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The following agenda—listing confirmed presenters only—is accurate as of July 23rd, 2009. 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 26, 2009
Monday, July 27, 2009
Tuesday, July 28, 2009
General Sessions
- 12:00 - 6:00 PM—Conference Registration
Analytic Solution Overviews and Updates
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These compact overviews will present the latest features and product roadmaps of LoanPerformance and First American CoreLogic data and analytics solutions. Designed for new and current solution users, you will quickly be updated on the most important enhancements recently added and on the roadmap for the next six months and have the opportunity to provide feedback. In addition, solution subject matters experts will be available to answer specific questions and conduct personalized solutions demonstrations throughout the afternoon. |
- 1:00 - 1:15 PM—Data and Solutions Strategic Overview
- Building analytics on an unrivaled set of data assets
- Meeting our clients' needs: our solutions in action
- Innovating for tomorrow’s market dynamics
- 1:15 – 2:00 PM—Mortgage Information Solutions
- Mortgage-backed securities
- Collateral and market summary reporting
- Data import service for RiskModel using bulk export
- Tracking accurate, updated loan-to-value using TrueLTV
- Mortgage portfolio management
- Market trends – This may just be the eye of the storm
- No servicer is an island – how to triangulate your portfolio in this market
- What can be learned from the last three years? The data tells a story
- 2:00 – 2:45 PM—Real Estate Information Solutions
- Real estate market trends
- Home price indices and home price index forecasts
- Market trends, foreclosures and negative equity data
- Value Trends: home price distributions and listings data
- Bringing it all together: A holistic view of regional real estate data
- Automated valuation models (AVMs)
- Overview of best practices for AVM testing
- Latest innovations in AVM performance testing
- Building better AVM cascades
- 2:45 – 3:15 PM—Consumer Credit Information Solutions
- Credit data and scores
- Enhancing loan-level data with borrower and property information
- Consumer credit data and scores – what is available?
- Risk predictions using loan-level consumer credit data
- 3:15 – 3:30 PM—Break
- 3:30 – 4:00 PM—Collateral and Fraud Risk Solutions
- Collateral and fraud risk tools
- Collateral scoring in today’s volatile market
- Impact of contributory databases for fraud prevention
- Fraud analytics for targeting borrower intent in loan mods
- 4:00 – 4:30 PM—Default and Loss Mitigation Analysis
- Exploiting the synergy among borrower, property and loan product data—especially with respect to default and loss mitigation
- Analysis of the "willingness" effect—a key element of distressed borrower behavior
- An overview of loan treatments
- 4:30 – 5:00 PM—Risk Management Solutions
- Credit and prepayment risk tools
- Market requirements in today’s environment
- What's new in RiskModel version 4.2
- RiskModel product and analytics roadmap
- 5:00– 6:00 PM—Bond Pricing Solutions
- RMBS pricing tools
- Increased transparency begins at the loan-level
- The data and analytics to power a robust solution
- Best-in-class bond pricing
Welcome Reception
- 7:00 to 9:30 PM—Opening Reception and Dinner Buffet
Breakfast/Registration
- 6:45 - 7:45 AM—Buffet Breakfast
- 6:45 - 12 Noon—Conference Registration
General Sessions
- 8:00 – 8:15 AM—Welcome Address and Opening Remarks
 George Livermore, CEO, First American CoreLogic
- 8:15 – 9:15 AM—Keynote
Steve Forbes, President and CEO, Forbes and Editor-in-Chief, Forbes Magazine
- 9:15 – 10:00 AM—Mid-Year Economic Outlook
David Berson, PhD, SVP, Chief Economist and Strategist, The PMI Group, Inc.
Mark Fleming, PhD, Chief Economist, First American CoreLogic
Track Sessions
- 10:10 – 11:00 AM—Tranche Warfare—A New Kind of Class Struggle
A CDO bond has senior and subordinate tranches. In the current environment, senior tranches are suffering a host of maladies—poor trigger design, well-intentioned but economically illogical work-outs/modifications, and over-capacity servicers. Loan modifications inadvertently—but invariably—favor lower-rated over senior classes, then servicer-owned second liens introduce conflicts of interest. If this situation continues, senior holders will inevitably lose principal. What, if anything, can be done?
Moderator
Patrick Bassett, Vice President, Corporate Trust Services, Wells Fargo Bank, N.A.
Panelists
Michael Lau, Executive Vice President, Phoenix Capital
Sean Dobson, President, Amherst Securities
- 11:10 – 12:00 PM—The Little Engine That Could—New Rules, New Companies
Start-up strategies driving new companies formed by ex-investment bankers, ex-hedge fund managers, and others—to address the new (and implied) rules that will control businesses operating in the brave new world of mortgage finance. Some investors are going to profit immensely from the turmoil while others will be burned. Which strategies and tools will work and which will fail?
Moderator
Brendan Keane, Senior Vice President, First American CoreLogic
Panelists
Stuart D. Marvin, Executive Vice President & Co-Founder, LendSure Financial Services, Inc.
Michael Mattera, Executive Vice President, ARC-WESTWOOD Home Saver Mortgage
Michael A. Commaroto, CEO, Vantium Management, LP
David Akre, CEO, Whole Loan Capital, LLC
- 10:10 – 11:00 AM—Do You Really Understand Collateral Valuation?
Did you get what you thought you were getting in your last acquisition? Or are you going through the painful process of discovering how naïve you still are about the real value of the properties in portfolios and MBS/ABS securities? What are the most common valuation and trading mistakes made by market participants—and how can you avoid them? The “I got picked off” panel.
Moderator
Mark Hughes, Vice President, Due Diligence Solutions, First American CoreLogic
Panelists
Mimi Grotto, Managing Director, Mission Capital Advisors
Laurie Goodman, Senior Managing Director, Amherst Securities
Kathryn Kelbaugh, VP and Senior Analyst, Moody's Investors Service
- 11:10 – 12:00 PM—Due Diligence and Fraud—No Longer a Matter of Trust
As causes of the economy’s meltdown become clearer, the role played by mortgage fraud is emerging as either a major cause or a major consequence of the initial subprime collapse. How pervasive was—and is—fraud? Is it likely to get better or worse? How “baked into” existing portfolios and mortgage-backed securities is it? How can you spot and prevent it when you buy? What recourse do you have when you identify fraud? How do you work out of it when you find it?
Moderator
Felice Kesselring, Sr. Director, Collateral Risk and Fraud Products, First American CoreLogic
Panelists
Robin Ramsay, Managing Director, TPG Diligence
Marnie Applegate, SVP, National Credit Policy Manager, SunTrust Mortgage
Frank McKenna, Chief Fraud Strategist, BasePoint Analytics
- 10:10 – 11:00 AM—Practical Applications in Risk Modeling
With the public debate about mark-to-market vs. mark-to-model—and the sudden easing of FAS157-e requirements—how should companies use quantitative tools to select, manage, and account for their assets? How can these tools be used for asset selection and management? How can risk model design help investors? What about the new accounting realities—setting loss reserves, OTTI, asset valuations? Can risk models be adapted to supply acceptable, sufficiently transparent disclosure? Will FAS157-e changes alter the distressed-asset valuation landscape—for example, the Public-Private Investment Program?
Moderator
Troy L. Haines, SVP, Modeling & Analytics, Chase Home Finance
Panelists
Ken Duncan, Managing Partner, CastlePeak Capital Advisors
Paul Calem, PhD, Director, Banking Supervision, Federal Reserve Board
Jay Guo, PhD, Director, Head of Global Structured Securities, Interactive Data
Alan Neale, Senior Manager, Secured Lending Oversight, Citi
- 11:10 – 12:00 PM—Managing Distressed Assets—Not As Easy As It Looks
Are you good at restructuring/disposing debt and equity collateralized by sub and non-performing mortgages? Do you understand the practices and priorities that got them (and you) to this point? Have you a system that can reassess each mortgage's performance continuously? Or have you discovered that managing distressed assets is not so easy. Learn how some experts approach/overcome these challenges—including best practices workouts and REO, forbearance, principal short sales, and more.
Moderator
Phil Comeau, President and CEO, The Phillip E. Comeau Company, Inc.
Panelists
David Reedy, SVP, Head of Whole Loan Trading, Ranieri Partners Management, LLC
James DePalma, EVP, Special Servicing, Arbor Residential Mortgage
Christopher West, CEO, Green River Capital
Tom Skinner, PhD, Managing Partner, RedBrick Partners
Monday Afternoon
Lunch
- Noon – 1:00 PM—Deli Lunch
Recreational Activities
- 12:30 PM—Golf Shotgun
- 12:45 PM—Sailing, Biking, Kayaking
- 1:00 PM—Tennis
- 1:00 - 5:00 PM—Spa
Monday Evening
- 7:00 - 10:00 PM—Cocktail Reception and Dinner
Breakfast/Registration
General Session 1
- 8:30 – 9:15 AM—Research Throwdown—What the Big Brains Say
A simple panel of complex minds: what some of the really smart Wall Street
researchers think about what’s happened so far to the industry, what’s got to
change in the brave new post-meltdown world, what’s it’s going to mean for the
structure and size of the industry, and how long it's going to take to shake
out all the bad stuff and feel good again.
Moderator
Glenn Costello, Managing Director, Fitch Ratings
Panelists
Rod Dubitsky, EVP, Global Structured Finance, PIMCO
Thomas Zimmerman, Managing Director, UBS Investment Bank
Vipul Jain, Vice President, Sr. Mortgage Credit Analyst, Bank of America
General Session 2
- 9:15 – 10:00 AM—Let’s Hear It from the Traders
In the immortal words of Gordon Gekko (Wall Street): “Lunch is for wimps.” A panel of fearless Wall Street mortgage market traders (all types—whole loans, distressed asset portfolios, whatever) shares lessons learned and opportunities spotted—and the actions taken (or not) right now. A who’s-who panel of experts.
Moderator
Trenton Staley, President, Due Diligence, Global Financial Review, Inc.
Panelists
David Reedy, SVP, Head of Whole Loan Trading, Ranieri Partners Management, LLC
Peter Barkey, Chief Investment Officer, Roosevelt Management Company, LLC
Steve Katz, Chief Investment Officer, Arbor Residential Mortgage
Track Sessions
- 10:10 – 11:00 AM—Servicing the Servicer—the Case for Renewal
The business of servicing has dramatically changed during the past year, going from a repetitious, relatively stable grind to a high-touch, high-risk opportunity to play a key role in reinventing the mortgage marketplace. Servicers and investors explore new opportunities for growth and profitability in the servicing sector—taking into consideration operational and technological challenges that can sidetrack, counteract, and dampen the entrepreneurial spirit.
Moderator
Matt Slonaker, Senior Vice President, REDC Default Solutions
Panelists
Kelly O’Bannon, Senior Vice President, Servicing Operations, Residential Credit Solutions
Jeff Lemieux, Senior Vice President, GMAC Mortgage Subservicing
Art Lyon, President, HomEq Servicing
- 10:10 – 11:00 AM—TARP, TALF, PPIP—Stimulating the Markets Yet?
How effective are the US government stimulus programs like TARP, TALF and PPIP? What should the government be doing? What would the panelists do if they were in charge of the government’s programs? Traders, analysts, researchers—and regulators—tell the various government agencies what they would do to restart the markets. The regulatory brainstorming panel.
Moderator
Jim Fratangelo, Vice President, BayView Financial Trading Group
Panelists
Susan Hickok, Financial Economist, Office of the Comptroller of Currency
Glenn Schultz, Managing Director, Mortgage and Consumer ABS Research, Wells Fargo Securities, LLC
Kenneth Rosenberg, Director-ABS Syndicate, Credit Suisse Securities
Susanna Kondracki, SVP, Valuation & Advisory Services, RiskSpan, Inc.
- 11:10 – 12:00 PM—Back to the Future—The Secondary Market in 2009
Haven’t we been here before—say about a generation ago? GSEs controlling the secondary marketplace? But…let’s hear it now for Fannie Mae, Freddie Mac, and the FHA. If not for these agencies, there would be no secondary market. If the Treasury decides to pull the plug—for whatever reason—where will we stand? Is anyone going to trade whole loans with no securitization market? Not too likely. But…have we passed the time when that market could be government-sponsored? Or have we truly come back to the future?
Moderator
Robert Gaither, Principal, Secondary Marketing Head, Bank of America
Panelists
Joseph J. Murin, President, U.S. Dept. of Housing and Urban Development (Ginnie Mae)
Garry Cipponeri, SVP, Secondary Marketing, Chase Home Finance
Mark Ramsey, Director, Fannie Mae
- 10:10 – 11:00 AM—Transparency—the Mandate is Clear
Panelists look into the government’s new transparency mandate from every industry angle—investment banking, CDO asset management, CDS trading, ratings analysis, and government regulators. Wide ranging and likely to stir a bit of controversy, this is the “it’s your own damn fault” or “everyone else is to blame” panel—depending on your personal perspective.
Moderator
Travis Smith, President and CEO, Loanovation Incorporated
Panelists
David Steckel, SVP, Origination Policy
Executive, Bank of America Home Loans
Stephen Ornstein, Partner, Sonnenschein, Nath & Rosenthal
Kevin O'Hare, Managing Director, FTI Consulting
- 11:10 – 12:00 PM—Data Overload—When Results Can’t Wait
How do you digest all of the available data? How do you integrate it? How do you retain your own objectivity in such a wild, fast-changing environment? Truth be told, you could probably use some help designing and building meaningful analytics solutions that are capable of producing the collateral valuations and performance models your business depends on. Now more than ever before. Could professional advisory and valuation services take the heat off?
Moderator
Dan Feshbach, Founder—LoanPerformance
Panelists
Stefania Perrucci, Founder and CEO, New Sky Capital LLC
Dmitri Rabin, Vice President, Securitization, Loomis Sayles & Company, L.P.
Diane Maurice, Director, Credit Management, TD Securities (USA) LLC
- 11:10 – 12:00 PM—House Price Modeling—New Practices, Applications
With the economy in recession and unemployment still rising—when will it all end? When will home prices actually start to improve? And when improvement comes will it be painfully gradual or will government actions speed the recovery? Is it possible to model home prices in such an environment with useful accuracy? How much are distressed sales and loan modifications distorting the data? How should house prices be measured now? How should they be incorporated into predictive models? Has anyone done a good job of predicting house prices?
Moderator
Kevin Gillen, PhD, Senior Housing Economist, First American CoreLogic
Panelists
Amy Crews Cutts, Deputy Chief Economist, Freddie Mac
John Sim, Executive Director for Non-agency Residential Prime and Alt-A Markets Strategy, JP Morgan Securities
Lakhbir Hayre, Managing Director, CitiGroup Global Markets
Tuesday Afternoon
Lunch
- 12:00 Noon – 12:30 PM—Deli Lunch
Analytic Solution Intensives
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An opportunity for more in-depth discussion and feedback, these Intensives, designed for analytics professionals and management, dive more deeply into the analytics, modeling methodologies and workflow solutions built for clients by LoanPerformance and First American CoreLogic experts. |
- 12:30 to 3:00 PM—Intensives
Track I
- 12:30 – 1:30 PM—Leveraging consumer credit data for advanced risk analytics
- Modeling approaches and cross-industry practices
- Using merged datasets beyond traditional consumer credit data
- Applications specific to the mortgage-backed securities market
- 1:30 – 3:00 PM—Enhanced securities valuation and modeling techniques
- The challenges of modeling mortgages in today’s market
- Calibrating to recent experience to predict the short-term future
- Leveraging loan-level agency and bank portfolio data to model new originations
- Bond pricing analytics for the current market
Track II
- 12:30 – 1:30 PM—Advanced real estate price modeling and analytics
- What shape is the market bottom—a V, U, W, or L?
- The role of distressed properties in HPA trends—magnitude and direction
- Factors contributing to the turn—what’s driving real estate forecasting today?
- 1:30 – 3:00 PM—Triage and Due Diligence Workflow
- Determining the right mix of automated tools and human due diligence
- Exploration of different workflow processes and tools
- Case study examples
Track III
- 12:30 – 1:30 PM—Loan modifications and portfolio surveillance modeling and analytics
- Loan mod. behavior—does our industry have a handle on it yet?
- What is the definition of a 'good mod?'
- To mod or not to mod—that is the question
- 1:30 – 3:00 PM—Leveraging
consumer credit data for advanced risk analytics
- The profile of the defaulted borrower—enhanced predictions of default
- Willingness: the tie that binds—leveraging key borrower attributes during default and loss mitigation
- What are the viable options in loss mitigation?
Adjournment
- 3:00 PM—RiskSummit 2009 Closes
If you have any questions about the 2009 LoanPerformance RiskSummit, please contact us by email or by calling
(415) 536-3525.
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