Navigating the New Normal

As the economy lifts, quantitative easing fades, and the housing market gains strength, regulatory and political confusion plagues the emerging mortgage marketplace. Everyone—from issuers to investors, bankers to originators, servicers to regulators—is playing a frustrating guessing game about simply how to conduct business.

RiskSummit 2015 will put you at the apex of industry discussion on cutting through this confusion to spot the most effective and trustworthy solutions. Plan to join industry, academic, and government leaders at the St. Regis Monarch Beach in Dana Point CA on July 26th for three exciting days of undergrowth clearing, relationship building, and problem solving.

RiskSummit 2015 Keynoters—Three Leading Economists

This year’s RiskSummit keynote speakers have the credentials and expertise to provide both theoretical and real-world answers to questions such as what economic principles underlie the “new normal” mortgage environment, and what guideposts can you follow.

Robert ShillerMark ZandiEdward Glaeser

Keynoters (left to right):

  • Robert Shiller, 2013 Nobel Laureate in Economics and co-creator of the repeat-sales model behind the nation’s leading home price indexes
  • Mark Zandi, widely respected chief economist at Moody’s Analytics
  • Edward Glaeser, Harvard economics professor and a leading urban economist

These three experts will explore the current market moment—focusing on the impact of post-recession duress on mortgage finance, the thinking behind resulting mortgage policies, and the real risks and benefits of government efforts to restore industry stability and growth.

Their joint RiskSummit 2015 keynote will provide actionable insight into the principles and guideposts you need to manage the policies, politics, and dynamics of the emerging market.       

2015 RiskSummit - July 26-28

An Unrivaled Experience

RiskSummit has been an essential annual retreat for industry leaders for more than two decades, enabling them to meet informally in a collegial atmosphere to analyze the current marketplace and debate its likely future direction. This year’s RiskSummit is divided into three areas of focus—mortgage, capital markets and insurance—although the event itself is wide open for attendees. Choose sessions/events at your discretion and get to know whatever and whomever you want.

To learn more about RiskSummit 2015 and how to enjoy it, please click on the links below:

Registration 

The RiskSummit 2015 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 2015 attendees is $265 to $515, considerably less than normal rates. To get these rates, call the St. Regis Monarch Beach at (800) 722-1543 (ask for the CoreLogic RiskSummit 2015 rate) or go to the hotel’s online booking page.

* Southern California registrants exempt from hotel-stay requirement.

RiskSummit 2015 Fees 

We strongly recommend you register as early as possible:

Registration $895 (ask us about special customer pricing)

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 2015 is once again at this exclusive coastal resort, a charming, relaxing retreat 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 award-winning, ocean-view restaurants.

Hotel and Travel 

RiskSummit Hotel Discount

The St. Regis Monarch Beach is offering the following room rates to RiskSummit 2015 attendees—available Sunday, July 26th through Wednesday, July 29th:

  • Garden and Resort View Rooms: $285
  • Pool and Ocean View Rooms: $315
  • Executive Suites: $355
  • St. Regis Suites: $525

Please call (800) 722-1534 and ask for the CoreLogic RiskSummit 2015 rate or go to the hotel’s online booking page.

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 2015. For consideration, please send us an email.

More Information 

To learn more about RiskSummit 2015, please contact us by email or by calling (415) 536-3500.

2015 RiskSummit - July 26-28

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 2015 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 26th Schedule

We urge you to arrive early for this year's event to attend sessions on the latest CoreLogic solutions—featuring additions to, developments of, and uses for our most sophisticated products and analytics, designed to help you manage the new normal successfully.

Hosted by business and technical experts, these capsule presentations will update you on innovations and product enhancements that address important current industry needs. It’s also a great opportunity to sit down with product specialists to get answers to your specific questions and to discuss your needs In person with your account manager.

In addition to the Sunday afternoon sessions, we will present two product/analytics sessions Tuesday afternoon.

12:00 – 6:00 PM   Conference Registration
1:00 – 5:15 PM   Products/Analytics Sessions
Sunday: Track A   Track Moderator: Julian Grey
1:00 – 1:45 PM   Big Data, Broad Applications: Going Outside the Box with Public Records Data

From connecting multiple properties to a single borrower to identifying the best time to offer a consumer a home equity loan, public records data is at the “core” of many of our industry solutions. Join senior leaders from the CoreLogic product management organization as they provide insight into the breadth of these invaluable data assets and explore their extensive applications.

•  Leslie Meyer - Senior Director, Product Management
•  Randy Wussler - Vice President, Product Management

1:50 – 2:35 PM   Perfecting Your Perfected Lien Strategy

In this session, members of our Advisory Services and Product teams discuss advancements in technology that have enabled progressive lenders to regularly monitor their portfolio for risks that evolve subsequent to the point of origination. These improvements in automated monitoring have made it possible to quickly notify mortgage holders, perfected by a lien, if their position has been subordinated, how leveraged a borrower is or if significant retention risk exists.

•  Dillon Vestal - Vice President, Advisory Services
•  John Graham - Senior Consultant, Advisory Services
•  Randy Wussler - Vice President, Product Management
•  Angela Baljeu - Director, Product Management

2:40 – 3:25 PM   Know Your Portfolio - Actively Managing Your Compliance Risk

In this session, we turn to our compliance experts to cover approaches for addressing traditional areas such as HMDA and SCRA audit reviews. In addition, learn how similar techniques can be applied to mitigate risks associated with MSR transfers and “silent” HOA liens, where a single loan can have serious financial implications.

•  Matt Heidenreiter - Vice President, Operations
•  Sapan Bafna - Vice President, Operations

3:25 – 3:40 PM   BREAK
3:40 – 4:25 PM   Creating More Value From Your Transaction Analytics

Industry-standard tools such as appraisal reviews and other transaction level analytics are an origination cost you can’t afford to live without; why not maximize their value? In this session, CoreLogic SVP, Susan Allen, demonstrates how to expand the application of transaction level results to identify risks and reach the full potential of your existing 3rd party services.

•  Susan Allen - Senior Vice President, Product Management
•  Jacquie Doty - Vice President, Product Management

4:30 – 5:15 PM   Backstopping Your Real Estate Portfolio With the Right Coverage

Determining coverage limits for your real estate portfolio is a balancing act that you can’t afford to get wrong. Excessive premiums can limit your growth potential while understated coverage estimates can cripple if not doom your business when the inevitable “rainy-day” arrives. Are you confident that your insurance premium dollars are allocated across your portfolio according to probability of hazard loss and cost to rebuild should such a tail event occur? Join our Insurance experts as they demonstrate how CoreLogic can help achieve that confidence through a combination of capabilities including component-based reconstruction cost estimates, hazard risk assessment, and the propensity of a looming catastrophe.

•  Cory Payne - Senior Director, Spatial Solutions Products
•  Howard Botts – Vice President and Chief Scientist, Spatial Analytics

Sunday: Track B   Track Moderator: Michael Bradley
1:00 – 1:45 PM   A Hierarchy of Obligations – Ranking Payment Priorities Using Consumer Credit Data

Evaluating credit and prepayment risk requires a comprehensive view of a borrower's liabilities and credit activity. Hear from CoreLogic and Transunion product specialists as they demonstrate how a consumer’s non-mortgage credit behavior can help predict future mortgage performance, plus learn how combining key data assets can help create transparency into the evolving risk of your portfolio.

•  Magali Courbage, Senior Product Manager
•  Michael Lim, Senior Director, Financial Services Analytics (Transunion)

1:50 – 2:35 PM   The New Prime Jumbo – Non-Conventional Mortgage Trends and Modeling Techniques

With non-QM lending on the rise and the return of private-label securitization in sight, participants in the non-conventional mortgage segment are in search of experience to assess the risks of unqualified mortgages. Join our risk modeling experts as they explore recent trends, examine key modeling variables such as DTI, assess the impact of unemployment rates, and compare the performance of loans held for investment with those sold to the secondary market in this session that covers all things prime jumbo.

•  Chao Cong, Senior Director, Product Management
•  Liang Wei, Senior Director, Analytics

2:40 – 3:25 PM   High-Resolution Housing Analytics – Individually Unique, Together Complete

Few dispute the fact that home price risk is local, yet still highly correlated to neighboring and broader geographies. Our quantitative experts will validate this view and discuss the range of analytical approaches employed by market participants to measure home price risk, including the potential limitations of specific methodologies. Participants will leave this session with a better understanding of spatial spillover effects and ultimately how to bridge the gap between property-level price risk and market-level trends.

•  Linda Ladner, Vice President, Product Management
•  Mark Liu, Vice President, Analytics
•  David Stiff, Senior Principal Economist

3:25 – 3:40 PM   BREAK
3:40 – 4:25 PM   Fueling Your Investment Strategy – The Evolution of Loan Performance Data

Considered a major differentiator for informing your mortgage investment strategy, loan-level performance data has evolved from a valuable asset realized by only the few to an industry-standard harnessed by the many. To better understand this evolution, CoreLogic VP of Capital Markets, Dave Hurt, turns to a panel of experts who were early advocates of the data’s applications and have continually developed new approaches to draw insights from it to maintain their competitive advantage.

•  Dave Hurt – Vice President, Capital Markets (moderator)
•  Scott Gimpel – Managing Partner, Webbs Hill Advisors, LLC (panelist)
•  Scott Thomas - Executive Director, Senior Research Analyst, JP Morgan Chase (panelist)
•  Wei Wang – President, WeiCepts, LLC (panelist)

4:30 – 5:15 PM   The Downward Pressures of Home Affordability

Low inventories have been a catalyst for the rapid appreciation of home prices, particularly for lower priced segments. Coupled with an impending rate increase and the scarcity of credit, prospective buyers have found themselves in a perfect storm that is impeding home affordability. Our Deputy Chief Economist, Sam Khater weighs the impacts of these corroborating factors and takes a view on how long this seller’s market will last.

•  Sam Khater, Vice President and Deputy Chief Economist

7:00 – 9:30 PM   Opening Reception and Dinner

2015 RiskSummit - July 26-28

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 2015 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 27th Schedule

7:00 AM   Breakfast and Conference Registration
8:00 – 8:15 AM   Welcome Address & Opening Remarks
•  Anand Nallathambi, President and Chief Executive Officer, CoreLogic

8:15 – 8:45 AM   Keynote

Moderator
•  Frank Nothaft, PhD, Chief Economist, CoreLogic

Keynote Speaker
•  Robert Shiller, Nobel Laureate
8:45 – 9:15 AM   Keynote

Moderator
•  Faith Schwartz, Senior Vice President, Government Affairs, CoreLogic

Keynote Speakers
•  Edward Glaeser, Fred and Eleanor Glimp Professor of Economics, Harvard University
•  Mark Zandi, Chief Economist, Moody's Analytics
9:15 – 10:00 AM   2015 Mid-Year Economic Outlook
•  Frank Nothaft, PhD, Chief Economist, CoreLogic
 

Monday Mortgage and Capital Markets Track

10:10 – 11:00 AM  

RMBS, Whole Loans and MSRs—Execution Still Drives the Bus
Whole loan transactions continue to dominate trading after yet another year of spotty non-agency RMBS issuance. We’re seeing more players in the correspondent channel, which is driving the front end of the market and perhaps a deeper secondary market. In lieu of a robust private-label RMBS market, the appetite continues for smaller private placements and whole loan sales. What impact is this having on debt servicing, real incomes, returns, and multi-borrower financing for SFR? Our panel of experts weighs the current market dynamics in play.

Moderator
•  Philip Rasori, Chief Operating Officer, MCT Trading

Panelists
•  Cameron Beane, Director - Secondary Markets, EverBank
•  Vandy Fartaj, Chief Capital Markets Officer, PennyMac Financial Services, Inc
•  Luke Scolastico, Director, Credit Suisse
•  Karl Weiss, Vice President - Residential Capital Markets, Redwood Trust

10:10 – 11:00 AM  

GSEs—Evolving with the Market vs. Crowding Out Private Capital
Despite the unsettled world of the GSEs, the present environment appears to be stable. But many questions remain. Where are G-fees heading? 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 wondering which rule trumps which. Most stakeholders agree that private capital is critical for a healthy market—but what are the realities and political implications? Our panel of industry leaders, representing a wide array of opinion, explores possible outcomes and what they could mean to you.

Co-Moderators
•  Andrew Davidson, President, Andrew Davidson & Co
•  Faith Schwartz, Senior Vice President - Government Affairs, CoreLogic

Panelists
•  Mark Hanson, Senior Vice President - Securitization, FreddieMac
•  Saul Sanders, Co-Chief Executive Officer, Shellpoint Partners, LLC
•  Renee Schultz, Senior Vice President - Capital Markets,
Fannie Mae
•  Theodore Tozer, President, Ginnie Mae

11:10 AM – 12:00 PM  

Housing Econometrics: Is There a Bubble in our Future?
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, and the housing market continues to gain momentum—we are settling into a clear new normal. Looking closely at housing prices, performance, production data, and buy vs. rent analytics, this panel of experts evaluates current opportunities and what’s likely to happen in the second half of 2015.

Moderator
•  Sam Khater, Vice President and Deputy Chief Economist, CoreLogic

Panelists
•  David Berson, Senior Vice President & Chief Economist, Nationwide Insurance
•  Christopher 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
•  Christopher Whalen, Senior Managing Director, Kroll Bond Rating Agency, Inc

11:10 AM – 12:00 PM  

Here comes TRID and HMDA Change – Leveraging Data to Get In Front of Housing Regulatory Requirements
Many say our industry has reached the inflection point in understanding the impact and potential penalties with the complex and sometimes overlapping regulations which face originators and servicers. However, with the upcoming introduction of changes required through TRID and HMDA, we bring together a panel of experts to discuss potential impact of these new requirements, the impact of ongoing requirements, and the investment of people and technology required to stay compliant.

Moderator
•  Toni Moss, Chief Executive Officer, AmeriCatalyst LLC/EuroCatalyst BV

Panelists
•  Mitchell Hochberg, General Counsel, Ethos Lending
•  Laurie Maggiano, Servicing & Secondary Markets Program Manager, Consumer Financial Protection Bureau
•  Benjamin Olson, Partner, BuckleySandler LLP
•  Kathleen Zadareky, Deputy Assistant Secretary - Single Family Housing, Department of Housing and Urban Development

Monday Insurance Track

10:10 – 11:00 AM  

Understanding and Managing Natural Hazard Risks
Natural hazard disasters can cause personal and community injuries, business interruptions, and job losses that lead to—among other things—mortgage impairment. With extreme weather events increasing in frequency and severity, mortgage underwriting and insurance should help mitigate and manage the mushrooming impacts of natural hazard risk—but risk management systems designed for heavily regulated financial services may not adapt well to such change. Our expert panel explores new and emerging data and analytics tools designed to uncover and manage natural-hazard impairment risk—from short-term weather impacts to long-term climate change—efficiently and effectively.

Moderator
•  Lindene Patton, Global Head/Hazard Product Development, CoreLogic

Panelists
•  Scott Bernstein, President, Center for Neighborhood Technology
•  Susan Kulakowski, Founder, ChronoSpatial Data

11:10 – 12:00 PM  

The Macroeconomics of Valuation: Current Valuation Trends and the Potential Implications to the Insurance Industry
Changes in property market valuation affect the entire financial market ecosystem, especially insurance. Underwriting new policies, managing claims, assessing demand, understanding evolving economic risk—all require that property and casualty insurance professionals have an accurate understanding of what impact the broader property market is having on the level of property risk in their own portfolios. Evaluating this risk correctly depends on accurate data and trustworthy methods for assigning equivalence. Our panel of economists, valuation researchers, and industry experts unravels the broader economic trends affecting housing today and explores how to measure the implications for the insurance industry.

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 and Dinner

2015 RiskSummit - July 26-28

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 2015 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 28th Schedule

7:30 – 8:30 AM   Breakfast
8:30 AM – 5:30 PM   Insurance and Spatial Solutions Client Council
8:30 – 9:15 AM  

Let's Hear It From the Researchers
Top Wall Street 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, new players, new strategies, and new political landscapes emerge.

Moderator
•  Sam Khater, Vice President and Deputy Chief Economist, CoreLogic

Panelists
•  David Berson, Senior Vice President & Chief Economist, Nationwide Insurance
•  Christopher 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
•  Christopher Whalen, Senior Managing Director, Kroll Bond Rating Agency, Inc

9:15 – 10:00 AM  

Let's Hear It From the Traders
A free-wheeling, frank discussion by a panel of well-known trading floor movers and shakers, sharing their views about what's happening in the market. This panel will provide insights into best execution strategies; markets, and products to focus on in 2015 and beyond, and life under a regulatory blanket that constricts what many believe are untouched or unavailable opportunities.

Moderator
•  Patrick G Bassett, Senior Vice President - Corporate Trust, Wells Fargo Bank NA

Panelists
•  Peter Barkey, Senior Managing Director - Whole LoanTrading, Roosevelt Management Company
•  Michael Fallacara, Senior Managing Director, Fortress Investment Group LLC
•  Vandy Fartaj, Chief Capital Markets Officer, PennyMac Financial Services, Inc
•  Dave Reedy, Senior Vice President - Head of Whole Loan Trading, Ranieri Partners Management LLC
•  Vanessa Resnick, Director - Whole Loan Trading, Credit Suisse

 

Tuesday Mortgage and Capital Markets Track

10:10 – 11:00 AM  

Asset Improvement and Disposition—Sink, Swim, Rent or Exit?
Foreclosures continue to drop nationally—with regional exceptions—but NPL sales are still robust. Some say returns remain attractive while others insist they are diminished and margins are tight. Which disposition or hold strategies are currently working best in the market? Given most recent dispositions, how will your foreclosure, REO-to-Rental, whole loan, or securitized pool-optimized strategies likely play out? How about early modifications now coming of age—are they re-defaulting? Our panel of experts discusses current practices in managing delinquency, HUD premium cuts, FHA counseling, and more.

Moderator
•  Philip Comeau, President & Chief Executive Officer, Phillip E Comeau Company

Panelists
•  Randy Appleyard, Director - Portfolio Manager, BlackRock Solutions
•  Jim Fratangelo, Managing Director, Asset Recovery Companies
•  Wes Iseley, Senior Managing Director, Carrington Mortgage Holdings
•  David Wells, Senior Capital Markets Specialist, FDIC

10:10 – 11:00 AM  

Credit Availability: Why the Market Needs a Non-QM Channel for Growth
While many originators now operate solely within the QM parameters—and industry analysts see no movement to larger scale non-QM production—some originators are considering high-margin “non-prime, non-agency” mortgage loans. Will such non-QM lending boost non-agency issuance? What consumer groups are most affected? Millennials? First-time home buyers? A number of non-bank private equity/hedge funds currently appear to be moving away from the non-agency and non-QM space. Is this a trend or an anomaly? Our panel of experts weighs the pros and cons of current market dynamics—and their likely impacts on originators, issuers, servicers, and investors.

Moderator
•  Mimi Grotto, Managing Director, Mission Capital

Panelists
•  Michael Commaroto, President & Chief Executive Officer, Apollo Residential Mortgage, Inc
•  Leslie Gibin, Vice President - Client Risk Management, Arch Mortgage Insurance Company
•  Chris Haspel, Director, Promontory Financial Group, LLC
•   Stephen Ornstein, Partner, Alston & Bird LLP
•   Jason Williams, Managing Director - U.S. Principal Acquisition and Specialty Finance, Credigy

10:10 – 11:00 AM  

SFR Investing, Portfolio Management, and Securitization—Still on the Rise
Single-family rental acquisitions continue to expand, enabled by the inflow of new liquidity sources generated by recent securitizations. The market is ripe with opportunities as rental demand remains strong supplying predictable cash flow, while in tandem, home prices continue to rise securing the investment in the underlying asset. Our panel of industry experts will share their thoughts on the state of this attractive investment niche including evolving best practices in acquiring assets, converting them to rental properties, and managing the risks associated with tenant quality and asset depreciation.

Moderator
•  Kevin Dwyer, Senior Vice President - RMBS Ratings, Morningstar Credit Ratings, LLC

Panelists
•  Dennis Cisterna, Managing Director, FirstKey Lending, LLC
•  Benjamin Hellweg, Managing Partner, Home Partners of America
•  Gavin Kleinknecht, Managing Partner, Sylvan Road Capital LLC
•  Elizabeth O’Brien, President, Colony American Finance
•  Ryan Stark, Managing Director - Structured Credit Group, Deutsche Bank Securities

11:10 – 12:00 PM  

MSRs—Glacial Shift or Business as Usual?
Is the ongoing shift in servicing ownership and concentration good or bad for the MSR market? Do current multiples being paid offer great opportunities for smart investors? What are the drivers in retention vs. sell decisions? What role should analytics play in measuring and/or managing duration and valuation risk? How should you view valuation, hidden risks, and prepayment propensities? How are regulators affecting the market given the number of non-banks, large hedge funds, and REIT players? What are some of the best best-in-class strategies you should follow? Join our expert panel in dissecting the current MSR market.

Moderator
•  Michael Hood, Head of Strategy and Corporate Development, Fay Servicing

Panelists
•  Peter Barkey, Senior Managing Director - Whole LoanTrading, Roosevelt Management Company
•  Michael Lau, Chief Executive Officer, Pingora Asset Management
•  Toby Wells, Chief Financial Officer, Specialized Loan Servicing

11:10 – 12:00 PM  

Risk Modeling—Expanding the Credit Envelope
As we move through 2015, we face a smaller mortgage marketplace than in recent years, with new demands fueled by diverse demographics and tighter credit criteria. One way to be certain you avoid mortgage risk today is not to originate any loans, but then you face another certainty: lost opportunities. The trick is to leverage comprehensive 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 how institutions are using analytics to push the credit envelope—and what tools they use to retain existing borrowers and attract new ones.

Moderator
•  Michael Bradley, Senior Vice President - Decision Analysis & Research Team (DART), CoreLogic

Panelists
•  Ralph DeFranco, Senior Director - Economics & Modeling, Arch Mortgage Insurance Company
•  Kyran Huebl, Senior Vice President – Portfolio Analytics, Pingora Asset Management
•  Naa Awaa Tagoe, Senior Associate Director, Federal Housing Finance Agency
•  David Zhang, Managing Director - Fixed Income, Credit Suisse

11:10 – 12:00 PM  

Origination Strategies—What’s the Right Mix of Channel, Price, and Product?
While the market has shifted to more purchase transactions, MIP cuts and rising home prices are providing both refinance and home equity borrowing opportunities. Production channels are seeing increased volumes of FHA streamlines and other refinances. What is the impact by channel, price, and product mix? Is it safe to go back in the water with brokers and correspondents? How are lenders protecting themselves against buybacks, fallout, and impairment? Our panel of hands-on lenders will discuss the current developments and best practices affecting traditional lenders, correspondents, conduits, and investors with an originating or purchasing division.

Moderator
•  Steve Stein, Senior Vice President - Market & Client Strategy, CoreLogic

Panelists
•  Michael Fallacara, Senior Managing Director, Fortress Investment Group LLC
•  Michael Lyon, Vice President - Mortgage Operations, Quicken Loans
•  Tom Wind, Executive Vice President - Home Lending, EverBank

12:00 – 1:00 PM   Lunch
1:00 – 2:30 PM   Tuesday Afternoon Analytics Sessions
    Track A
1:00 – 1:45 PM   The Millennial Generation – Opportunities Abound

The ability to harness big data combined with sophisticated analytical methods can help identify market opportunities well in advance to ensure you are aptly positioned to grow your business. In this session, CoreLogic scientists demonstrate how advanced ‘market segmentation’ techniques can be used to identify millennials as they transition from flexible lifestyles in pursuit of a more traditional version of the “American Dream”.

•  Liang Tian - Principal Scientist
•  Bret Fortenberry - Staff Scientist

    Track B
1:00 – 1:45 PM   Housing Economics - A Macro Approach - Global Trends, Methods, and Challenges

The fall of U.S home prices and prolonged recovery has raised global awareness of the implications such a price correction presents to domestic and foreign economies. So how does one draw lessons from this experience to anticipate the next inflection point? Join leaders from our U.S., Australia, and New Zealand product organizations as they review the latest global trends and variables unique to certain markets which favor alternative methodologies for modeling home prices.

•  Linda Ladner, Vice President, Product Management
•  David Stiff, Senior Principal Economist
•  Cameron Kusher, Senior Research Analyst, CoreLogic Asia

1:50 – 2:35 PM   Applying a Capital Asset Pricing Model to an Individual Property

It is no secret that applying more property level analysis to a real estate portfolio assessment is critical to understanding true value. Investors are keen on applying the Capital Asset Pricing Model (CAPM) in the equity market to evaluate asset risk. While proven and predictive, CAPM has not traditionally been applied to the real estate market. In this session SVP Analytics Michael Bradley and fellow PhD Economist Bin He will propose an innovative approach to calculate the CAPM Beta for the real estate market, specifically at the property level to capture tail risk.

•  Michael Bradley – Senior Vice President, Analytics
•  Bin He - Senior Principal Economist

2015 RiskSummit - July 26-28