Unlocking the Future of Mortgage Finance

 

RiskSummit 2012 will bring together mortgage finance leaders, tech experts, and experienced practitioners—investors, analysts, servicers—to analyze the state of the recovery, explore ways to profit in the current environment, and probe strategies to prosper in whatever comes next.

Carville and Matalin—Back by Popular Demand

Mary Matalin and James CarvilleIn a presidential election year who better to unravel the implications of possible outcomes than the famously combative political couple, Mary Matalin and James Carville? At last year’s RiskSummit, their laser-sharp insights—and ready humor—set the tone for the entire conference. This year you let us know you wanted their fearlessness and fun back on stage once again.

So they’re back—the first-ever repeat keynoters—and, as always, looking for trouble.

Separate Tracks for Investors, Analysts, and Servicers

The track sessions this year are divided into three distinct groups—sessions for investors, for analysts, and for servicers. If you choose, you can attend only one group’s track sessions. Or you can mix them up. Your call. Track session titles (for more detail, see “Agenda” tab above):

Investor Track

  • Defaulted Asset Disposition—Is Rental the Panacea Or Is There Another Option?
  • Litigation—Are We There Yet?
  • GSEs and the Regulatory Environment—Fast Forward to a Year Later
  • RMBS and the Whole Loan Market—Acquisition and Trading Strategies

Analytics Track

  • Securities Valuation & Credit Assessment—Dynamic New Approaches
  • Loan-Level Risk Modeling—Credit, Fraud and Valuation Applications
  • Academic Research Initiatives—How to Inform Analytics and Policy
  • The Role of Transparency in Securitization—Learning from Litigation

Servicing Track

  • Distressed-Asset Servicing—to Hold or to Fold?
  • HARP 2.0: Sweet Music or a Drumbeat for Concern?
  • The National Mortgage Settlement National Servicing Standards—An Insider Look
  • Managing Distressed Government Loans—FHA, VA No-Bids, SCRA

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Sunday Afternoon Sessions

Arrive early at this year’s event and learn about the latest capital markets solutions available from CoreLogic. Capsule presentations by product SMEs will update you on our latest innovations and enhancements. You can also sit down with the SMEs for product demos—and with your account manager to discuss new or anticipated needs.

Sequential half-hour sessions in two tracks (for more information, see Agenda tab):

Track I: Portfolio Risk Holders

  • Property Valuation – The Devil’s in the Details: How Best to Keep Him Out of Your Portfolio
  • Fraud Risk – Analyzing the Impact of Fraud on the Whole Loan Investor; Evaluating Solutions available to Investors in the Non-Performing Arena
  • Managing Servicer Risk – Operationalizing the New Regulatory Servicing World
  • Whole Loan Marketplace - Tackling Today’s Risk Management Issues with Next-Stage Analytics
  • Unparalleled Data - Informing Single-Family-Residential (SFR) REO-to-Rental Investing
  • Advisory Services - More Effective Approaches to Data & Analytics Integration


Track II: Agency/Non Agency Risk Holders

  • Due Diligence Solutions
  • RMBS Deal Performance Analysis - Understanding of Performance and Key Factors influencing the Value of RMBS - Credit data, Servicer Advances, MTM LTV, Loan Mods
  • Forecasting Mortgage Risk in the New Regime
  • CoreLogic Ratings – Dynamic and Innovative Surveillance/Analysis Alternatives for Issuers and Seasoned RMBS Investors
  • Evaluating Borrower and Real Estate Risk – New Methods Leveraging Credit, Real Estate, Natural Hazard and Valuation Analytics

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Tuesday Afternoon Workshops

Delay your departure a few hours—RiskSummit formally ends Tuesday at noon—and take part in a series of CoreLogic workshops focused on new technology products and capabilities.

Sequential sessions in two tracks (for more information, see Agenda tab):

Track I: Capital Markets Solutions

  • CoreLogic Bond Credit Ratings: Assessing Credit Risk in Uncertain Times
  • Analytic Incubator — Models that Drive our ‘Back-end’ Solutions


Track II: Default Servicing and Technology Solutions - Consent Order and Beyond

  • Third Party Management - New Processes and Procedures Required for Selecting and Monitoring Third-Parties
    • Management Information Systems- Technology and Process Definition
    • Mortgage Servicing
  • Foreclosure Review and Audits- Loss Mitigation, DOJ, SCRA Review
  • Managing Changing Valuation Guidelines
  • MERS - Requires Appropriate Controls, Oversight and Transparency

For information on last year's event, please visit RiskSummit 2011.

If you have any questions about RiskSummit 2012, please contact Allyson Reynolds
or call her at 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 2012.

For more information about attending RiskSummit 2012, please click the links below:

Registration—Early-Bird Pricing* 

The RiskSummit 2012 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 2012 attendees. Call St. Regis Monarch Beach to make reservations at (800) 722-1534 and ask for the CoreLogic RiskSummit 2012 rate or go to online booking.

The early-bird registration rate is available through July 1st—on July 2nd it goes to $1195.

* Southern California registrants exempt from hotel-stay requirement.

RiskSummit 2012 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 (ask us about special customer pricing)
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 2012 is once again 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 2012 Attendees. Please call (800) 722-1534 and ask for the CoreLogic RiskSummit 2012 rate or go to online booking, which is available Sunday, July 29th through Wednesday, August 1st.

  • 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 2012. For consideration, please send us an email.

More Information 

To learn more about RiskSummit 2012, please contact us by email or by calling (415) 536-3525.

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 2012 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.

View list of attendees.

 

Move to the Head of Your Pack

 

Unravel Today's Toughest Challenges

The RiskSummit 2012 agenda has three break-out-session tracks, each focused tightly on challenges currently facing members of a single industry category—investors, analysts, or servicers. You can attend only the sessions for your particular category. Or you can mix and match sessions from different tracks. Completely at your discretion.

RiskSummit 2012 Agenda

The following agenda is accurate as of July 25, 2012. 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 29, 2012

Sunday, July 29, 2012

Conference Registration

  • 12:00 - 6:00 PM

Track Sessions - Capital Markets Solutions: Innovation for a Changing Market

  • 1:00 - 5:00 PM

    We urge you to arrive early for this year's event to learn about the latest capital markets and servicing solutions available from CoreLogic. These capsule presentations will update you on the latest new innovations and product enhancements now available. It is also a great opportunity to sit down with product specialists for a demonstration and to discuss your particular needs with your account manager. We offer two concurrent tracks aimed at whole loan portfolio risk holders and those concerned with agency/non agency RMBS risk. 

Track I: Portfolio Risk Holders

1:00 - 1:15 PM Introduction
1:15 - 1:45 PM Property Valuation – The Devil's in the Details: How Best to Keep Him Out of Your Portfolio
Contrary to popular belief, property valuation really is more than an expensive "guesstimate". Valuation technology continues to evolve to meet the needs of risk managers who now must consider a broad range of valuation alternatives. Updated property values are now available under multiple scenarios, including retail, REO and rental. And risk managers are using more than just the spot value for decisions. Property grades, complexity scores, forecasts and market risk are all deployed in risk models that deliver a competitive advantage over static views of property value. This session will update you on the latest innovations and seek input on our roadmap for 2013 and beyond.
1:45 - 2:15 PM Fraud Risk – Analyzing the Impact of Fraud on the Whole Loan Investor, Evaluating Solutions available to Investors in the Non-Performing Arena
As whole loan purchases begin to make a comeback, this informative session will discuss the challenges of fraud risk in non-performing, whole loan pool purchase transactions. This session will also highlight best practice operational workflow processes and the various technology and tool options that can assist servicers with a cost-benefit purchase decision, while ensuring the highest quality possible in a distressed whole loan pool purchase.
2:15 - 3:00 PM Managing Servicer Risk - Operationalizing the New Regulatory Servicing World
It's a new world for servicers - Regulation introduced as a result of the National Mortgage Settlement means changes for the entire servicing industry. What does this mean for servicing? This session will highlight key challenges and the impact of regulations on the way servicers operate today.
3:00 - 3:15 PM Break
3:15 - 4:00 PM Whole Loan Marketplace: Tackling Today's Risk Management Issues with Next-Stage Analytics
Effective risk management of whole loan portfolios demands an understanding of the heightened risks that have emerged in 2012 and will continue to impact senior and junior loans and lines into 2013. Topics and solutions presented will include third party repurchase demands, regulatory issues such as ALLL (Allowance for Loan and Lease Losses), and dynamic portfolio risk assessments.
4:00 - 4:30 PM Unparalleled Data - Informing Single-Family-Residential (SFR) REO-to-Rental Investing
Bottomed out home prices, discounted REO sales, and increasing rents has piqued the interest of institutional investors causing some to consider building a portfolio of single family residential rental properties. Adding fuel to the fire, the FHFA announced plans earlier this year to bring to market at least a portion of the 200k+ REO properties currently held by the GSEs. In total, it is estimated that there are between 450k-500k REO properties in the US, with another 1.6 million waiting in the "shadows". This session will focus on CoreLogic's capabilities to support bid decisions by combining our valuation and market trends core competencies, with our unique rental data sourced from Partner InfoNet MLS data contributors.
4:30 - 5:00 PM Advisory Services - More Effective Approaches to Data & Analytics Integration
Today's marketplace requires extreme flexibility in dealing with an assortment of issues impacting whole loans, RMBS, and servicing rights, among others. Valuation, forecasting, and benchmarking in an environment increasingly influenced by regulatory and transparency-related factors necessitates custom-oriented approaches by banks, originator-servicers, and investors. This session details recent and upcoming advancements employed by the CoreLogic Advisory team to address these ever-changing issues.

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Track II: Agency/Non Agency Risk Holders

1:00 - 1:15 PM Introduction
1:15 - 1:45 PM Due Diligence Solutions
In this session we will discuss lessons learned through forensic loan review and how to apply them to maximum effect in todays' market opportunities – financing, acquiring or securitizing residential loans.
1:45 - 2:15 PM RMBS Deal Performance Analysis - Understanding of Performance and Key Factors influencing the Value of RMBS - Credit Data, Servicer Advances, MTM LTV, Loan Mods
In this session you'll see how using CoreLogic tools will give you an in-depth understanding of performance and key factors influencing the value of RMBS - Credit data, Servicer Advances, MTM LTV, Loan Mods and more…
2:15 - 3:00 PM Forecasting Mortgage Risk in the New Regime
Given tremendous structural changes in U.S. mortgage markets over the past five years, it's essential to rely on models built with very recent data to reliably forecast risk. This session explores the predictive models that our clients are using to face these challenges including topics such as model development datasets, key drivers, economic variables, surveillance results, and enhanced voluntary prepayment modeling. The session will conclude with an overview of CoreLogic's latest analytics developments in the agency space.
3:00 - 3:15 PM Break
3:15 - 4:00 PM CoreLogic Ratings – Dynamic and Innovative Surveillance/Analysis Alternatives for Issuers and Seasoned RMBS Investors
Today's market presents ever-changing hurdles at issuers and investors in non-agency RMBS, whether brought about by new regulations, servicing standards, or unforeseen credit performance. This session will introduce CoreLogic Ratings, a new, innovative approach to assessing seasoned non-agency RMBS for investors who value loan-level insight behind their securities holdings. This session will also preview how CoreLogic Ratings will be integrated into our New Diligence efforts for newly-issued securities, enabling issuers (and investors) to gain a deeper understanding of collateral, bond, and risk-retention exposures.
Note: expanded discussion of CoreLogic Ratings is scheduled for our Tuesday afternoon analytic workshop
4:00 - 5:00 PM Evaluating Borrower and Real Estate Risk – New Methods Leveraging Credit, Real Estate, Natural Hazard and Valuation Analytics
This session will be broken into three mini-sessions which will help investors broaden risk visibility through enhanced CoreLogic offerings.

 

Welcome Reception

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

For More Information
If you have any questions about RiskSummit 2012, please contact us by email 
or by calling (415) 536-3525.

back to top

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 2012 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.

View list of attendees.

 

Move to the Head of Your Pack

 

Unravel Today's Toughest Challenges

The RiskSummit 2012 agenda has three break-out-session tracks, each focused tightly on challenges currently facing members of a single industry category—investors, analysts, or servicers. You can attend only the sessions for your particular category. Or you can mix and match sessions from different tracks. Completely at your discretion.

RiskSummit 2012 Agenda

The following agenda is accurate as of July 25, 2012. 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:

Monday, July 30, 2012

 Monday, July 30, 2012

Breakfast/Registration

  • 7:00 - 8:00 AM—Breakfast
  • 7:00 - 12 Noon—Conference Registration

General Sessions

  • 8:00 – 8:15 AM—Welcome Address

    •  Ben Graboske, SVP, Real Estate & Financial Services, 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. Jim Reynolds, SVP, Global Capital Markets Solutions moderating

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

    •  Mark Fleming, PhD, Chief Economist, CoreLogic

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Concurrent Track Sessions 10:10 – 11:00AM

  • Defaulted Asset Disposition—Is Rental the Panacea Or Is There Another Option?
    Defaulted agency, non-agency and whole loans have one thing in common: Investors are challenged to make the right decision on non-performing loan disposition with lots of buzz in the market over the REO to Rental phenomenon. This panel discusses the emerging options available to investors to intercept the default process at delinquency, by deciding whether to pursue potential short sale opportunities or proceed to deed-in-lieu or foreclosure, all in order to create value through REO.

    Moderator
    •  Tim Kruse, Managing Director, Milestone Partners, LLC

    Panelists
    •  Ben Hellweg, VP, Acquisitions, Single Family Housing Solutions, LLC
    •  Tom Neary, CEO, Lifeline
    •  Jim Fratangelo, Managing Director, Asset Recovery Companies
    •  Bobby Montagne, Founder & CEO, Walnut Street Development

  • Securities Valuation & Credit Assessment—Dynamic New Approaches
    With pressures mounting on traditional rating agencies, dynamic new techniques for assessing seasoned and new-issue RMBS have emerged. Integrated credit, price, and bond sensitivity evaluations are giving investors and others a whole new set of tools to measure risk. But are they sufficient? Will they meet regulatory thresholds? Our panel of experts examines these recent efforts to improve the issuance process, and discusses whether they will lead to more transparent, more trustworthy RMBS investments.

    Moderator
    •  Brendan Keane, SVP, Advisory Data Valuation Group, CoreLogic

    Panelists
    •  Cameron Beane, Residential Loan Portfolio Manager, Suntrust
    •  Brian Grow, Managing Director, Structured Finance Ratings, Morningstar Credit Ratings, LLC
    •  John Kohler, Managing Director, Mortgage- and Asset-Backed Finance, Cantor Fitzgerald & Co
    •  Kevin O'Hare, Managing Director, Forensic Litigation Consulting, FTI Consulting

  • The National Mortgage Settlement National Servicing Standards—An Insider Look
    The National Mortgage Settlement will significantly impact how loans will be serviced in the future—and form the basis for national standards followed by all servicers. Our panel, including representatives of servicers that negotiated the settlement with the states' attorneys general, will examine the results in detail—what is included and what it means for lenders, investors and the servicers themselves. New regulations have mandated fundamental transparency and compliance changes in how assets are serviced. While seemingly onerous to implement, might they also prevent portfolio runoff and help maintain cashflow? Could they also extend foreclosure timelines and their pressure on home prices and markets? Might in-house due diligence be a silver lining for both servicers and investors? Our experts examine the settlement, their thoughts about the new environment and how to approach it successfully.

    Moderator
    •  Arlene Hyde, SVP, Client Experience, CoreLogic

    Panelists
    •  Victoria Kiehl, General Counsel, CitiMortgage, Inc.
    •  David Schneider, CEO, Vericrest Financial

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Concurrent Track Sessions 11:10AM – 12:00PM

  • Litigation—Are We There Yet?
    Are we near the end of the post-crisis litigation onslaught or will the global unwinding of CDOs continue the march to the courthouse? What, if anything, have we learned from it all? Will the settlements help restore trust? Might front-ending forensic due diligence reduce future litigation? How will it affect origination and the secondary market distribution? Our expert panel examines these and other questions, offering informed insight on how legal decisions will likely play out in the market to come.

    Moderator
    •  Scott Samlin, Partner, Capital Markets, SNR Denton US LLP

    Panelists
    •  Daniel L. Brockett, Partner, Quinn Emanuel Urquhart & Sullivan, LLP
    •  Joel Bernstein, Partner, Labaton Sucharow LLP
    •  George Zelcs, Partner, Korein Tillery LLC

  • Loan-Level Risk Modeling—Credit, Fraud and Valuation Applications
    How valuable is credit, fraud and valuation risk modeling? How valuable could it be with new management applications and roll-up? Our panel of expert modelers and credit risk executives explore new strategies and techniques incorporating multiple analytics and data elements for whole loan portfolios, securities, and servicing books—looking, for example, at how fraud and collateral analytics like AVMs, property condition reports, & BPOs and other hybrid valuations are used in origination and asset-disposition strategies.

    Moderator
    •  Wei Wang, President, WestPAT LLC

    Panelists
    •  Richard Cooperstein PhD, President, RangeMark Analytics
    •  John McMurray, Chief Risk Officer, Russell Investments
    •  Ralph DeFranco, Senior Economist, The PMI Group
    •  Andrew Davidson, President, Andrew Davidson & Co

  • Distressed-Asset Servicing—to Hold or to Fold?
    Given today's typical servicing portfolios, servicers have to be experts on the consequences of decisions like never before. For example, what's a company's best execution strategy from an NPV perspective? What about distressed-asset disposition—should you manage a growing portfolio or opt for REO-to-rental? How to monitor performing assets for best investment outcomes? Our panel of experts explores these and other current servicing conundrums.

    Moderator
    •  Phil Comeau, CEO, Phillip E. Comeau Company, Inc

    Panelists
    •  Steve Horne, CEO, Wingspan
    •  Dennis Stowe, President and CEO, Residential Credit Solutions
    •  Amy Brandt, CEO, Vantium Capital

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Monday Afternoon

  • 12:30 – 6:00 PM—Networking and Outside Activities

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Monday Evening

  • 7:00 - 10:00 PM—Reception, Dinner and Monte Carlo Activities

For More Information
If you have any questions about RiskSummit 2012, please contact us by email 
or by calling (415) 536-3525.

back to top

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 2012 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.

View list of attendees.

 

Move to the Head of Your Pack

 

Unravel Today's Toughest Challenges

The RiskSummit 2012 agenda has three break-out-session tracks, each focused tightly on challenges currently facing members of a single industry category—investors, analysts, or servicers. You can attend only the sessions for your particular category. Or you can mix and match sessions from different tracks. Completely at your discretion.

RiskSummit 2012 Agenda

The following agenda is accurate as of July 25, 2012. 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:

Tuesday, July 31, 2012

Tuesday, July 31, 2012 

Breakfast

  • 7:30 - 8:30 AM—Breakfast

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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
    •  Glen Costello, Senior Managing Director, Kroll Bond Rating Agency

    Panelists
    •  Laurie Goodman, Senior Managing Director, Amherst Securities Group
    •  Richard Kazarian, Managing Director, Shellpoint
    •  Chris Flanagan, Managing Director, Head of US Mortgage & Structured Finance Research, Merrill Lynch / Bank of America
    •  Frank Nothaft, Chief Economist, Freddie Mac
  • 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 G. Basset, SVP, Corporate Trust, Wells Fargo Bank NA

    Panelists
    •  Peter Barkey, CIO, Roosevelt Management Company
    •  Dave Reedy, SVP, Head of Whole Loan Trading, Ranieri Partners
    •  Vanessa Resnick, Vice President, Whole Loan Trading, Credit Suisse

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Concurrent Track Sessions 10:10 – 11:00AM

  • GSEs and the Regulatory Environment—Fast Forward to a Year Later
    The times, apparently, are not a-changin'. In the past year the GSEs have maintained their commanding 90%+ share of originations. But one thing has changed: it's now an election year. What's likely to happen to the GSEs large market shares if the Presidency, control of the Senate or of the House changes? And what about new regulations—CFPB impacts, for example, on origination and servicers? Our panel of investment experts and armchair political prognosticators examines the evidence and makes considered predictions.

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

    Panelists
    •  Charles Coulter, Deputy Assistant Secretary, Housing and Urban Development
    •  Pat McEnerney, Housing Policy Council
    •  Armando Falcon, CEO, Falcon Advisors, LLC
    •  Sean Dobson, CEO, Amherst Holdings LLC
  • What Keeps The Servicers Up At Night?: HARP 2.0? MSR's? Strategic Defaults? The National Mortgage Settlement? Lions and Tigers and Bears, Oh My!
    While the various iterations of the government's Home Affordable Refinance Program may have resonated with individual borrowers, questions still linger about its impact on institutional investors, lenders and servicers. On the surface HARP 2.0 is being received positively by both servicers who have expanded LTV options and investors who have lessened risk exposure. Will the refinance program prevent future delinquency? How will the interest rate reduction impact the behavior of potential strategic defaulters? Who really owns the risk after the loan is rewritten? What, if any, interests should the investor have in the new security created with these HARP 2.0 loans? This expert panel discusses how best to assess the various components of HARP and its role in the new securities and servicing paradigm.

    Moderator
    •  Michael Lau, EVP, Phoenix Capital

    Panelists
    •  Mary Coffin, EVP, Head of Mortgage Performing Servicing, Wells Fargo Home Mortgage Servicing 
    •  Joseph F. DeDominicis, EVP, COO, Servicing, SN Servicing
    •  Michael Drayne, SVP, Office of Issuer & Portfolio Management, Ginnie Mae
    •  Toby Wells, CFO, Specialized Loan Servicing
  • Academic Research Initiatives—How to Inform Analytics and Policy
    Following the global financial crisis and our slow domestic recovery—especially in the housing market—leading researchers are actively seeking to understand what happened and how it's likely to affect future housing economics and secondary markets. Our panel of academic and industry experts explores new research on housing price dynamics, negative equity, mortgage performance and risk, and borrower behaviors in a brave new unsettled world.

    Moderator
    •  Michael Bradley, VP Analytics, Mortgage Analytics & Economics, CoreLogic

    Panelists
    •  Amy Crews Cutts, SVP – Chief Economist, Equifax
    •  Joseph Tracy, Senior Advisor to the President, Federal Reserve Bank of New York
    •  Michael LaCour-Little, Professor of Finance, Director, Real Estate & Land Use Institute, CalState/Fullerton
    •  Frank Nothaft, Chief Economist, Freddie Mac

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Concurrent Track Sessions 11:10AM – 12:00PM

  • RMBS and the Whole Loan Market—Acquisition and Trading Strategies
    Despite a flash mob-like scramble to resurrect private-label securitization, we have seen nothing so far but a slow-motion crawl from market participants. Against that backdrop, how should we plan for issues like the diminished influence of rating agencies, new structural demands from investors, and the post-crisis regulatory environment? And what about whole loans—how long can "nonperforming" perform? How can traders better understand and accurately value assets? What are the market limiters from a trading perspective? How do strategies differ for market participants choosing to invest in whole loans vs. limited new/seasoned RMBS?

    Moderator
    •  Mimi Grotto, Managing Director, Mission Capital

    Panelists
    •  Dave Wells, Senior Capital Markets Specialist, FDIC
    •  Neal Roodin, Managing Director, Credit Suisse
    •  Scott J. Thomas, Executive Director, JP Morgan Investment Management
    •  Michael Commaroto, President & CEO, Apollo Residential Mortgages, Inc.
    •  Frank Skibo, Managing Director, RBS
  • The Role of Transparency in Securitization—Learning from Litigation
    As ongoing litigation unwinds ever more pre-crisis securitizations, one lesson shines through with crystal clarity—lack of transparency was the major factor in creating the lingering culture of distrust. Our panel of experts explores new data applications and technologies that are making genuine securities transparency achievable, from high quality data and "married" datasets to the latest developments in data mining, technology, and modeling.

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

    Panelists
    •  Kathy Kelbaugh, VP, Senior Analyst, Moody's Investor Services
    •  Vanessa Moulin, Director, Credit Risk, Fannie Mae
    •  Curtis Over, COO, Global Financial Review Inc
    •  Susan Tobin, Managing Director, Redwood Trust
  • Managing Distressed Government Loans—FHA, VA No-Bids, SCRA
    Dealing with the flurry of new rules affecting treatment of distressed government loans is a major servicer challenge. Mandatory FHA Post-Sale Conveyance analysis—to reduce FHA loss severity—raises questions of field service, claims management and loss analysis. The Service Members Civil Relief Act (SCRA) requires processes to deal with preemptive portfolio audits, FHA Forbearance programs for unemployed borrowers, and more. Our panel examines how servicers can take steps to deal with the new rules painlessly.

    Moderator
    •  Trenton Staley, President, Global Financial Review Inc

    Panelists
    •  Robert Bodell, EVP, Mortgage Services III, LLC
    •  Matt Martin, Program Director, Loss Mitigation/National Service Center, HUD
    •  Kevin Osuna, VP, Default Services, Gateway Mortgage Group

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Tuesday Afternoon

Analytics and Technology Workshops

  • 12:30 - 2:30 PM

Track I: Capital Markets Solutions

12:30- 1:30 PM CoreLogic Bond Credit Ratings: Assessing Credit Risk in Uncertain Times
In times of economic uncertainty, credit assessments of distressed asset classes must rely not only on the projection of macro-economic variables, but additionally use scenario analysis to determine the import of deal specific event risk.
  • This talk will outline how CoreLogic Bond Ratings uses simulation analysis to assess to probability of bond impairment from changing home prices, and determines the sensitivity of this credit assessment to severe home price declines, interest rate shocks and deal specific event risk factors.
  • The talk will then shift to the analysis of the import of one particular deal participant, the servicer, on tranche value.
1:30 - 2:30 PM Analytic Incubator — Models that Drive our 'Back-end' Solutions
Ongoing problems in the U.S. housing market continue to impede economic recovery and the dislocation following the meltdown has been large—nearly 2 million foreclosures in 2010 and 2011 alone, with many more on the horizon given the size of the shadow inventory. This session explores key models that our clients are using to face these challenges. These models help determine the 'best' loss mitigation treatment for distressed loans or the 'best' exit strategy for a property (e.g., short sale, Deed-in-lieu, foreclosure auction, REO disposition).

Track II: Default Servicing and Technology Solutions -
Consent Order and Beyond

Consent Order and Beyond - This session will dive into the impact of regulatory changes to the Mortgage Servicing industry. How are you keeping up with the changes? Learn what you need to know now to ensure your organization stays ahead of these changes. We'll walk you through the default servicing reform timeline…step by step identifying key requirements, challenges and technology based solutions that will provide immediate impact to your organization.
12:30- 1:00 PM Third Party Management - New Processes and Procedures Required for Selecting and Monitoring Third-Parties
Challenges addressed:
  • Data and documentation access
  • Customer complaint process support
  • Compensation fee compliance management
  • Maintaining transparency, communication and consistency across all third party providers
  • Scorecard development
Management Information Systems- Technology and Process Definition
Challenges addressed:
  • Implementing a comprehensive process and technology plan
  • Integrating technology, data access and process
  • Resources and process for testing system accuracy
  • Limited expertise in defining metrics and analyzing data to make meaningful decisions
Mortgage Servicing
Challenges addressed:
  • Single Point of Contact Enablement (SPOC)
  • Communication and Operational Transparency
  • Process for comprehensive and consistent application of default servicing policy and procedures
1:00 - 1:30 PM 3rd Party Audit Review and Remediation
Challenges addressed:
  • Operational expertise and scale to conduct audits
  • Process to react to findings
  • Data and documentation
  • Cross functional technology
1:30 - 2:00 PM Managing Changing Valuation Guidelines
Challenges addressed:
  • Defining an Evaluation
  • Moving to an evaluation in the absence of guidelines
  • Servicer use of evaluations
  • Defining federally related transactions
2:00 - 2:30 PM MERS - Requires Appropriate Controls, Oversight and Transparency
Challenges addressed:
  • Processes and procedures for policy and requirement change management
  • MERS reconciliation and audit
  • Document management and QC
  • Addressing transparency requirements

 

Adjournment

  • 2:30 PM—RiskSummit 2012 Closes

For More Information
If you have any questions about RiskSummit 2012, please contact us by email 
or by calling (415) 536-3525.

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