2011 Chicago Symposium

Cut Through Uncertainty with New Diligence™ from CoreLogic®

 

Chicago Symposium

Location
W Chicago Lakeshore
644 N. Lake Shore Drive
Chicago, Illinois 60611
Click here for map

Date
May 17th, 2011, 8:00 AM to 11:30 AM (Breakfast 8:00 to 8:30 AM)

Cost
Complimentary (no cost)

 

Registration for this event is now closed.

Chicago Agenda

8:00 a.m. - 8:30 a.m. - Breakfast and Registration

8:30 a.m. - 9:15 a.m. - What to Expect As the Recession Recedes?

The economy is now officially in recovery—even if it rarely feels like it. Where it really feels uncertain, of course, is the housing market. As stimulus programs faded last year, housing seemed to fade as well. This year the economy is expected to continue to grow, but its growth will be constrained by new if unavoidable fiscal best tightening. In this environment, housing will face continued buffeting from foreclosures, negative equity, price declines, and scarce demand. Chief economist Mark Fleming dives deep into the numbers to explore the likely forecast: will housing rebound with the economy in 2011—or are we in for another disappointing year?

9:15 a.m. - 10:00 a.m. - Tailoring Loan Treatments to the Real World

Current government- and investor-mandated loan treatment programs have had, for the most part, little success—with up to 60% re-default rates. The principle reason for this is current programs are rules-based rather than behavior-based, with rules designed for a much different world than today. In that world, most at-risk borrowers had at least two overlapping challenges, financial and personal. Today, most are simply underwater—way underwater—so their future behavior is much less predictable. Analytics expert Michael Bradley looks at some sophisticated new tools designed to tailor loan treatments to the likely behavior of individual borrowers and clearly define which treatment will produce the greatest value.

10:00 a.m. - 10:15 a.m. - Break

10:15 a.m. - 11:30 a.m. - Due Diligence, Advisory Solutions and Applications

Capitalizing on mortgage and securities opportunities requires not only identifying where risks are buried but executing on that analysis. Whether you’re trading in seasoned whole loans, bringing a new security to market or managing legacy assets, your risk management strategy should incorporate primary and active assessments of credit, compliance, collateral valuation, and fraud.

Given the disclosure, rep/warrant, and put-back exposures facing the non-agency RMBS industry, our team presents the results of a CoreLogic study into the likely collective impact of owner-occupancy, valuation, undisclosed debt, and related R&W issues. The group also outlines emerging due-diligence best practices and valuation tools for whole loans and securities in today’s environment and in readiness for an evolving residential mortgage/structured finance market.