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RiskSummit 2008 Agenda
The following agenda—listing confirmed presenters only—is accurate as of July 9th, 2008. 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 20, 2008
Monday, July 21, 2008
Tuesday, July 22, 2008
Registration
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- 12:00 - 6:00 PM—Conference Registration
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Product Training and Demonstrations
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- 1:00 PM to 5:30 PM—Training and Demos
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Information and Analytic Solutions Intensive
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The key to understanding mortgage portfolio and securities risk is complete transparency of the loans themselves and their underlying collateral. The First American CoreLogic product team demonstrates breakthrough information and analytics solutions that combine traditional and non-traditional data sources to produce insights that can transform risk assessment—and create new opportunities for originators, issuers and investors.
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- 1:00 - 1:15 PM—Information and Analytics Overview
 Damien Weldon, Vice President, Credit Risk Products and Analytics
- 1:15 - 2:00 PM—Mortgage Information
Mortgage-backed securities (TrueStandings Securities)
Patrick Kiser, Product Manager, TrueStandings Securities
Servicing portfolios (TrueStandings Servicing)
Karen Tam, Product Manager, Contributed Data Products
- 2:00 - 3:00 PM—Real Estate Information
Home price index (LoanPerformance HPI)
Julian Grey, Product Manager, FACL Data Products
Automated valuation models (AVMs) (First American CoreLogic AVMs)
Mark Fleming, Chief Economist
Loan-to-value (TrueLTV)
Dori Daganhardt, Director, Product Management
- 3:15 – 4:30 PM—Analytic Solutions
Default and prepayment risk (RiskModel)
Steve Thompson, Director, Product Management, RiskModel
Collateral and valuation risk (LoanSafe Collateral)
Felice Kesselring, Director, Collateral Risk Products
Real estate forecasting (LoanPerformance HPI Forecast)
Julian Grey, Product Manager, FACL Data Products
- 4:30 – 5:30 PM—Risk Management Applications and Case Studies—Applying Our Information and Analytics Solutions to Your Business
Portfolio monitoring & surveillance
High-risk market identification
Whole loan acquisition
Damien Weldon, Vice President, Credit Risk Products and Analytics
Mark Fleming, Chief Economist
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Welcome Reception
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- 7:00-9:30 PM—Opening Reception and Dinner Buffet
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Costa del Sol Conference Center
Breakfast/Registration
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- 6:45 - 7:45 AM—Buffet Breakfast
- 6:45 - 12 Noon—Conference Registration
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General Sessions
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- 7:45 - 8:15 AM—Welcome Address and Opening Remarks
Dan Berman, Chief Operating Officer, Mortgage Analytics Division, First American CoreLogic
- 8:15 - 9:15 AM—Keynote
John Snow, Chairman, Cerberus Capital Management
A look at current dislocations roiling the markets, where industry and government are likely to move in the future,
and how mortgage finance will fit into the emerging global financial architecture—from the unique public/private perspective of former Secretary of the Treasury John Snow.
- 9:15 - 10:00 AM—Economic Update
David Berson, PhD, Chief Economist and Strategist, PMI
Amy Crews Cutts, PhD, Deputy Chief Economist, Freddie Mac
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Product Training and Demonstrations
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- 9:00 AM - 12 Noon—Training and Demos
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Concurrent Track Sessions
10:10 - 11:00 AM
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- The Liquidity Crisis and the Confidence Factor
Where are the real values in the current market—and the toxic pot-holes? What future policies and strategies will be necessary to repair weaknesses and rebuild confidence?
Moderator
Adam Garfinkle, President, RoundPoint
Panelists
Farhad Nanji, Analyst, Highfields Capital
Michael Commaroto, CEO-Capital Markets Fund Manager, Vantium Management LP, an Apollo Management Company
Nick Krsnich, CEO and President, JMN Financial LLC
- Practical Applications in Risk Modeling
Since companies must now report how they determine Level 3 asset valuations, can risk modeling supply justifiable disclosure—while helping investors?
Moderator/Panelist
Troy Haines, SVP, Modeling and Analytics, WaMu
Panelists
Randy Banner, Vice President, Bank of America
Jim Hacker, VP, Consumer Risk Management, Wachovia Bank, NA
T.J. Shea, Director, Credit Risk Analysis, E*TRADE
- Managing Distressed Assets in Current Environment
Forbearance vs. foreclosure vs. principal short sale: whose interests are best served when conflicts arise between strategic classes of investors? An exploration of best practices with workouts and REOs.
Moderator
Phil Comeau, President and CEO, Phillip E. Comeau Company, Inc.
Panelists
David Reedy, SVP, Trading, Ranieri Partners
Matt Slonaker, President, EMC Mortgage Real Estate Services
James DePalma, EVP, Arbor Residential Mortgage
Jim Satterwhite, Vice President, Default Management, JPMChase
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11:10 AM – Noon
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- Is the 2008 Fiscal Stimulus Package Working?
What opportunities are available to investors, lenders, and servicers in the 2008
housing stimulus package—especially regarding enhanced products from HUD/FHA, FNMA, and FHLMC? Is the stimulus working? If not, what “tweaks” could make it more effective?
Moderator
Zan Hamilton, CEO, LIME Financial Services
Panelists
Joe Murin, President, GNMA
Robert Gaither, Principal, Secondary Marketing Head, Bank of America
Todd Hempstead, SVP, Fannie Mae Single-Family Business
- How Will Future RMBS be Structured?
What is the marketplace looking for? What new assumptions should
be built into mortgage bonds to restore investor confidence? Are there alternative structural configurations that might replace the existing paradigms?
Moderator
Dave Girling, Mortgage Industry Consultant and former CEO, ComplianceEase
Panelists
Kevin Gillen, PhD, Research Fellow, Wharton School University of Pennsylvania
Christine Stumbo, Director, Credit Risk, Genworth
Jerry Marlatt, Partner, Clifford Chance US LLP
- Home Price Modeling & Application
Hear from industry experts about how the current housing price environment
impacts credit risk and more.
Moderator
Wei Wang, EVP, Fixed Income Research, Countrywide Securities Corporation
Panelists
Steve Buisson, SVP, Credit Risk, Corporate Risk Management, AIG United Guaranty Corporation
Paul Calem, PhD, Director, Housing Economics, Freddie Mac
Andre Gao, Director, Home Price Models, Fannie Mae
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Monday Afternoon
Lunch
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- Noon – 1:00 PM—Deli Lunch
Costa del Sol Conference Center Foyer and Terrace
Box lunches for golfers provided at Clubhouse
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Recreational Activities
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- 12:30 PM—Golf Shotgun
Main Clubhouse (downstairs outside the Pro Shop)
- 12:45 PM—Catamaran, Biking, Kayaking Transportation Departs
Buses will depart from front driveway
- 1:00 PM—Tennis
La Costa Tennis Complex
- 1:00 - 5:00 PM—Spa Appointments
La Costa Spa
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Monday Evening
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- 7:00 - 10:00 PM—Cocktail Reception and Dinner
Costa del Sol Conference Center Terrace and Ballroom
- 10:00 - 11:30 PM—Afterglow
Main Clubhouse: Legends Patio (Downstairs)
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Costa del Sol Conference Center
Breakfast/Registration
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- 7:30 - 8:30 AM—Breakfast
Costa del Sol Conference Center Foyer and Terrace
NOTE: La Costa check-out time is 12:00 Noon (please store bags with bellman)
- 7:30 - 3:30 PM—Survey Return
Costa del Sol Conference Center Foyer and Terrace
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General Sessions
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- 8:30 - 9:15 AM—Let’s Hear It from the Sellside
Is anyone selling? This always popular panel features Sellside experts discussing current market conditions, opinions on the street, and forecasts.
Panelists
Kevin Mott, SVP, MountainView Capital Group, LLC
Jim Fratangelo, Whole Loan Sales & Acquisitions, Bayview Financial Trading Group, LLC
Michael Lau, Executive Vice President, Phoenix Capital
John Draghi, Managing Director, Mortgage Special Situations, Goldman Sachs
- 9:15 - 10:00 AM—Let’s Hear It from the Buyside
Everyone’s a buyer now! This equally popular panel features Buyside experts discussing current market conditions, investor opinions, and forecasts.
Panelists
Steve Katz, Chief Investment Officer, Arbor Residential Mortgage
David Reedy, SVP, Trading, Ranieri Partners
Marc Rosenthal, Managing Director and Trader, Morgan Stanley FrontPoint Partners
Mike Dubeck, Founding Partner, Alator Capital
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Product Training and Demonstrations
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- 10:00 – Noon—Training and Demos
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Concurrent Track Sessions
10:10 – 11:00 AM
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- Housing Prices—Have We Seen The Bottom?
What will stop the self-reinforcing downward spiral of US house prices? What will it take to restore buyer/borrower confidence? Is the media helping or hurting?
Moderator
Mark Fleming, Chief Economist, First American CoreLogic
Panelists
Chris Flanagan, Managing Director, Global Structured Finance Research, JP Morgan Securities
Yan Chang, Senior Economist, Freddie Mac
Lakhbir Hayre, Managing Director, Citigroup Global Markets
- Long-Term vs. Short-Term Buyside Investor Strategies
After near-historic pricing volatility swings and a market-recognized lack of confidence, what effective long and short-term strategies can realistically—or opportunistically—recapture wary investor confidence?
Moderator
Nick Krsnich, CEO and President, JMN Financial
Panelists
Sean Dobson, President, Amherst Securities Group
Mike Dunlop, SVP, Investments, 40|86 Advisors, Inc.
Richard Berg, President, Performance Trust
- Due Diligence with Full Disclosure
When do we need to know all—before origination, before issuance, before the investment, or all of the above?
Moderator
Robert Walker, EVP, First American CoreLogic
Panelists
Mary Haggerty, Managing Director, Securitized Products Group, JP Morgan Chase
Tom Warrack, Managing Director, Structured Finance, Standard & Poor's
Dave Pawlowski, President, Opus NPA, LLC
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11:10 AM – Noon
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- Mark-to-Market vs. Mark-to-Model
Where is true value in the current environment? Who wants to know and who needs to know? And who’s asking? With bid-ask spreads as wide as 30 points, buyers Buyers and sellers don’t necessarily agree.
Moderator
Mimi Grotto, Director, Mission Capital Advisors
Panelists
Susanna Kondracki, Managing Director, RiskSpan
Yung Lim, Managing Partner, Treesdale Partners LLC
- Loan-Level Transparency—the Time is Now
How transparency of underlying loan-level real estate collateral critically influences the subordination and valuation of the aggregate.
Moderator
Damien Weldon, VP, Credit Risk Products and Analytics, First American CoreLogic
Panelists
Steve Ornstein, Partner, Thacher Proffitt
Richard Harmon, EVP, Fixed Income Research, Countrywide Capital Markets
Thomas Zimmerman, Managing Director, UBS Investment Bank
- Servicing in the Brave New World
How will the industry evolve? What tools and strategies are available to servicers to guide them through current and coming choppy waters?
Moderator
Dan Feshbach, Founder, LoanPerformance
Panelists
Ray Morris, Director of Sales and Marketing, GMAC Mortgage Subservicing
Dennis Stowe, President and CEO, Residential Credit Solutions
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Tuesday Afternoon
Lunch
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- 12:00 Noon – 12:30 PM—Deli Lunch
Costa del Sol Conference Center Foyer and Terrace
NOTE: La Costa check-out time is 12:00 Noon
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Product Intensives
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Focusing on new product features as well as development methodologies: an in-depth laboratory and open Q&A session designed to brief both long-standing and new users alike on the latest innovations and roadmaps of our analytic solutions.
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- 12:30 - 2:00 PM—RiskModel I: Dials, LGD Models and Prepayment Models
Matt Cannon, Senior Research Analyst
Nicolas Rumigny, Senior Risk Modeler
Gunnar Blix, Senior Modeler
- 2:15 – 3:30 PM—RiskModel II: API Usage and Implementation
Steve Thompson, Director, Product Management, RiskModel
Earl Damron, Senior IT Manager, Analytical Applications Development and Support
- 12:30 - 2:00 PM—LoanPerformance HPI & LoanPerformance HPI Forecast
Julian Grey, Product Manager, FACL Data Products
Ed Wike, Senior Modeler
Kevin Gillen, PhD, Research Fellow, Wharton School University of Pennsylvania
- 2:15 – 3:30 pm—Automated Valuation Models (AVMs) and LoanSafe
Mark Fleming, Chief Economist
Felice Kesselring, Director, Collateral Risk Products
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Adjournment
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- 3:30 PM—RiskSummit 2008 Closes
See you next year—July 26th through 28th, 2009—at the Four Seasons Aviara in Carlsbad.
Have a safe trip home…
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If you have any questions about the 2008 LoanPerformance RiskSummit, please contact us by email or by calling
(415) 536-3525.
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