RiskSummit 2011

July 31 - August 2, The St. Regis Monarch Beach, Dana Point, CA

 

Navigating Market Uncertainty Profitably

For the first time ever, RiskSummit 2011 will feature two keynote speakers. Two speakers who represent significantly differing points of view. Two speakers who nevertheless are not only married to each other but have raised a family together. Of course, we mean James Carville and Mary Matalin.

Mary Matalin was President George Bush’s campaign
manager, James Carville the same for President Clinton.

 

Matalin and Carville are key players on the national political stage, having worked for every president for the last three decades. Now they share their political opinions—which haven't merged despite matrimony—and provide stimulating, provocative, often hilarious analyses of today's hot issues.

As entertaining as the Carville-Matalins are—and they are notably entertaining—their purpose here will be to explore core policy positions at work in current Congressional efforts to define the new rules of securitization. As political consultants, they represent the dominant perspectives driving the debate.

Scoping Out Your Options

The key takeaway from RiskSummit 2011 will be how to respond to current market uncertainty profitably. Although the rules of securitization are inexorably changing, the final outcome is still unknown. One thing, however, is certain—no matter what the new rules mandate, no one with money at risk today will accept the value of securities on faith anymore. The new investment attitude—show me the numbers!

But if risk transparency is going to rule, what does that mean for you on the ground?

RiskSummit 2011 will put you in the room with many of the people who are wrestling with securitization policy decisions in both the public and private sectors. You’ll be a part of that discussion, unpacking the policy imperatives driving debate, seeing where they dovetail with your priorities, questioning experts one-on-one, unraveling underlying risk realities. In track sessions, you’ll be able to focus on:

  • Investor perspectives
  • Due diligence practices
  • Impact of proposed and recently-enacted regulations
  • Servicing challenges
  • Collateral risk
  • Modeling and analytics

You’ll see why you don’t have to avoid bold actions in this market—to wait and see how it all turns out. As a RiskSummit 2011 attendee, you can not only influence outcomes, you can understand, anticipate, and prepare for any outcome. And learn how to profit every step of the way. That’s the beauty of transparency. You can judge consequences accurately and move confidently forward, even in the most uncertain markets.

Our Dynamic Program

The following agenda—listing confirmed presenters only—is accurate as of July 14th, 2011. The online agenda will be updated regularly as additional speakers and panel members confirm, so please revisit this page often as the conference start date approaches:

Sunday, July 31, 2011

Monday, August 1, 2011

Tuesday, August 2, 2011

Sunday, July 31, 2011

Registration

  • 12:00 - 6:00 PM—Conference Registration

Data & Analytics Solutions: Practical Applications

  • 12:00 - 5:00 PM—Track Sessions

    Designed to help you explore and understand the real-time application of CoreLogic’s Data & Analytics solutions, this progressive afternoon program is intended for both new and current solution users. You will quickly understand how our data and analytics can be integrated into your current operations. You’ll also be updated on the most important enhancements recently added and on our roadmap for the next six months and have the opportunity to provide feedback. In addition, solution subject matter experts will be available to answer specific questions and conduct personalized solution demonstrations throughout the afternoon.

    Track I
    Mortgage and Valuation Loan-level Risk Analysis: Leveraging CoreLogic solutions to measure, monitor and mitigate balance sheet risk for holders of residential loans

  • 1:00 Introduction

  • 1:15 CoreLogic Data Resources

    Explore the vast underlying data assets that feed CoreLogic product and analytics offerings. In this session, we will discuss the scope, collection, and aggregation of unique data assets and data type categories. We will also offer a glimpse of what is coming in CoreLogic data assets on the horizon.

  • 1:45 Credit Risk Solutions

    In this session, you will learn about the unique data integration capabilities that provide a 360 degree view of risk by connecting performance, property and consumer data.

  • 2:15 Distressed Servicing/WillCap

    In this economy, there is an ever growing inventory of distressed assets. Armed with the right information, you can take advantage of this lucrative market opportunity. WillCap gets at the root cause of mortgage default and reveals essential differences among borrowers who look alike using current methods. WillCap can identify the type of defaulters associated with your loan pool, predict likelihood of future default and recommend loan workouts that are optimal because they align with your borrowers’ motivations and desires.

  • 3:00 Break

  • 3:15 Loan Level Servicing

    The CoreLogic contributed loan level servicing product is the single largest source of loan level data available anywhere. Given the non-existence of non-agency issuance over the past few years, this data source represents the richest data available to measure current market dynamics. In this session you will learn how the data is collected, verified and updated in addition to major applications of the product including benchmarking, default analysis, prepayment analysis, and modeling.

  • 3:45 Fraud Risk – Analyzing the Impact of Short Sale Fraud and REO Flipping

    In the past three years that volume of short sales on Single Family Residences has nearly tripled. The tremendous increase in distressed real estate in the US has created new market opportunities for shady real estate agents and unscrupulous fraudsters to quickly flip properties for enormous gains by failing to disclose the true buyers or values to servicers. In this presentation, CoreLogic will reveal the results of data driven analysis which shows the cost of short sale fraud alone is over $375 million, and what lenders are doing to reduce these losses. Additionally CoreLogic will present information on REO Flipping in the US and the problems that it creates for servicers and lenders.

  • 4:30 Valuation and Collateral Risk Solutions

    This session will update you and seek feedback on the innovations planned for our Collateral Solutions Roadmap. The topics in this session will include: Property Complexity Scoring for efficient valuation method selection and assignment; Integrated Appraisal Review Analytics – introducing LoanSafe Appraisal Manager and the OnSite Property Condition Report as non-traditional uses for cost efficient valuation; and Distressed Asset Pricing – a case study presentation using GeoAVM Distressed and CoreScore. Finally, we will present a sneak peek into enhanced collateral risk modeling.

  • 5:15 Q&A

 

Track II
Market and Securities Loan-Level and Structured Risk Analysis: for investors holding RMBS  

  • 1:00 Introduction

  • 1:15 Portfolio Surveillance - Loan Level Securities Analysis

    In this session, we’ll analyze the Maiden Lane II portfolio and initially demonstrate how Vector Securities can be leveraged to isolate segments of the portfolio for further analysis and accurate projections.Tranche performance is highly dependent upon subordination levels. These subordination levels depend not only on the size of supporting tranches, but also on excess interest used to build subordination. The combination of lower rates, modifications and WAC deterioration has reduced these subordination levels significantly from forecasted levels, increasing write-downs to senior tranches for unchanged levels of losses

  • 1:45 RiskModel

    In this session, we will review recent RiskModel developments and provide an overview of the latest analytics innovations. We continue the Maiden Lane II portfolio case study by demonstrating the benefit of driving RiskModel projections with the CoreLogic HPI Forecast. Finally, you’ll view a glimpse of new product offerings powered by RiskModel set to hit the market later this year.

  • 2:15 HPI/Forecasts

    In this session we will provide an overview of the House Price Index and Forecast models. The raw material of these products is the repeat sales data. The more data the better, and the more reliably one can drill down to specific tiers and geographies. After you have the data it’s all about the method. Various methods will be compared and contrasted. In application, how do you choose which index is best? Is it better to use a specific tier but higher geography or the same geography with a more broad tier? We will discuss optimal tier selection and how to objectively statistically determine the best index for the property.

  • 2:45 Real Estate Risk Solutions

    Introducing the New Real Estate Analytics Platform featuring the CoreLogic HPI Valuation Engine. The New Analytics Platform slated for release later in 2011 provides clients with new tools for targeting real estate risk including the flexibility of data querying, aggregation and the long awaited ability to upload and integrate custom data sets. The platform serves as a single, trend data source for comprehensive real estate risk assessment, modeling and market research.

  • 3:00 Break

  • 3:15 Credit Risk Sensitivity and Bond Analytics

    In a high default environment, accurate projections of home prices are necessary, not only to differentiate deals and pools, but to evaluate to relative value of tranches within a particular deal. Not only the level of losses, but their timing, can influence the distribution of write-downs and weighted average lives tranches dependent upon their position within the deal capital structure. This session will analyze recent positions from the Maiden Lane II portfolio, contrasting how positions from the same bid list perform differently under varying home price path projections and increasing levels of analytic granularity.

  • 3:45 Due Diligence

    In this session, we will explore and discuss the development and best practices for due diligence for forensic loan-file review, acquisition, securitization, and non-performing transactions.

  • 4:30 New Diligence Securitization Workflow

    This session will discuss preparing for the new world of securitization—developing best practices in advance, at the time of, and subsequent to, securitization. We will discuss the identification and the exploration of the key drivers for primary participants in the process, including originator-servicers, broker dealers, investors, and others. Factors to be examined will include industry influences (such as the American Securitization Forum’s Project Restart) as well as regulatory and accounting considerations. We will parse these factors to examine how they might shape new requirements and the enhancement of pre-existing practices in the new securitization regime.

  • 5:15 Q&A

 

Welcome Reception

  • 7:00 to 9:30 PM—Opening Reception and Dinner Buffet

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Monday, August 1, 2011

Breakfast/Registration

  • 6:45 - 8:00 AM—Buffet Breakfast
  • 6:45 - 12 Noon—Conference Registration

General Sessions

  • 8:00 – 8:15 AM—Welcome Address and Opening Remarks

    •  Jim Reynolds, SVP, Global Capital Markets Solutions, CoreLogic

  • 8:15 – 9:15 AM—Keynote

    •  James Carville and Mary Matalin, Presidential consultants of opposing viewpoints, explore core policy positions driving current Congressional efforts to define the new rules of securitization.

  • 9:15 – 10:00 AM—The Economic Outlook

    •  David Berson, PhD, SVP, Chief Economist and Strategist, PMI Group
    •  Mark Fleming, PhD, Chief Economist, CoreLogic

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Concurrent Track Sessions

  • 10:10 – 11:00 AM—Reform School—Current and Future Non-Agency Securitization

    The rules they are a-changing: the coming market is going to have to pay much closer attention to questions of liquidity and reality. How will the new competitive environment differ from today’s agency dominated market? What new opportunities will appear? This panel explores the evolving non-agency market and where the profits will likely be.

    Moderator
    •  Brendan Keane, SVP, Advisory Services, CoreLogic

    Panelists
    •  Cameron Beane, Residential Loan Portfolio Manager, SunTrust
    •  Brett Nicholas, CIO and COO, Redwood Trust
    •  Kevin O'Hare, Managing Director, Corporate Finance, FTI Consulting

  • 10:10 – 11:00 AM—Servicing and Strategic Default—Who’s Minding the Store?

    Do you really understand strategic defaulters? Our panel of experts discuss impaired-borrower workout strategies, including how to determine their ability (and likelihood) to pay, how to treat principal abatements vs. interest rate reductions, and the surprising numbers linking loan modifications to recidivism and redefaults.

    Moderator
    •  Michael Bradley, VP, Analytics, CoreLogic

    Panelists
    •  Chris Ganter, CEO, HPLocate
    •  Laurie Goodman, Sr. Managing Director, Amherst Securities
    •  Frank Pallotta, EVP, Managing Partner, Loan Value Group
    •  Ed Rappaport, Principal & Director, HMVP Partners LLC

  • 10:10 – 11:00 AM—Risk Modeling—A Whole New Ballgame

    As challenging as risk modeling is when the rules keep changing, new regulations will almost certainly mandate use of it. Experts on this panel share their perspectives on which techniques will likely be effective under such new rules—how they will affect loan loss reserves-setting, cash flow determinations, proactive surveillance and monitoring and more.

    Moderator
    •  Wei Wang, Managing Director, WestPAT LLC

    Panelists
    •  Richard Cooperstein, President & CEO, Cooperstein Analytics
    •  Robert Dunsky, Principal Financial Engineer, FHFA
    •  John McMurray, Chief Risk Officer, Russell Investments
    •  Diane Westerback, Managing Director, Global Surveillance Analytics, Standard & Poor's

  • 11:10 – 12 Noon—Valuation—It Really IS Location, Location, Location!

    Given the always-down roller coaster ride of the past five years, valuation has become one of the critical elements in loan-level risk strategies. Our expert panel will explore achievable cost efficiencies for property valuation using a mix of AVMs, BPOs, and new technologies.

    Moderator
    •  Susan Allen, VP, Collateral Solutions, CoreLogic

    Panelists
    •  Michael LaCour-Little, Professor of Finance, Director, Real Estate & Land Use Institute, California State University Fullerton
    •  Wanda Throneburg, Risk Management Consultant, Residential Valuation Services Analytics, Wells Fargo
    •  Frank Nothaft, Chief Economist, Freddie Mac

  • 11:10 – 12 Noon—HPI Econometrics—Getting the Numbers Right at a Cynical Time

    Distressed properties, shadow inventory, dismal economic conditions all continue to influence market measurement methodologies. This session dissects the latest HPI econometrics, the research behind them, modeling decisions that affect them, new HPI statistical capabilities.

    Moderator
    •  Douglas Bendt, Director, Deutsche Bank

    Panelists
    •  David Berson, PhD, SVP, Chief Economist and Strategist, PMI Group
    •  Chris Flanagan, Managing Director, Head of U.S. Mortgage & Structured Finance Research, Banc of America Securities
    •  Lakhbir Hayre, Managing Director, Citi
    •  Susan Wachter, PhD, Richard B Worley Professor of Financial Management, Professor of Real Estate and Finance, University of Pennsylvania, Wharton School of Business

  • 11:10 – 12 Noon—Forensics and Diligence—A 10% Solution No More

    In the coming market, nearly every loan in a whole loan pool or RMBS transaction will be subject to new levels of transparency and due diligence. Not only forensic review for buybacks, but for trading and new issuance. This expert panel explores what you can do in-house, what to expect from a partner, and how to maximize cost efficiency.

    Moderator
    •  Mark Hughes, VP, Due Diligence Solutions, CoreLogic

    Panelists
    •  Trenton Staley, President, Global Financial Review
    •  Robin Auerbach, President & CEO, EdgeMAC
    •  Kathy Kelbaugh, VP, Senior Analyst, Moody's Investor Services
    •  Vanessa Moulin, Director, Credit Risk, Fannie Mae

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Monday Afternoon

Lunch

  • Noon – 1:00 PM—Deli Lunch
    Box lunches for golfers will be provided

Recreational Activities

  • 12:30 PM—Golf Shotgun
  • 12:45 PM—Bus Leaves for Sailing, Biking & Kayaking
  • 1:00 PM—Tennis
  • 1:00 - 5:00 PM—Spa Appointments: Please arrive 30 minutes before scheduled time

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Monday Evening

  • 7:00 - 8:00 PM—Reception
  • 8:00 - 11:00 PM—Dinner and Monte Carlo Night

Tuesday, August 2, 2011

Breakfast

  • 7:30 - 8:30 AM
    NOTE: Check-out time is noon—please store bags with bellman

Survey Return

  • 7:30 AM - 3:30 PM

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General Sessions

  • 8:30 – 9:15 AM—Let’s Hear It from the Researchers

    In one of the most popular RiskSummit panels, top analysts draw on the latest research and market trends to inform a spirited roundtable discussion of what’s happening in the market now—and what they expect to see happening as new regulations and processes unfold.

    Moderator
    •  Glenn Costello, Senior Managing Director, Kroll Bond Rating Agency

    Panelists
    •  Laurie Goodman, Sr. Managing Director, Amherst Securities
    •  Chris Flanagan, Managing Director, Head of U.S. Mortgage & Structured Finance Research, Banc of America Securities
    •  Rod Dubitsky, EVP, Global Structured Finance Specialist, PIMCO
    •  Dick Kazarian, Managing Director, Shellpoint Partners, LLC

  • 9:15 – 10:00 AM—Let’s Hear It from the Traders


    Every year, this panel gets rave reviews. A free-wheeling and frank discussion by a panel of well-known movers and shakers, sharing their views about what’s happening in the market, what isn’t, and when the market is likely to open up to its full potential.

    Moderator
    •  Patrick Bassett, SVP, Corporate Trust, Wells Fargo

    Panelists
    •  Dave Reedy, SVP, Head of Whole Loan Trading, Ranieri Partners
    •  Peter Barkey, CIO, Roosevelt Management Company
    •  David Wells, Senior Capital Markets Specialist, FDIC

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Concurrent Track Sessions

  • 10:10 – 11:00 AM—Servicing Today—Creating Efficiency in a Tough Environment

    Strategies for effectively handling loss mitigation, distressed assets and shadow inventory in an environment dominated by new regulations stemming from recent enforcements, the Dodd-Frank Act, and myriad new state laws—to name a few. Expert panelists explore necessary changes and how to structure processes and build workflows that comply without hurting profitability.

    Moderator
    •  Phil Comeau, President, CEO, The Phillip E. Comeau Co.

    Panelists
    •  Dennis Stowe, President, CEO, Residential Credit Solutions
    •  Laurie Maggiano, Director of Policy, Homeownership Preservation Office, US Treasury
    •  Steve Horne, President, Wingspan

  • 10:10 – 11:00 AM—Buying & Selling Whole Loans—What Matters Most?

    In the emerging market environment, whole loan trading just keeps getting more complicated. With so many factors in flux affecting pricing and valuation—collateral values, loan modifications, servicing costs, borrower behaviors—defining which should drive strategies is a real challenge. Our panel of experts examines your options.

    Moderator
    •  Mimi Grotto, Managing Director, Mission Capital

    Panelists
    •  Jim Fratangelo, Managing Director, Asset Recovery Companies
    •  Dave Reedy, SVP, Head of Whole Loan Trading, Ranieri Partners
    •  Kin Chung, Director, Credit Risk (Private Label Securities), Fannie Mae

  • 10:10 – 11:00 AM—Your Relationship with the US Gov't—The Partnership Continues

    Our partnership with the US government remains intact, however not without some uncertainties. What does the partnership look like today? What impact will this uncertainty have upon the non-agency markets in the upcoming months. Agency vs. Non-Agency Strategies—and timing—are most likely? Expert panel weighs the likely options and how each could impact origination, servicing, securitization.

    Moderator
    •  Rob Gaither, SVP, Consumer Credit Risk Management Executive, Bank of America

    Panelists
    •  Scott Thomas, Executive Director, JP Morgan Investment Management
    •  Rich Marin, President & CEO, Ironwood Global, LLC
    •  Theodore Tozer, President, Ginnie Mae

  • 11:10 – 12 Noon—Portfolio Risk Management for the Future: The Borrower’s Behavior and Environment Matter

    LTV, loan amount and credit scores are no longer the “be-all and end-all” for the origination channel and the investor’s buy/sell decision. Recent technologies have refined risk assessments to a significantly higher level, arming the issuer with better methods to determine upfront loan quality while providing the investor with critical transparency. An expert panel will discuss the latest methods available to identify borrower and borrower-related risk through enriched mortgage credit reporting, consumer transaction histories, neighborhood influences, demographics and ongoing surveillance and monitoring - analytics that will dramatically change portfolio and bond risk management processes as the market evolves.

    Moderator
    •  David Johnson, VP, Product Line Manager – Fraud & Consortium Solutions, CoreLogic

    Panelists
    •  Pat Sheehy, EVP, National Production Executive, Chase Home Lending
    •  Phillip Daskevich, Director - Mortgage Securities, Debt Capital Markets, Cantor Fitzgerald
    •  Tony Harris, Portfolio Manager, Performance Trust Investment Advisors, LLC
    •  Arthur Prieston, Chairman, The Prieston Group

  • 11:10 – 12 Noon—The Coming Regulatory & Accounting Changes—Ready or Not!

    Though new securitization oversight may be warranted, some regulations stemming from the Dodd-Frank Act—risk retention, QRM standards, premium capture among others—and Reg AB II may so alter the economics of securitization and raise mortgage rates that they will prove counter-productive. Our expert panel examines likely changes and debates their impact on you and on securitization as a whole.

    Moderator
    •  Pete Taglia, Vice President, FTN Financial Capital Assets Corporation

    Panelists
    •  Stephen FJ Ornstein, Partner, SNR Denton US LLP
    •  Joseph Tracy, Senior Advisor to the President, Federal Reserve Bank of New York
    •  David Wells, Senior Capital Markets Specialist, FDIC

  • 11:10 – 12 Noon—Rating Agencies—Metamorphosis?

    How will rating agencies change to offer better risk assessments and recover investor trust? Which regulations--QRM and others—will most affect the ratings process? Who should pay for ratings? Will the lowering cost of self-administered ratings and surveillance trigger a shift in investor dependence on traditional agencies? Our expert panel tackles these and other questions affecting initial and ongoing bond evaluation.

    Moderator
    •  Stefania Perucci, PhD, Founder & CEO, New Sky Capital, LLC

    Panelists
    •  Frank Deutschman, President, Novolytix LLC
    •  Daniel J. Nigro, Consultant, ABS Credit
    •  Justin Genzlinger, Principal, Actualize Consulting

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Tuesday Afternoon

Lunch

  • 12:00 Noon – 12:30 PM—Deli Lunch

Concurrent Track Sessions

  • 12:30 PM – 2:30 PM—Intensives

Track 1

  • 12:30 PM: Bond pricing and portfolio analytics

    This analytic intensive will concentrate on new Bond Analytics functionality from CoreLogic and how these additional tools can be used to analyze non-Agency MBS positions in an uncertain economic environment. The session will concentrate on the application of user specified interest rate scenarios, user defined vectors and liability cash flow controls to estimate tranche value. Using these tools in tandem, we will demonstrate how analysts can develop richer understanding positions and their specific risk reward trade-off.

  • 1:30 PM: Due Diligence/Surveillance workflow and analytics

Track 2

  • 12:30 PM: WillCap analytics: decisioning distressed assets for modification vs. short sale vs. FC/REO

    How are you going to address your pipeline of distressed mortgage loans? How can you use analytics to drive your whole loan sales/purchases? WillCap is a powerful CoreLogic analytics platform that leverages detailed information on the borrower, the property, and local market real estate conditions to determine loan-level treatment recommendations. This session provides a deep dive into the WillCap platform and illustrates how WillCap’s inherent flexibility allows the user to tailor the platform to meet distinct business needs. Along with details of the key metrics and models embedded in the platform, the session addresses present value calculations and the optimization routines. The session ends with a discussion about how WillCap can help you addresses compliance and regulatory issues, while minimizing your potential losses.

  • 1:30 PM: What's Your Certainty in your Valuation—Assessing the Integrity and Certainty of a Property Evaluation

    We are all familiar with objectively and statistically measuring the accuracy of an automated valuation model. But how much certainty is there in the appraisal? Was it constructed with a high level of integrity such that repurchase risk is reduced? How sure can we be in the point estimate being provided? Are we confident in that estimate? In this session we will propose how to measure the integrity and certainty of an appraisal in an objective framework that can streamline appraisal review processes, reduce repurchase risk, and improve one’s understanding of the accuracy of an appraisal.

Adjournment

  • 2:30 PM—RiskSummit 2011 Closes

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For More Information
If you have any questions about the 2011 RiskSummit, please contact us by email or by calling (415) 536-3525.

A Year of Critical Change

Decisions made this year will determine the future shape of securitization, its market size and the importance of its role in financing U.S. real estate in the future. To understand fully and participate in the debate leading up to those decisions—and see the myriad opportunities they represent—you can’t afford to miss RiskSummit 2011.

For more information about attending RiskSummit 2011, please click the links below:

Registration—Early-Bird Pricing* 

The RiskSummit 2011 early-bird registration price is $795. To get it you must commit to staying at least two nights at the St. Regis Monarch Beach*, but that will also help you save money this year—the St. Regis nightly rate is $255 to $485 for RiskSummit 2011 attendees. Call St. Regis Monarch Beach to make reservations at (949) 234-3200.

* Southern California registrants exempt from hotel-stay requirement.

RiskSummit 2011 Fees 

We strongly recommend you register as early as possible:

Early-Bird Registration*
Fee includes admission to all sessions and workshops, Sunday evening reception and dinner, Monday breakfast and lunch, Monday afternoon activity, Monday evening dinner and Monte Carlo night, Tuesday breakfast and lunch, refreshments, conference materials.

*Early-bird pricing has been extended ($1195—regular pricing). $795
Full Guest Badge*
Fee includes Sunday reception and dinner, Monday lunch, Monday afternoon activity, Monday dinner, and Monte Carlo night. $395
Partial Night Guest Badge*
Fee includes Sunday and Monday night reception, dinner, and Monte Carlo night. $195

*Guest Badges available for significant others only.

Badges required for all meals and activities. No one under 21 allowed.

The St. Regis Monarch Beach 

RiskSummit 2011 is now at the St. Regis Monarch Beach. A refined coastal retreat awaits you, offering an exclusive private beach club, three swimming pools, one with fully-outfitted Cabanas, the award-winning Spa Gaucin, on-site championship Monarch Beach Golf Links, the Sandcastle Kids Club for our younger guests and six ocean-view restaurants.

Hotel and Travel 

RiskSummit Hotel Discount

The St. Regis Monarch Beach is pleased to offer the following room rates to RiskSummit 2011 Attendees. Please call (800) 722-1534 and ask for the CoreLogic RiskSummit 2011 rate. Note: the hotel is sold out other than our room block, which is available Sunday, July 31st through Wednesday, August 3rd.

  • Garden and Resort View Rooms: $255
  • Pool and Ocean View Rooms: $285
  • Executive Suites: $325
  • St. Regis Suites: $485

Airport-Hotel Transportation

Either make arrangements with the hotel to pick you up at the airport, or plan to catch a cab or van for the airport-to-hotel trip—travel distance depending on which airport:

  • Orange County John Wayne Airport (SNA): 21 miles one way
  • Long Beach Airport (LGB): 40 miles one way
  • Los Angeles International Airport (LAX): 60 miles one way
  • San Diego International Airport (SAN): 68 miles one way

Air travel is not included in registration fee.

Non-CoreLogic Partners, Vendors, Consultants 

Please note that all non-CoreLogic partners, vendors and consultants must have prior approval to attend RiskSummit 2011. For consideration, please send us an email.

More Information 

To learn more about RiskSummit 2011, please contact us by email or by calling (415) 536-3525.

Welcome, RiskSummit 2011 registrants. To view the conference presentations, you will need to enter the password for each PDF file.

To retrieve a forgotten password, please contact us by email or by calling (415) 536-3525.

To view the conference presentations, you will need to enter the password you received from the RiskSummit team for each PDF file.

The following list of PowerPoint PDFs includes all 2011 RiskSummit presentations that have permission to publish online—organized by date and topic. To find a presentation, locate the date, presenter, and topic—and click on the link.

Click here to view the list of attendees.

Sunday, July 31, 2011

Monday, August 1, 2011

Tuesday, August 2, 2011

Sunday, July 31, 2011

Data & Analytics Solutions: Practical Applications

  • 12:00 - 5:00 PM—Track Sessions

    Designed to help you explore and understand the real-time application of CoreLogic's Data & Analytics solutions, this progressive afternoon program is intended for both new and current solution users. You will quickly understand how our data and analytics can be integrated into your current operations. You'll also be updated on the most important enhancements recently added and on our roadmap for the next six months and have the opportunity to provide feedback. In addition, solution subject matter experts will be available to answer specific questions and conduct personalized solution demonstrations throughout the afternoon.

    Track I
    Mortgage and Valuation Loan-level Risk Analysis: Leveraging CoreLogic solutions to measure, monitor and mitigate balance sheet risk for holders of residential loans

  • 1:00 Introduction

  • 1:15 CoreLogic Data Resources

    Explore the vast underlying data assets that feed CoreLogic product and analytics offerings. In this session, we will discuss the scope, collection, and aggregation of unique data assets and data type categories. We will also offer a glimpse of what is coming in CoreLogic data assets on the horizon.

  • 1:45 Credit Risk Solutions

    In this session, you will learn about the unique data integration capabilities that provide a 360 degree view of risk by connecting performance, property and consumer data.

  • 2:15 Distressed Servicing/WillCap

    In this economy, there is an ever growing inventory of distressed assets. Armed with the right information, you can take advantage of this lucrative market opportunity. WillCap gets at the root cause of mortgage default and reveals essential differences among borrowers who look alike using current methods. WillCap can identify the type of defaulters associated with your loan pool, predict likelihood of future default and recommend loan workouts that are optimal because they align with your borrowers' motivations and desires.

  • 3:15 Loan Level Servicing

    The CoreLogic contributed loan level servicing product is the single largest source of loan level data available anywhere. Given the non-existence of non-agency issuance over the past few years, this data source represents the richest data available to measure current market dynamics. In this session you will learn how the data is collected, verified and updated in addition to major applications of the product including benchmarking, default analysis, prepayment analysis, and modeling.

  • 3:45 Fraud Risk – Analyzing the Impact of Short Sale Fraud and REO Flipping

    In the past three years that volume of short sales on Single Family Residences has nearly tripled. The tremendous increase in distressed real estate in the US has created new market opportunities for shady real estate agents and unscrupulous fraudsters to quickly flip properties for enormous gains by failing to disclose the true buyers or values to servicers. In this presentation, CoreLogic will reveal the results of data driven analysis which shows the cost of short sale fraud alone is over $375 million, and what lenders are doing to reduce these losses. Additionally CoreLogic will present information on REO Flipping in the US and the problems that it creates for servicers and lenders.

  • 4:30 Valuation and Collateral Risk Solutions

    This session will update you and seek feedback on the innovations planned for our Collateral Solutions Roadmap. The topics in this session will include: Property Complexity Scoring for efficient valuation method selection and assignment; Integrated Appraisal Review Analytics – introducing LoanSafe Appraisal Manager and the OnSite Property Condition Report as non-traditional uses for cost efficient valuation; and Distressed Asset Pricing – a case study presentation using GeoAVM Distressed and CoreScore. Finally, we will present a sneak peek into enhanced collateral risk modeling.

Track II
Market and Securities Loan-Level and Structured Risk Analysis: for investors holding RMBS  

  • 1:00 Introduction

  • 1:15 Portfolio Surveillance - Loan Level Securities Analysis

    In this session, we'll analyze the Maiden Lane II portfolio and initially demonstrate how Vector Securities can be leveraged to isolate segments of the portfolio for further analysis and accurate projections.Tranche performance is highly dependent upon subordination levels. These subordination levels depend not only on the size of supporting tranches, but also on excess interest used to build subordination. The combination of lower rates, modifications and WAC deterioration has reduced these subordination levels significantly from forecasted levels, increasing write-downs to senior tranches for unchanged levels of losses

  • 1:45 RiskModel

    In this session, we will review recent RiskModel developments and provide an overview of the latest analytics innovations. We continue the Maiden Lane II portfolio case study by demonstrating the benefit of driving RiskModel projections with the CoreLogic HPI Forecast. Finally, you'll view a glimpse of new product offerings powered by RiskModel set to hit the market later this year.

  • 2:15 HPI/Forecasts

    In this session we will provide an overview of the House Price Index and Forecast models. The raw material of these products is the repeat sales data. The more data the better, and the more reliably one can drill down to specific tiers and geographies. After you have the data it's all about the method. Various methods will be compared and contrasted. In application, how do you choose which index is best? Is it better to use a specific tier but higher geography or the same geography with a more broad tier? We will discuss optimal tier selection and how to objectively statistically determine the best index for the property.

  • 2:45 Real Estate Risk Solutions

    Introducing the New Real Estate Analytics Platform featuring the CoreLogic HPI Valuation Engine. The New Analytics Platform slated for release later in 2011 provides clients with new tools for targeting real estate risk including the flexibility of data querying, aggregation and the long awaited ability to upload and integrate custom data sets. The platform serves as a single, trend data source for comprehensive real estate risk assessment, modeling and market research.

  • 3:15 Credit Risk Sensitivity and Bond Analytics

    In a high default environment, accurate projections of home prices are necessary, not only to differentiate deals and pools, but to evaluate to relative value of tranches within a particular deal. Not only the level of losses, but their timing, can influence the distribution of write-downs and weighted average lives tranches dependent upon their position within the deal capital structure. This session will analyze recent positions from the Maiden Lane II portfolio, contrasting how positions from the same bid list perform differently under varying home price path projections and increasing levels of analytic granularity.

  • 3:45 Due Diligence

    In this session, we will explore and discuss the development and best practices for due diligence for forensic loan-file review, acquisition, securitization, and non-performing transactions.

  • 4:30 New Diligence Securitization Workflow

    This session will discuss preparing for the new world of securitization—developing best practices in advance, at the time of, and subsequent to, securitization. We will discuss the identification and the exploration of the key drivers for primary participants in the process, including originator-servicers, broker dealers, investors, and others. Factors to be examined will include industry influences (such as the American Securitization Forum's Project Restart) as well as regulatory and accounting considerations. We will parse these factors to examine how they might shape new requirements and the enhancement of pre-existing practices in the new securitization regime.

Monday, August 1, 2011

General Sessions

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Concurrent Track Sessions

  • 10:10 – 11:00 AM—Reform School—Current and Future Non-Agency Securitization

    The rules they are a-changing: the coming market is going to have to pay much closer attention to questions of liquidity and reality. How will the new competitive environment differ from today's agency dominated market? What new opportunities will appear? This panel explores the evolving non-agency market and where the profits will likely be.

    Moderator
    •  Brendan Keane, SVP, Advisory Services, CoreLogic

    Panelists
    •  Cameron Beane, Residential Loan Portfolio Manager, SunTrust
    •  Brett Nicholas, CIO and COO, Redwood Trust
    •  Kevin O'Hare, Managing Director, Corporate Finance, FTI Consulting

  • 10:10 – 11:00 AM—Servicing and Strategic Default—Who's Minding the Store?

    Do you really understand strategic defaulters? Our panel of experts discuss impaired-borrower workout strategies, including how to determine their ability (and likelihood) to pay, how to treat principal abatements vs. interest rate reductions, and the surprising numbers linking loan modifications to recidivism and redefaults.

    Moderator
    •  Michael Bradley, VP, Analytics, CoreLogic

    Panelists
    •  Chris Ganter, CEO, HPLocate
    •  Laurie Goodman, Sr. Managing Director, Amherst Securities
    •  Frank Pallotta, EVP, Managing Partner, Loan Value Group
    •  Ed Rappaport, Principal & Director, HMVP Partners LLC

  • 10:10 – 11:00 AM—Risk Modeling—A Whole New Ballgame

    As challenging as risk modeling is when the rules keep changing, new regulations will almost certainly mandate use of it. Experts on this panel share their perspectives on which techniques will likely be effective under such new rules—how they will affect loan loss reserves-setting, cash flow determinations, proactive surveillance and monitoring and more.

    Moderator
    •  Wei Wang, Managing Director, WestPAT LLC

    Panelists
    •  Richard Cooperstein, President & CEO, Cooperstein Analytics
    •  Robert Dunsky, Principal Financial Engineer, FHFA
    •  John McMurray, Chief Risk Officer, Russell Investments
    •  Diane Westerback, Managing Director, Global Surveillance Analytics, Standard & Poor's

  • 11:10 – 12 Noon—Valuation—It Really IS Location, Location, Location!

    Given the always-down roller coaster ride of the past five years, valuation has become one of the critical elements in loan-level risk strategies. Our expert panel will explore achievable cost efficiencies for property valuation using a mix of AVMs, BPOs, and new technologies.

    Moderator
    •  Susan Allen, VP, Collateral Solutions, CoreLogic

    Panelists
    •  Michael LaCour-Little, Professor of Finance, Director, Real Estate & Land Use Institute, California State University Fullerton
    •  Wanda Throneburg, Risk Management Consultant, Residential Valuation Services Analytics, Wells Fargo
    •  Frank Nothaft, Chief Economist, Freddie Mac

  • 11:10 – 12 Noon—HPI Econometrics—Getting the Numbers Right at a Cynical Time

    Distressed properties, shadow inventory, dismal economic conditions all continue to influence market measurement methodologies. This session dissects the latest HPI econometrics, the research behind them, modeling decisions that affect them, new HPI statistical capabilities.

    Moderator
    •  Douglas Bendt, Director, Deutsche Bank

    Panelists
    •  David Berson, PhD, SVP, Chief Economist and Strategist, PMI Group
    •  Chris Flanagan, Managing Director, Head of U.S. Mortgage & Structured Finance Research, Banc of America Securities
    •  Lakhbir Hayre, Managing Director, Citi
    •  Susan Wachter, PhD, Richard B Worley Professor of Financial Management, Professor of Real Estate and Finance, University of Pennsylvania, Wharton School of Business

  • 11:10 – 12 Noon—Forensics and Diligence—A 10% Solution No More

    In the coming market, nearly every loan in a whole loan pool or RMBS transaction will be subject to new levels of transparency and due diligence. Not only forensic review for buybacks, but for trading and new issuance. This expert panel explores what you can do in-house, what to expect from a partner, and how to maximize cost efficiency.

    Moderator
    •  Mark Hughes, VP, Due Diligence Solutions, CoreLogic

    Panelists
    •  Trenton Staley, President, Global Financial Review
    •  Robin Auerbach, President & CEO, EdgeMAC
    •  Kathy Kelbaugh, VP, Senior Analyst, Moody's Investor Services
    •  Vanessa Moulin, Director, Credit Risk, Fannie Mae

Tuesday, August 2, 2011

General Sessions

  • 8:30 – 9:15 AM—Let's Hear It from the Researchers

    In one of the most popular RiskSummit panels, top analysts draw on the latest research and market trends to inform a spirited roundtable discussion of what's happening in the market now—and what they expect to see happening as new regulations and processes unfold.

    Moderator
    •  Glenn Costello, Senior Managing Director, Kroll Bond Rating Agency

    Panelists
    •  Laurie Goodman, Sr. Managing Director, Amherst Securities
    •  Chris Flanagan, Managing Director, Head of U.S. Mortgage & Structured Finance Research, Banc of America Securities
    •  Rod Dubitsky, EVP, Global Structured Finance Specialist, PIMCO
    •  Dick Kazarian, Managing Director, Shellpoint Partners, LLC

  • 9:15 – 10:00 AM—Let's Hear It from the Traders


    Every year, this panel gets rave reviews. A free-wheeling and frank discussion by a panel of well-known movers and shakers, sharing their views about what's happening in the market, what isn't, and when the market is likely to open up to its full potential.

    Moderator
    •  Patrick Bassett, SVP, Corporate Trust, Wells Fargo

    Panelists
    •  Dave Reedy, SVP, Head of Whole Loan Trading, Ranieri Partners
    •  Peter Barkey, CIO, Roosevelt Management Company
    •  David Wells, Senior Capital Markets Specialist, FDIC
    •  Vanessa Resnick, Vice President, Whole Loan Trading, Credit Suisse

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Concurrent Track Sessions

  • 10:10 – 11:00 AM—Servicing Today—Creating Efficiency in a Tough Environment

    Strategies for effectively handling loss mitigation, distressed assets and shadow inventory in an environment dominated by new regulations stemming from recent enforcements, the Dodd-Frank Act, and myriad new state laws—to name a few. Expert panelists explore necessary changes and how to structure processes and build workflows that comply without hurting profitability.

    Moderator
    •  Phil Comeau, President, CEO, The Phillip E. Comeau Co.

    Panelists
    •  Dennis Stowe, President, CEO, Residential Credit Solutions
    •  Laurie Maggiano, Director of Policy, Homeownership Preservation Office, US Treasury
    •  Steve Horne, President, Wingspan

  • 10:10 – 11:00 AM—Buying & Selling Whole Loans—What Matters Most?

    In the emerging market environment, whole loan trading just keeps getting more complicated. With so many factors in flux affecting pricing and valuation—collateral values, loan modifications, servicing costs, borrower behaviors—defining which should drive strategies is a real challenge. Our panel of experts examines your options.

    Moderator
    •  Mimi Grotto, Managing Director, Mission Capital

    Panelists
    •  Jim Fratangelo, Managing Director, Asset Recovery Companies
    •  Dave Reedy, SVP, Head of Whole Loan Trading, Ranieri Partners
    •  Kin Chung, Director, Credit Risk (Private Label Securities), Fannie Mae
    •  Neal Roodin, Managing Director, Credit Suisse

  • 10:10 – 11:00 AM—Your Relationship with the US Gov't—The Partnership Continues

    Our partnership with the US government remains intact, however not without some uncertainties. What does the partnership look like today? What impact will this uncertainty have upon the non-agency markets in the upcoming months. Agency vs. Non-Agency Strategies—and timing—are most likely? Expert panel weighs the likely options and how each could impact origination, servicing, securitization.

    Moderator
    •  Rob Gaither, SVP, Consumer Credit Risk Management Executive, Bank of America

    Panelists
    •  Scott Thomas, Executive Director, JP Morgan Investment Management
    •  Rich Marin, President & CEO, Ironwood Global, LLC
    •  Theodore Tozer, President, Ginnie Mae
    •  Christopher Haspel, Senior Advisor – Servicing & Securitization, Consumer Financial Protection Bureau, US Treasury

     
  • 11:10 – 12 Noon—Portfolio Risk Management for the Future: The Borrower's Behavior and Environment Matter

    An expert panel will discuss the latest methods available to identify borrower and borrower-related risk through enriched mortgage credit reporting, consumer transaction histories, neighborhood influences, demographics and ongoing surveillance and monitoring—analytics that will dramatically change portfolio and bond risk management processes as the market evolves.

    Moderator
    •  David Johnson, VP, Product Line Manager – Fraud & Consortium Solutions, CoreLogic

    Panelists
    •  Pat Sheehy, EVP, National Production Executive, Chase Home Lending
    •  Phillip Daskevich, Director, Mortgage Securities, Debt Capital Markets, Cantor Fitzgerald
    •  Tony Harris, Portfolio Manager, Performance Trust Investment Advisors, LLC
    •  Arthur Prieston, Chairman, The Prieston Group

  • 11:10 – 12 Noon—The Coming Regulatory & Accounting Changes—Ready or Not!

    Though new securitization oversight may be warranted, some regulations stemming from the Dodd-Frank Act—risk retention, QRM standards, premium capture among others—and Reg AB II may so alter the economics of securitization and raise mortgage rates that they will prove counter-productive. Our expert panel examines likely changes and debates their impact on you and on securitization as a whole.

    Moderator
    •  Pete Taglia, Vice President, FTN Financial Capital Assets Corporation

    Panelists
    •  Stephen FJ Ornstein, Partner, SNR Denton US LLP
    •  Joseph Tracy, Senior Advisor to the President, Federal Reserve Bank of New York
    •  David Wells, Senior Capital Markets Specialist, FDIC
    •  Michele Perrin, Founder & CEO, Perrin & Associates

  • 11:10 – 12 Noon—Rating Agencies—Metamorphosis?

    How will rating agencies change to offer better risk assessments and recover investor trust? Which regulations--QRM and others—will most affect the ratings process? Who should pay for ratings? Will the lowering cost of self-administered ratings and surveillance trigger a shift in investor dependence on traditional agencies? Our expert panel tackles these and other questions affecting initial and ongoing bond evaluation.

    Moderator
    •  Stefania Perucci, PhD, Founder & CEO, New Sky Capital, LLC

    Panelists
    •  Frank Deutschman, President, Novolytix LLC
    •  Daniel J. Nigro, Consultant, ABS Credit
    •  Justin Genzlinger, Principal, Actualize Consulting

Concurrent Track Sessions 

  • 12:30 PM – 2:30 PM—Intensives

Track 1

  • 12:30 PM: Bond Pricing and Portfolio Analytics

    This analytic intensive will concentrate on new Bond Analytics functionality from CoreLogic and how these additional tools can be used to analyze non-Agency MBS positions in an uncertain economic environment. The session will concentrate on the application of user specified interest rate scenarios, user defined vectors and liability cash flow controls to estimate tranche value. Using these tools in tandem, we will demonstrate how analysts can develop richer understanding positions and their specific risk reward trade-off.

  • 1:30 PM: Real Estate Fraud: Trends, Detection, and Prevention

    We will take a look at the most recent fraud trends in the mortgage industry and various types of emerging fraud patterns related to mortgages, properties, and the supporting entities. This session provides a discussion and deep dive into our analytics and approaches for LoanSafe Fraud Manager, EntityWatch, PatternWatch, and custom analytics and analysis in fraud. Along with the details of the analytics, this session provides a discussion around how fraud detection performance and leading analytics can help you address various types of risk and improve your operational processes to minimizing your potential losses.

Track 2

  • 12:30 PM: WillCap analytics: decisioning distressed assets for modification vs. short sale vs. FC/REO

    How are you going to address your pipeline of distressed mortgage loans? How can you use analytics to drive your whole loan sales/purchases? WillCap is a powerful CoreLogic analytics platform that leverages detailed information on the borrower, the property, and local market real estate conditions to determine loan-level treatment recommendations. This session provides a deep dive into the WillCap platform and illustrates how WillCap's inherent flexibility allows the user to tailor the platform to meet distinct business needs. Along with details of the key metrics and models embedded in the platform, the session addresses present value calculations and the optimization routines. The session ends with a discussion about how WillCap can help you addresses compliance and regulatory issues, while minimizing your potential losses.

  • 1:30 PM: What's Your Certainty in your Valuation—Assessing the Integrity and Certainty of a Property Evaluation

    We are all familiar with objectively and statistically measuring the accuracy of an automated valuation model. But how much certainty is there in the appraisal? Was it constructed with a high level of integrity such that repurchase risk is reduced? How sure can we be in the point estimate being provided? Are we confident in that estimate? In this session we will propose how to measure the integrity and certainty of an appraisal in an objective framework that can streamline appraisal review processes, reduce repurchase risk, and improve one's understanding of the accuracy of an appraisal.