Welcome to the Future

With the outline of a new market framework clearly emerging from the fog of uncertainty, the time is now for industry, government, and investment leaders to network face-to-face and explore how to build out that framework most effectively, innovatively, and advantageously.

RiskSummit 2014 gives you the unique opportunity to incorporate the expertise and experience of industry leaders in your approach to the new reality. Plan to be at the St. Regis Monarch Beach in Dana Point CA for three days of discovery, interaction, and relationship-building.

Keynote - Sallie Krawcheck

Sallie KrawcheckLegendary Wall St. executive/investor/analyst Sallie Krawcheck will keynote RiskSummit 2014, exploring how rethinking a few basic assumptions could renew our industry for this new world.

Past president of Global Wealth & Investment Management for Bank of America and CEO/chairman of Citi Global Wealth Management, Krawcheck—alone among senior Wall Street executives—reimbursed individual investor clients for a portion of losses incurred by poorly performing Citi and Bank of America products during the financial downturn.

Krawcheck has built a reputation for integrity and client focus. During the research scandals, Fortune Magazine called her “The Last Honest Analyst.” She has consistently been one of Forbes’ and Fortune’s “Most Powerful Women” in business and U.S. Banker’s top “Woman to Watch.” Past recipient of CNBC's “Business Leader of the Future Award,” she was one of Time’s “Global Business Influentials” and the World Economic Forum’s “Young Global Leaders.”

A native of Charleston, South Carolina, Krawcheck attended the University of North Carolina at Chapel Hill, graduating with honors in Journalism and Political Science. She went on to receive an MBA from Columbia University.

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RiskSummit 2014 Brochure

RiskSummit 2014 July 27th - July 29th

An Unrivaled Experience

RiskSummit has been an essential annual retreat for industry leaders for more than twenty years. Although organized into three tracks, each focused on current and future challenges facing key industry categories—investment, research/analytics, regulation/compliance—the event itself is wide open. Attend sessions/events at your discretion.

To learn more about RiskSummit 2014 and how to enjoy it, please click on the links below:


The RiskSummit 2014 registration price is $895. 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—the St. Regis nightly rate for RiskSummit 2014 attendees is $275 to $355, considerably less than normal rates. To get these rates, call the St. Regis Monarch Beach at (800) 722-1534 (and ask for the “CoreLogic RiskSummit 2014” rate) or go to the hotel’s online booking page.

* Southern California registrants exempt from hotel-stay requirement.

RiskSummit 2014 Fees 

We strongly recommend you register as early as possible:

Registration $895 (with special pricing for current CoreLogic clients—email for details)

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.

The St. Regis Monarch Beach 

RiskSummit 2014 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 


To receive the discounted room rates below, call the St. Regis Monarch Beach reservations at (800) 722-1543 and ask for the "CoreLogic RiskSummit 2014" rate or book your room online, which is available Sunday, July 27th through Wednesday, July 30th.

  • Garden and Resort View Rooms: $275 per night
  • Pool and Ocean View Rooms: $315 per night
  • Executive Suites: $355 per night

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 you’re coming from:

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

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 2014. For consideration, please send us an email.

More Information 

To learn more about RiskSummit 2014, please contact us by email or by calling (415) 536-3500.

Download Brochure

RiskSummit 2014 Brochure

RiskSummit 2014 July 27th - July 29th

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

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

The following list of PowerPoint PDFs includes all 2014 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.


Sunday, July 27th Schedule

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.

12:00 - 6:00 PM   Conference Registration
1:00 - 5:15 PM   Product/Analytics Sessions
Sunday: Track A    
1:00 PM   Look Beyond What You See—Using Consortium Data to Save the World from An Array of Collateral Risk

The data evolution continues as CoreLogic leads the industry with innovative data consortiums. Join this session to explore use cases for active consortiums that support origination, servicing and capital markets. Hear about CoreLogic's latest consortium, an industry-wide valuation data repository that will provide benchmarking, alert analysis and scorecards to lenders and AMCs to help them gain a broader perspective on their valuation quality and collateral risk. Topics to be addressed include:

  • More appraisals than ever are transferred in data format, fueling a dramatic rise in solutions that leverage the data for new applications
  • Like X-Ray vision, consortium appraisal data permits clients to look within a specific appraisal to see underlying hidden risks, uses, etc.
  • Learn how to save the world (and possibly even your portfolio) from collateral risk using never-before-seen benchmarking reports
  • Learn about the many applications of CondoSafe, data technology designed to identify condominium parcels and link them to condo projects.


  • Susan Allen, Vice President, Product Management/Mortgage Analytics
  • Jacqueline Doty, Vice President, Product Management/Collateral Solutions
  • Arlene Hyde, Senior Vice President/Mortgage Service
2:00 PM  

Property Valuation – Appraisers and Data and Scores …Oh My!
Making sense of appraisals, BPOs, AVMs, home price indexes and collateral risk scores

  • Best practices for the use of various collateral risk tools (AVMs, LoanSafe Collateral Manager™, etc.)
  • Usage based on input data and need
  • Choosing a provider without losing your mind


  • Susan Allen, Vice President, Product Management/Mortgage Analytics
  • Michael Bradley, PhD, Senior Vice President/Analytics
3:00 PM   Break
3:15 PM   A Deep Look into the CoreLogic Case-Shiller Indexes™ and the Next Generation of Repeat Sales Indexes
Join us for an engrossing discussion on the CoreLogic Case-Shiller Indexes, CoreLogic HPI™, and the next generation of the Real Estate Analytics Suite. Topics to be addressed include:
  • What are common and some specialty use cases of the Real Estate Analytics Suite?
  • How do the CoreLogic Case-Shiller Indexes compare, contrast, and supplement each other?
  • What's up next? How are hybrid hedonics shaping the next generation of repeat sales indices?
  • Julian Grey, VP/Credit Risk Products
  • Bin He, Principal Economist
  • David Stiff, Chief Economist/CoreLogic Case-Shiller
4:15 PM   How Vulnerable Are Your Investments? Modeling the Impacts of Natural Hazards
A look at the methodology behind modeling mortgage defaults due to natural hazard risks, including earthquake, hurricane, flood and super storm events. Natural catastrophe can potentially cause tremendous damage to a large number of properties and related infrastructure. This session will discuss methods to help to avoid:
  • Mortgage defaults due to uninsured perils, high deductibles and low levels of owner equity
  • Prolonged business interruption resulting in companies collapsing due to extended loss of income and rentals
  • Capital Market disruption
  • Kent David, Consultant, Spatial Solutions
  • Thomas Larsen, Product Architect, Spatial Solutions
Sunday: Track B    
1:00 PM   New Sources of Mortgage Risk Analytics
This panel session will focus on trends in configurable data applications and professional services engagements managed by CoreLogic Advisory Services. Topics to be addressed include solutions to:
  • Recent trends in mortgage servicing transfers
  • Pending regulatory requirements
  • Data-driven efficiencies to assist lenders in a changing business landscape.
  • Dillon Vestal, Senior Director/Advisory Services
  • Tony Atkins, Senior Consultant/Advisory Services
  • Kay Creger, Senior Consultant/Advisory Services
  • Jack Schreiber, Senior Manager/Advisory Services
2:00 PM   Today's Special – Acronym Soup: STACR, CAS and CCAR Emulsified
Discussion on advancements in agency risk modeling and its bifurcated applications. This session will cover:
  • An overview of the agency credit risk sharing market
  • Introduction to agency credit and prepayment modeling
  • Custom calibration to agency buy-back behavior
  • CCAR, stress-testing requirements and implications
  • Model sensitivity to home price indexes and innovative approaches to adjusting for unemployment
  • Chao Cong, Principal Economist
  • Michael Saccento, Director, Product Management/Predictive Analytics
3:00 PM   Break
3:15 PM   Data Solutions and Risk Analytics Flash Presentations
CoreLogic offers industry leading robust sets of data assets and analytics tools; contemplating the depth and breadth of application of these assets can be formidable. During this session, CoreLogic data and risk analytics experts will demystify these solutions and provide a series of succinct presentations covering data assets, and predictive and performance risk management analytics solutions available through CoreLogic. Topics to be addressed include:
  • Predictive Analytics: Propensity to obtain a purchase mortgage
  • Exploring the Correlation of Loan Purpose and Default Risk
  • Monitoring and Evaluating Hidden Mortgage Risk Using Credit Data
  • Leslie Meyer, Senior Director, Product Management/Data Solutions
  • Vi Nhan, Senior Operations Manager/Credit Risk Products
  • Liang Tian, PhD, Principal Scientist/Analytics
  • Liang Wei, PhD, Senior Director/Analytics
4:15 PM   Leveraging Robust CoreLogic Data Assets to Facilitate Decision- Making in Emerging Markets, such as Cash and Investor Sales and Residential REITs
In this session, our presenters explore how CoreLogic data assets can be leveraged to meet the needs of emerging market segments. In particular, this session will address:
  • CoreLogic data assets: depth and breadth of data
  • Cash and investor sales: data, assumptions, and business applications
  • Residential REITs: hedge investments strategies and the underlying granular data
  • Molly Boesel, Senior Economist
  • Matthias Blume, Senior Director/Analytics
5:15 PM   Sessions Conclude
7:00 - 9:30 PM   Opening Reception and Dinner

Download Brochure

RiskSummit 2014 Brochure

RiskSummit 2014 July 27th - July 29th

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

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

The following list of PowerPoint PDFs includes all 2014 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.


Monday, July 28th Schedule

7:00 AM   Breakfast
8:00 – 8:15 AM   Welcoming/opening remarks:
•  Anand Nallathambi, President and Chief Executive Officer
•  Olumide Soroye, Managing Director, CoreLogic Information Solutions
8:15 – 9:15 AM   Keynote: Sallie Krawcheck, Wall Street Strategist
9:15 – 10:00 AM   The Economic Outlook: Mark Fleming, PhD, CoreLogic Chief Economist

Monday Track Sessions (10:10 – 11:00 AM and 11:10 – 12:00 PM)

Monday Investor Track

10:10 – 11:00 AM  

RMBS and Whole Loan Issuance—Execution Drives the Bus
Whole loan transactions continue to dominate trading after a year of spotty nonagency RMBS issuance. Some nonagency deals are reaching the market but lead time is slow and arduous, plus the economics make transactions difficult. What will it take for the economics to make sense? As an example, we are seeing a pattern of warehouse lines reaching capacity and forcing transactions to make space for future funding needs. Our panel weighs the current market dynamics in play.

•  Brendan Keane, Managing Director, Head of Structured Finance Solutions, Sterne Agee

•  Vandy Fartaj, Chief Capital Markets Officer, PennyMac Financial Services Inc.
•  Luke Scolastico, Director, Credit Suisse
•  Karl Weiss, Vice President/Residential Capital Markets, Redwood Trust

11:10 AM – 12:00 PM  

Defaulted Asset Disposition—Opportunity Ending or Just Beginning?
Foreclosures continue to drop but make no mistake; NPLs are still there and still robust at 50,000 per month. With interest rates up and some flattening of home values, the move up market appears to be anemic. Some say returns are still attractive while others say they are diminished and margins are tight. Which disposition strategies are working best in the market? How will your foreclosure, REO-to-Rental, whole loan, or securitized pool-optimized strategies play out, given their performance in the past year? Factoring in likely probabilities, which track should you take—foreclosure, selling short, or retaining and renting? Our panel of experts helps you sort it out using today's hottest strategies.

•  Trenton Staley, President/CEO, Global Financial Review, Inc.

•  Jim Fratangelo, Managing Director, Asset Recovery Companies
•  Wes Iseley, Senior Managing Director, Carrington Mortgage Holdings
•  David Lee, SVP/Federal Business Development, Matt Martin Real Estate Management
•  Emmelene Lee, SVP/Financial Institutions Group, Houlihan Lokey
•  David Wells, Senior Capital Markets Specialist, FDIC

Monday Research and Analytics Track

10:10 – 11:00 AM  

SFR Securitization—Where Are The Big Players Finding Value?
Single-family rental securitization continues to grow and draw market focus. It’s no longer a cottage industry. These securitizations are certainly providing liquidity—and there appears to be plenty of supply—but questions remain. How can new investors be attracted? What acquisition strategies are working best in buying assets and converting them to rental properties? Does the market need a database to increase transparency? What factors are most critical in creating the deal? Our panel of REO and SFR experts probes these and other questions—and explores possible impacts the answers could have on your own rental property portfolio.

•  Phillip Comeau, President & CEO, Phillip E. Comeau Company, Inc.

•  Dennis Cisterna, Managing Director, First Key Lending LLC
•  Brian Grow, Managing Director—RMBS, Morningstar Credit Ratings, LLC
•  Ryan Stark, Managing Director/Structured Credit Group, Deutsche Bank Securities

11:10 AM – 12:00 PM  

Where O Where is the Home Buyer—Impediments to Home Sales Growth in the Current Market
The farther in time we get from the housing meltdown and financial crisis, the more certainty is returning to the market. The economy continues to move forward, quantitative easing is fading, the housing market continues to gain momentum—and we are settling into a clear new normal. Looking closely at housing prices, performance, and production data, this panel discusses this new normal, how we got here, and what’s likely to happen in the latter half of 2014.

•  Mark Fleming, PhD, Chief Economist, CoreLogic

•  Chris Flanagan, Managing Director/Head of US Mortgage & Structured Finance Research, Bank of America Merrill Lynch Global Research
•  Laurie Goodman, Center Director/Housing Finance Policy Center, Urban Institute
•  Dick Kazarian, Managing Director of Research, Shellpoint Partners
•  Frank Nothaft, Chief Economist, Freddie Mac
•  Christopher Whalen, Senior Managing Director, Kroll Bond Rating Agency, Inc.

Monday Regulatory and Compliance Track

10:10 – 11:00 AM  

GSEs—What’s Next? A Return to Private Capital or More of the Same? 
The role of the GSEs appears to be stable for now, but many questions remain. How will the market react to reduced loan limits?  How will the new FHFA leadership governing oversight of the GSEs affect G-fees? Will the GSEs continue with credit risk sharing issuance (STACR/CASS)? If so at what level? GSE reform and the cumulative impact of “layered” regulations like QM, QRM, RESPA, and the National Servicing Settlement Act have left many to wonder which rule trumps which. Most stakeholders agree that private capital is critical for a healthy market—but what are the realities? Which incentives could back a private securitization market while rationally reducing the government footprint? With a wide array of opinion represented, our panel of industry leaders explores possible outcomes and what they could mean to you.

•  Faith Schwartz, SVP/Government Solutions, CoreLogic

•  Mark Hanson, SVP/Securitization, Freddie Mac
•  Laurie Maggiano, Servicing & Secondary Markets Program Manager, Consumer Financial Protection Bureau 
•  Renee Schultz, SVP/Capital Markets, Fannie Mae
•  Theodore Tozer, President, Ginnie Mae

11:10 AM – 12:00 PM  

To QM or not to QM—Is Everyone Playing Nicely?
The regulator-defined Qualified Mortgage (QM) rules are in place and audits have begun. Are lenders just going with the flow or are they revisiting their workflows and strategies around collateral, valuation, and borrower risk to gain competitive advantage? As we move through the audit and potential penalty phases, many “what did I miss?” anxieties remain. While some now operate solely within the QM parameters—and industry analysts see no movement to larger scale non-QM production—there is strong evidence that some originators are considering high-margin “nonprime, nonagency” mortgage loans. Will non-QM lending boost nonagency issuance? Who are the non-QM players and what are they originating? Is there a necessary exit strategy? Our panel of experts weighs the pros and cons of current market dynamics—and the likely impact they will have on originators, issuers, servicers, and investors.

•  Stephen Ornstein, Partner, Alston & Bird LLP

•  Peter Carroll, SVP/Capital Markets, Wells Fargo
•  Chris Haspel, Partner/Head of Capital Markets, Fenway Summer
•  J. Michael Kime, Chief Operating Officer, WJ Bradley Mortgage Capital, LLC

12:00 – 1:00 PM   Deli Lunch (box lunches for golfers provided at course)
1:00 – 5:00 PM   Networking and Outside Activities
7:00 – 10:00 PM   Reception, Dinner and Monte Carlo Activities

Download Brochure

RiskSummit 2014 Brochure

RiskSummit 2014 July 27th - July 29th

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

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

The following list of PowerPoint PDFs includes all 2014 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.


Tuesday, July 29th Schedule

7:30 AM   Breakfast
8:30 – 9:15 AM  

Let's Hear It From the Researchers
A perennial favorite among past attendees, top analysts draw on the latest research and market trends to mount 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.

•  Sam Khater, Principal Economist, CoreLogic

•  Chris Flanagan, Managing Director/Head of US Mortgage & Structured Finance Research, Bank of America Merrill Lynch Global Research
•  Laurie Goodman, Center Director/Housing Finance Policy Center, Urban Institute
•  Dick Kazarian, Managing Director of Research, Shellpoint Partners
•  Christopher Whalen, Senior Managing Director & Head of Research, Kroll Bond Rating Agency

9:15 – 10:00 AM  

Let's Hear It From the Traders
Hold on to your hat! 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 what might be just around the corner.

•  Patrick Bassett, SVP/Corporate Trust, Wells Fargo

•  Vandy Fartaj, Chief Capital Markets Officer, PennyMac Financial Services, Inc.
•  Dave Reedy, SVP/Head of Whole Loan Trading, Ranieri Partners Management LLC
•  Vanessa Resnick, Director/Whole Loan Trading, Credit Suisse
•  Karl Weiss, Vice President/Residential Capital Markets, Redwood Trust


Tuesday Track Sessions (10:10 – 11:00 AM and 11:10 – 12:00 PM)

Tuesday Investor Track

10:10 - 11:00 AM  

Originating in a Purchase Market—Who’s on Firsts? Who’s on Seconds?
The market has shifted to normal purchase mode with lenders predictably downsizing. But opportunity remains. Which products are gaining favor given current interest rates and valuations? How will upcoming resets affect the market? Is there something to be learned from the experience of credit unions and even community banks who own the majority of purchase transactions? Are we looking at another “Back to the Future?” Is FHFA the Loan Ranger in subprime? How about home equity—is it the next big product or problem? Is this how low-coupon, credit-worthy borrowers will extract equity in the near future? Does it increase duration on the first lien? Our panel discusses the impact of current developments on traditional lenders, correspondents, conduits, and investors with a purchasing arm.

•  Steve Stein, SVP/Client Strategy, CoreLogic

•  Michael Lyon, VP/Mortgage Operations, Quicken Loans
•  Rudy Orman, SVP/Director of Marketing & Business Development, Residential Credit Solutions Inc.
•  Jeffrey Walker, EVP/Consumer Direct National Production Manager, SunTrust Mortgage
•  Jason Williams, Managing Director/U.S. Principal Acquisition and Specialty Finance, Credigy

11:10 – 12:00 PM  

MSRs—Closing the Door or Opening a New Window?
MSRs became big news in 2012-2013 and will continue to be in 2014. Some think the larger opportunity has already passed them by. But current multiples being paid still offer great opportunity for smart investors. What drives the retention vs. sell decision? What role does analytics play in measuring and/or managing duration risk? Will regulators impact the market—since a number of buyers are non-banks, large hedge funds, and REITs? Can savvy smaller investors stay in the mix? What strategy should you follow? Join our expert panel in exploring current market implications.

•  Tony Atkins, Senior Consultant/Advisory Services, CoreLogic

•  Douglas Bendt, Director, Deutsche Bank
•  Michael Drayne, SVP/Office of Issuer & Portfolio Management, Ginnie Mae
•  Joseph DeDominicis, Managing Director, zIngenuity, Inc.
•  Michael Lau, CEO, Pingora

Tuesday Research and Analytics Track

10:10 - 11:00 AM  

Securities Portfolio Management—Dealing with Duration and Residual Warrant Risk
New issuance contains both implicit and inherent risk to sellers and buyers. How has credit and risk assessment changed with the multiple new standards? How do you manage a portfolio with residual warrant risk embedded in every loan you sell? How does valuation provide simultaneous assurance and risk? How have the rating agencies responded to the new status quo? Hear representatives of companies and rating agencies discuss their securitization practices in the new regulatory environment.

•  Mimi Grotto, Managing Director, Mission Capital

•  Randy Appleyard, Director/Portfolio Manager, BlackRock Solutions
•  Cameron Beane, Director/Secondary Markets, EverBank
•  Mark Hughes, SVP/Review Services, LenderLive Network, Inc.
•  Sharif Mahdavian, Managing Director/Structured Finance—RMBS, Standard & Poor's Ratings Services

11:10 – 12:00 PM  

Risk Modeling—Expanding the Credit Envelope
As we move through 2014, we face a smaller mortgage marketplace than those of recent years, with new demands fueled by diverse demographics and tighter credit criteria. One way to be certain you avoid mortgage risk is not to originate any loans, but this exposes you to another certainty: lost opportunities. The trick is to leverage great data and cutting-edge analytics to expand the credit envelope and/or attract new borrowers. So what are lenders and others doing to make this happen? This panel will examine ways institutions are using analytics to push the credit envelope and the tools they are using to retain existing borrowers and attract new ones.

•  Michael Bradley, SVP/Decision Analysis & Research Team (DART), CoreLogic

•  Kin Chung, Chief Credit Officer, Ethos Lending
•  Ralph DeFranco, Senior Director of Risk Analytics and Pricing, Arch Mortgage Insurance Company
•  Kyran Huebl, SVP/Portfolio Analytics, Pingora Asset Management
•  David Zhang, Managing Director/Fixed Income, Credit Suisse

Tuesday Regulatory and Compliance Track

10:10 - 11:00 AM  

Lien Perfection and Document Archival—CYA (Covering Your Assets)
With CFPB audits now a fact and the potential for fines and litigation becoming clear, lenders and servicers face critical challenges to the right to foreclose, the right to process a BK file, the need to have investor documentation prepared for MSR or other asset sales. Add responsibility for satisfying or rebutting repurchase requests based on origination defects many years past the origination date—and risk mitigation becomes critical to success. What are the best practices to implement? What dangerous pitfalls exist in hedging your exposure? Hear from lenders and servicers who understand both these risks and the operational excellence required for compliance while generating growth opportunities.

•  Linda Shreeves, Senior Corporate Counsel, CoreLogic

•  Mitchell Hochberg, General Counsel, Ethos Lending
•  Stephen Ornstein, Partner, Alston & Bird LLP
•  Arash Sotoodehnia, Head of Risk Policy & Controls, CitiMortgage
•  Rebecca Steele, CEO/President, Steele Advisory & Services, LLC

11:10 – 12:00 PM  

Servicing Distressed Government Loans—What Are The New Strategies for 2014
Given changes in the terms of many government loans—FHA, VA, No Bids, SCRA—the risks associated with servicing distressed assets have evolved in subtle but significant ways. Protocols—like the SCRA's built-in forbearance for certain armed services members—and other changes are forcing servicers to revisit and update their current distressed-mortgage strategies. Are VA No-Bids on anyone’s radar? Our panel of experts reviews the impact of these new risks—from both government and servicer perspectives—and explores effective alternate servicing strategies.

•  Rebecca Steele, CEO/President, Steele Advisory & Services, LLC

•  Steven Horne, CEO & President, Wingspan Portfolio Advisors
•  David Schneider, EVP/Business Development, Green Tree Servicing LLC
•  Matt Slonaker, SVP/Institutional Business, Carrington Mortgage Holdings
•  Michael Trickey, Managing Director, Berkshire Group LP

12:00 PM   Lunch and Hotel Check Out
1:00 - 3:00 PM   Product/Analytics Sessions
Tuesday: Track A    
1:00 PM   Loan Mods: Hard to Ignore, Difficult to Model
Like it or not, loan mods are here to stay, comprising 35% of active Non-agency RMBS universe. This session will cover evolving approaches in default and severity modeling to quantify the impact of past and future loan modifications. Session highlights include:
  • Overview of Loan Modifications and their performance
  • Modeling payment shocks for modified loans
  • Review of Agency Mod sub-model surveillance
  • Functionality to forecast future mods
  • Advancements in Non-agency loan modification modeling
  • Dawn Dlouhy, Senior Technical Product Specialist/Capital Markets
  • Liang Wei, Senior Director/Analytics
2:00 PM   House Price Forecasting and Simulation
There are a variety of ways to forecast house prices, each having specific advantages and weaknesses. In this section, we review the various methods and implications of each on important applications such as CCAR and capital adequacy.
  • Centering the plumb for house-price simulations: How do different forecasting methods modify the center of the simulated plumb?
  • Where should the house-price plumb be centered for different business applications? And how is this determination made?
  • What are Market Condition Indicators and how can they inform these business decisions?
  • What are the advantages of simulation versus scenario analysis and how does this answer depend on business application?
  • Michael Bradley, PhD, Senior Vice President/Analytics
  • Mark Liu, Principal Economist
Tuesday: Track B    
1:00 PM   Borrower Risk: Looking Beyond Credit, Fraud and Collateral
There are numerous studies on borrowers regarding credit risk, fraud risk, and collateral risks. In this section we combine CoreLogic unique data sets to study other sides of borrower risks:
  • Tax delinquency risks: What kinds of non-escrowed borrowers are more likely to be delinquent on taxes? What actions can be taken to reduce risks?
  • Flood Insurance Premium Rate Hike: FEMA is considering removing flood insurance subsidies to homeowners at the flood zone. How does the potential hike on rate premium affect borrowers? What kinds of borrowers will be more likely to default? What's the impact on loan loss reserve/net credit loss?
  • Michael Bradley, PhD, Senior Vice President/Analytics
  • Mark Liu, Principal Economist
2:00 PM   Income Inequality and Real Estate Tail Risk
In this session, we explore how growing income inequality has affected real estate, the role real estate has played in this cycle, and the types of tail risk this may entail. In particular, this session will address:
  • Whether rent-to-income ratios are rising to untenable levels in some areas and where this may lead in the future.
  • Consequences of lending criteria, rising home prices, and rising interest rates for homeownership, mobility, and mortgage origination volume.
  • Ongoing changes in real estate dynamics that may increase the risk of unlikely but severe events for lenders or real estate investors.
  • Matthias Blume, Senior Director/ Analytics
  • Sam Khater, Principal Economist
3:00 PM   End of Conference

Download Brochure

RiskSummit 2014 Brochure

RiskSummit 2014 July 27th - July 29th