firms and the industry as a whole. Join us for this lively and timely session that will provide you with information and insight essential to your near- and long-term business plans.
Featured Panelists
Daniel A. Arrigoni
President and Chief Executive Officer
U.S. Bank Home Mortgage
E. Todd Chamberlain
Executive Vice President
Regions Financial Corporation
William C. Emerson
Chief Executive Officer
Quicken Loans, Inc.
Ron J. McCord, CMB
Chairman
First Mortgage Company
GROWING MARKET SHARE IN A DOWN MARKET
October 25, 2010 11:00 am - 12:15 pm
The days of easy profits in mortgage banking are over and now it is time for mortgage bankers to get down to serious business. Join our panelists in a discussion that explores how lenders can gain market share by learning more about the businesses they currently operate. Assess your organization's strengths, weaknesses, opportunities, and threats and learn how to minimize loan failures due to operational errors. Learn how to lower interest rate risk through proven hedging strategies, and discover methods to identify and attract new market opportunities.
Panel Presentation
Moderator
Rob Katz
President DMD (Del Mar Data Trac)
Speakers
David L. Lykken
President
Mortgage Banking Solutions
Tom Millon, CMB, CFAP
Resident
Capital Markets Cooperative, LLC
Gabe Minton
Chief Strategy Officer
Motivity Solutions, Inc.
Greg Shumate
President
Brand Mortgage Group
MEASURING AND FORECASTING HOME PRICES
October 25, 2010 11:00 am - 12:15 pm
Home prices, by all measures, have fallen significantly over the past several years. However, the magnitude of the drop and the perceived pace of any recovery differ markedly depending upon the specific measures used. Moreover, as various geographic areas recover, they will do so based upon differences in local economies and many other factors. All mortgage market participants rely on accurate valuations and forecasts at the local market level to drive strategic business decisions regarding credit, underwriting, and loss mitigation decisions. How should these different home price measures and forecasts be used to make informed decisions? Hear from our expert panel of leading real estate finance economists as they discuss new strategies for utilizing data from AVMs, BPOs and appraisals; different public and proprietary home price indices and their strengths and weaknesses; and how technology can help improve the accuracy of home price valuations and forecasts.
Moderator
David Berson
Senior Vice President, Chief Economist and Strategist
The PMI Group, Inc.
Presentation- Berson
Speakers
Mark Fleming
Chief Economist
CoreLogic
Presentation- Fleming
Frank Nothaft
Chief Economist
Freddie Mac
Presentation- Nothaft
Robert Walker, CMB, CMT
Managing Director
Lender Processing Services (LPS)
Presentation- Walker
PROFITABLY WORKING THE RESPA CHANGES INTO YOUR BUSINESS
October 25, 2010 11:00 am - 12:15 pm
The recent introduction of the new RESPA GFE and HUD-1 forms has presented countless challenges for the mortgage industry. Lenders are experiencing increased labor and technology costs which threaten profitability. Join our panel of industry leaders in a discussion of how to confront these challenges. Issues to be addressed include effectively choosing technology, managing time
investments and pipeline management, as well as rate locks and tolerances in the new RESPA world. The panel will also consider whether there are still areas that require further regulatory clean-up and how these issues might work themselves out as the learning curve levels out.
Moderator
Ken Markison
Associate Vice President and Regulatory Counsel
Mortgage Bankers Association
Speakers
Rich J. Andreano, Jr.
Partner
Patton Boggs, LLP
Marianne Collins
Senior Vice President
Insight Bank
Karen S. Jackson
Managing Counsel
Wells Fargo Home Mortgage
Lisa Klika
Vice President, Compliance and Quality Assurance
Guild Mortgage Company
PROPERTY DISPOSITION: CHALLENGES AND RESPONSES
October 25, 2010 11:00 am - 12:15 pm
The foreclosure crisis has produced many challenges for mortgage servicers, including larger volumes of REO properties. These properties are on the market longer, are subjected to significant damages and deterioration, compete with traditional sale properties, and languishing on the market longer. In this session, discover how recent legislative mandates affect REO disposition and how current foreclosure laws, tenant protection (SP 896) and increased REO competition can cost servicers millions in maintenance expenses, reduced asset value and increased liability risks.
Moderator
Robert Klein
Founder and Chairman
Safeguard Properties
Speakers
Elonda Crockett
Vice President of REO Fulfillment
Fannie Mae
Doug Danko
Vice President - Sales and Marketing
MERS
Jeff Jaffee
Vice President of Consumer and Community Affairs
Saxon Mortgage Servicing
John V. Konyk
Executive Director - Government Affairs
Weiner Brodsky Sidman Kider PC
Faith Schwartz
Executive Director
HOPE Now
Bob Thornton
Corelogic
SECOND GENERAL SESSION: MORTGAGE INDUSTRY EXECUTIVES OUTLOOK
October 25, 2010 2:15 pm - 3:30 pm
Join top executives from Ginnie Mae, Federal Housing Finance Agency, Federal Home Loan Bank, as well as Fannie Mae and Freddie Mac as they discuss how the changing business landscape is affecting your business and the industry. Discover how default loan volumes, tightened credit guidelines, lower origination volumes, new products, the growing refinance business and new technologies are impacting today's mortgage market.
Moderator
Michael D. Berman, CMB
2011 MBA Chairman
President and Chief Executive Officer
CWCapital
Featured Speaker
Edward J. DeMarco
Acting Director
Federal Housing Finance Agency
Presentation- DeMarco
Panelists
Charles E. Haldeman, Jr.
Chief Executive Officer
Freddie Mac
Jill Spencer
Interim President and Chief Executive Officer
FHL Bank Atlanta
The Honorable Theodore Tozer
President
Ginnie Mae
Michael J. Williams
President and Chief Executive Officer
Fannie Mae
HOT TOPICS IN THE SECONDARY MARKET
October 25, 2010 3:45 pm - 5:00 pm
Expert practitioners discuss the latest developments in the agency and non-agency markets, including what's selling, who's buying and where rates are headed. The discussion also considers the current state of GSE and FHA reform and their impact on the secondary market.
Moderator
Robert M. Couch, CMB
General Counsel
Bradley Arant Boult Cummings, LLP
Speakers
Michael Carrier
Associate Vice President, Secondary and Capital Markets
Mortgage Bankers Association
Presentation- Carrier
Laurence E. Platt, Esq.
Partner
K & L Gates
Presentation- Platt
Alfred M. Pollard
General Counsel
Federal Housing Finance Agency
Andrew L. Sandler
Partner
BuckleySandler, LLP
Presentation- Sandler
INSULATING YOUR BUSINESS AGAINST INSIDER FRAUD
October 25, 2010 3:45 pm - 5:00 pm
Mortgage fraud continues to result in significant losses for financial institutions. Today, over 85 percent of cases involve company insiders and the numbers continue to rise. Declining economic conditions, liberal underwriting standards and declining home values make schemes like property flipping, loan modification and refinance fraud, and mortgage servicing fraud a more likely occurrence within the industry. Attend this session and learn how to recognize the red flags of insider mortgage fraud. Find out what resources are available to lenders to fireproof their portfolios, and learn how the use of best practices can help with the prevention and deterrence of mortgage fraud in the financial industry.
Panel Presentation
Moderator
Janet Ford
Senior Vice President
The Work Number
Speakers
Paul Anselmo
Chief Executive Officer
SigniaDocs, Inc.
Brenda B. Clem, CMB
Secondary Marketing Loan Delivery Manager
Fifth Third Mortgage
Joe Dahleen
Executive Vice President and Chief Strategy Officer
Brightgreen Home Loans, Inc.
Kurt Lofrano
Vice President, Quality Assurance
Wells Fargo Home Mortgage
MODELS FOR DECISIONING IN THE NEW MORTGAGE MARKET
October 25, 2010 3:45 pm - 5:00 pm
With the introduction of Fannie Mae's Loan Quality Initiative, lenders have been sent scrambling for ways to efficiently comply with requirements without disrupting the underwriting and delivery processes. This session analyzes new technologies and data sources that will allow lenders to assess applicant risk for potential non-compliance during the pre-funding process. Panelists share their expertise on how to efficiently integrate new data elements into their overall business processes.
Moderator
John Bauer
Executive Vice President, Corporate Development
CoreLogic
Speakers
Michael Cook
Chief Strategy Officer
ID Analytics
Joanne Gaskin, AMP
Director
MortgageFICO
Michele Raneri
Senior Director, CIS Analytics
Experian
Steve Seoane
Vice President, Analytics
LexisNexis Risk & Information Analytics Group
PROACTIVE CUSTOMER CONTACT FOR LOSS MITIGATION
October 25, 2010 3:45 pm - 5:00 pm
Servicers have faced huge challenges in achieving initial contact with troubled borrowers. Attempts to offer them retention options like forbearance, loan modification or a disposition option like short sale or deed in lieu have been difficult. Even if initial contact is achieved and one of these programs is initiated, ongoing borrower communication becomes the next challenge. Discover how leading servicers and service providers are overcoming the customer contact hurdle through call centers, technology and physical outreach efforts.
Panel Presentation
Moderator
Souren Sarkar
Executive Vice President
ISGN
Speakers
Larry L. Gilmore, CMB
Executive Director
HOPE LoanPort
Kelly O'Bannon
Executive Vice President
Residential Credit Solutions, Inc.
Mitchell Oringer
Senior Managing Director
The National Groups, LLC
THIRD GENERAL SESSION: THE POLITICAL LANDSCAPE
October 26, 2010 8:30 am - 10:30 am
The Third General Session provides an insider's look into the current political environment, as well as the potential impact that particular policy issues may have on both the upcoming elections and legislative session. FHA Commissioner Stevens will provide an overview of the economy and the housing market, an update of the Obama Administration's housing finance and borrower assistance programs and a preview of the Administration's agenda with respect to FHA policies and programs.
Moderator
Michael D. Berman, CMB
2011 MBA Chairman
President and Chief Executive Officer
CWCapital
Featured Speaker
The Honorable David H. Stevens
Assistant Secretary for Federal Housing and Commissioner, Federal Housing Administration
U.S. Department of Housing and Urban Development (HUD)
Panelists
Mary Matalin
Political Consultant and CNN Contributor
James Carville
Author and Political
APPLYING TODAY'S TECHNOLOGIES TO REAL LIFE BUSINESS CHALLENGES
October 26, 2010 11:00 am - 12:15 pm
Cutting-edge technology continues to advance, regardless of global economic conditions. And because of the challenges facing the mortgage industry today, MISMO has never been more relevant as a tool for building a solid foundation for the future. This session explores today's leading technologies - smart phones, pad-based computers, mobile internet devices and social networking - and explains their value, strengths and weaknesses, and how they can be leveraged to expand your customer platform. We address the most important aspects of the new MISMO data model, and the FHFA requirements you will need to meet in 2011 to deliver loans under the Uniform Mortgage Data Program. Learn how these new technologies are transforming the way companies do business and how you can use them to strengthen and grow yours.
Panel Presentation
Speakers
Greg Alvord
Senior Vice President, Technology
Optimal Blue, LLC
Presentation- Alvord
Jordan Brown
Managing Principal
MarketWise Advisors, LLC.
Presentation- Brown
Harry Gardner
Chief Strategy Officer
SigniaDocs, Inc.
LEGISLATIVE AND REGULATORY OUTLOOK
October 26, 2010 11:00 am - 12:15 pm
With the passage of financial regulatory modernization legislation this year, Congress made sweeping changes to financial services, many of them in the realm of real estate finance. These changes are on top of new rules from HUD and the Department of Labor implemented this year, and significant changes already in the works from the Federal Reserve Board on TILA disclosures and broker and loan officer compensation - and other regulators. This session provides expert analysis of the current state of play of pending rules and regulations, and provides insight into how companies are managing in the new environment. Additionally, experts review the legislative outlook for the remainder of the year.
Moderator
Stephen O'Connor
Senior Vice President, Public Policy and Industry Relations
Mortgage Bankers Association
Speakers
Allen Fishbein
Assistant Director, Policy Analysis, Consumer Education and Research Division of Consumer and Community Affairs
Board of Governors of the Federal Reserve System
David Hay
Group Vice President and Associate General Counsel
SunTrust Mortgage, Inc.
Bill Killmer
Senior Vice President, Legislative Affairs
Mortgage Bankers Association
Teresa B. Payne
Associate Deputy Assistant Secretary
Department of Housing and Urban Development
TECHNIQUES FOR MANAGING HAMP AND HAFA DISQUALIFIED LOANS
October 26, 2010 11:00 am - 12:15 pm
It's been several months since the Home Affordable Foreclosure Alternatives Program (HAFA) was instituted and reports suggest that short sales are not a panacea for the housing market woes. As loans exceed the HAFA timelines and short sales fail to complete, lenders need a way to handle loans that do not qualify for government programs. In this panel, experts discuss techniques for managing the high volume of loans that don't qualify for HAMP and HAFA. Topics to be discussed include trends toward using high touch methods in the eviction process, as well as borrower leasebacks and REO disposition via auctions, online marketing and traditional sales transactions.
Panel Presentation
Moderator
Griffith J. Straw, CMB
President
Solidifi
Speakers
Greg Hebner
President
MOS Group, Inc.
Julie Kacher
Vice President
GMAC Mortgage Corporation
Robert W. Meachum
Executive Vice President
Saxon Mortgage Services, Inc.
Niraj B. Patel
Group President
ISGN
Mike R. Rawls
Executive Vice President of Servicing
NationStar Mortgage, LLC
THE OVER PRICED, OVER REGULATED AND OVER POPULATED DISTRESSED WHOLE LOAN TRADING ENVIRONMENT
October 26, 2010 11:00 am - 12:15 pm
New laws and licensing requirements have made it increasingly difficult to compete in the distressed assets space. Industry leaders need to know where the secondary market is going, whether or not bulk REO will ever really trade, and what the current strategies are for acquiring, managing and disposing of non-performing loans. Explore these issues with our panel of experts and find out more about the current market outlook. Items to be covered include pricing, sourcing and managing of non-performing assets.
Panel Presentation
Moderator
Louis A. Amaya
Co-founder, Chief Investment and Chief Operation Officer
National Asset Direct,Inc. Capital Markets
Speakers
Matthew Fistonich
Managing Director
Turning Point Asset Management
Shawn Miller
Chief Executive Officer
Arch Bay Capital, LLC
Erik K. Rand
Senior Vice President and Manager Mortgage Finance
Stifel
Philip Seares
Managing Director,Trading
CitiGroup
ESIGNATURE TECHNOLOGY TO THE RESCUE
October 26, 2010 2:45 pm - 4:00 pm
With numerous industry challenges continuing to fuel mortgage defaults, lenders and servicers must have an easily executable and robust loss mitigation process in place. Increased pressure to provide workout solutions to as many distressed borrowers as possible requires servicers to maintain detailed audit trails to ensure compliance. Discover how eSignature technology can help you to effectively manage workout challenges while preparing your company for future opportunities.
Panel Presentation
Moderator
Grace Brasington
Chief Risk Officer
Lender Processing Services, Inc. (LPS)
Speakers
Christos Bettios
Senior Product Manager Paperless Mortgage Initiatives
Fannie Mae
Chris Christensen
Attorney
PeirsonPatterson, LLP
Angie Dodson
Senior Vice President
CitiMortgage
Al Verkuylen
Title and Closing Executive
Lender Processing Services, Inc. (LPS)
FORECLOSURE MEDIATION - ISSUES AND SOLUTIONS
October 26, 2010 2:45 pm - 4:00 pm
In recent years, the industry has seen an increase in defaults that have led to foreclosures. Join our panel as they provide an overview of the existing foreclosure mediation programs, examine the emerging trends and proposed legislation and offer best practices to ensure compliance success.
Panel Presentation
Moderator
William M. LeRoy
President and Chief Executive Officer
American Legal & Financial Network (AFN)
Speakers
Patricia A. Hasson
President and Executive Director
Consumer Credit Counseling Service of Delaware Valley, Inc.
Steven Horne
President
Wingspan Portfolio Advisors
Michael T. McKeever
Managing Partner
Goldbeck, McCafferty & McKeever
The Honorable Annette Rizzo
The Philadelphia Court of Common Pleas and The Philadelphia Residential Mortgage Foreclosure Diversion Pilot Program
GOVERNMENT HOUSING PROGRAMS UPDATE
October 26, 2010 2:45 pm - 4:00 pm
In recent months, the private label market has experienced challenges with liquidity and a tight credit market, which has brought about increased involvement by the federal government through FHA, VA, Ginnie Mae and the USDA Rural Development programs. Hear from top executives as they discuss changes taking place in these organizations and how you and your company can participate in these expanding opportunities.
Moderator
Josh Denney, AMP
Vice President, Public Policy
Mortgage Bankers Association
Speakers
Vicki Bott
Deputy Assistant Secretary for Single Family Housing
Federal Housing Administration
Thomas Buffton
Loan Guaranty Officer
U.S. Department of Veterans Affairs
Presentation- Buffton
Stephen L. Ledbetter, CFA
Senior Vice President
Ginnie Mae
Tammye Trevino
Administrator, Rural Housing and Community Facilities
USDA Rural Development
THE QUALITY REVOLUTION: LEVERAGING TECHNOLOGY TO RESTORE FAITH IN PRIVATE LABEL SECURITIZATION
October 26, 2010 2:45 pm - 4:00 pm
The focus on loan quality has the industry abuzz about which industry participants are best suited to shoulder the necessary level of risk to ensure products are originated in a responsible manner without limiting access to credit. In a competitive lending environment, where quantity does not inhibit quality, mortgage lenders should be able to separate themselves from investors through quality performance metrics. In this session, learn innovative methods to track loan performance that will enable your business to consistently deliver quality products to the secondary market.
Panel Presentation
Moderator
John Levonick
Chief Legal and Compliance Officer
Mortgage Cadence, Inc.
Speakers
John M. Prendergast
Vice President, Non-Depository Supervision
Conference of State Bank Supervisors
Scott D. Samlin
Executive Director, Legal and Compliance
Morgan Stanley
John D. Socknat
Partner
Patton Boggs, LLP
CLOSING GENERAL SESSION: THE CURRENT STATE OF THE INDUSTRY
October 27, 2010 9:00 am - 10:30 am
Former MBA Chief Economist and former Federal Reserve Board member Lyle Gramley has announced his retirement and will give his final address to the Mortgage Bankers Association, sharing his insights from more than a half-century as a practicing economist on our current economic challenges and what the implications are for the mortgage industry. He will be joined by current and former MBA colleagues Jay Brinkmann, Doug Duncan and Dick Peach..
Featured Speakers
Jay Brinkmann, Ph.D.
Chief Economist and Senior Vice President, Research and Economics
Mortgage Bankers Association
Presentation - Brinkmann
Doug Duncan
Vice President and Chief Economist
Fannie Mae
Presentation- Duncan
Lyle Gramley
Consulting Economist Potomac Research Group
Presentation- Gramley
Richard Peach
Senior Vice President, Macroeconomic and Monetary Studies Function
Federal Reserve Bank of New York
Presentation- Peach
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