Back to the Future—Reclaiming Our Inner Optimist
Four Seasons Resort and Club at Las Colinas
4150 North MacArthur Boulevard
Irving, Texas 75038
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May 18th, 2011, 7:30 AM to 2:00 PM (Breakfast 7:30 – 8:00 AM)
Complimentary (no cost)
Registration for this event is now closed.
7:30 – 8:00 a.m. - Continental breakfast and registration
8:00 – 8:45 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 belts 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?
8:45 – 9:15 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.
9:15 – 10:30 a.m. - A Guide to the New Automated Valuation Regulations
Recently, the Federal Financial Institutions Examination Council (FFIEC) has set new requirements for the use of Automated Valuation Models and collateral risk in general. This session covers everything you ever wanted to know about these new rules of valuation but were afraid to ask—well, maybe not everything, but as much of what the new rules are and what lenders are doing (and not doing) to address them as time allows.
10:30 - 10:45 a.m. - Break
10:45 - 11:30 a.m. - How to Manage Defaults without Losing Your Sense of Humor
Session begins by investigating the difference in success rate between the government's Home Affordable Modification Program (HAMP) and proprietary loan modifications—looking carefully at what facts are driving that difference. It then explores the latest best practices, data resources, and supportive tools for streamlining the loan modification process. These include connecting effectively with borrowers through list segmentation, borrower portals, outreach, and document controls, then clarifying and simplifying decision-making using simple yet sophisticated software, and streamlining the modification process from beginning to end with a purpose-built loan modification tool.
11:30 a.m. - 12:00 p.m. - Break for quick lunch
12:00 p.m. - 1:00 p.m. - Default Servicing Roundtable
Panel will address important questions facing servicers in the current environment: How are servicers determining treatments for those falling out of loan mod waterfalls? How is this being managed by already over-extended loss mitigation teams? What kinds of data are used to meet borrower, property, and local market challenges? What are the most effective At-Risk models, cash-flow engines for NPV calculations, and optimization tools? What, if any, modeling solutions can determine appropriate treatments? Once treatment is determined, how do you manage the process—for short sales, expedited foreclosures, REO? Have you operationalized data and analytics? What segmentation processes and modeling do you use? How are industry leaders managing volume?
1:00 - 2:00 p.m. - Network with our experts