Back to the Future—Reclaiming Our Inner Optimist
601 First Avenue North
Minneapolis, Minnesota 55403
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June 8th, 2011, 8:00 AM to 1:00 PM (Breakfast 8:00 to 8:30 AM)
Complimentary (no cost)
Registration for this event is now closed.
8:00 – 8:30 a.m. - Continental breakfast and registration
8:30 – 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 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?
9:15 – 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 - 10:15 a.m. - Break
10:15 – 11:00 a.m. - A Guide to the New Automated Valuation Regulations
Everything you ever wanted to know about new valuation regulations, but were afraid to ask: Well, maybe not everything, but this session will share with you what lenders are and are not doing to address new valuation regulations outlined in Dodd-Frank and recent FFIEC guidelines.
11:00 a.m. - 12:00 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?
12:00 - 1:00 p.m. - Network with our experts over lunch