Agenda
as of Sept. 16, 2015 |
Sunday, September 20
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| 3:00-5:00 p.m. |
Registration
Regency Ballroom Foyer
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Monday, September 21
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| 7:30 a.m.-5:00 p.m. |
Registration
Regency Ballroom Foyer
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| 8:30-9:00 a.m. |
Welcome
Regency Ballroom Center/E/F |
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The Honorable Theodore "Ted" Tozer, President, Ginnie Mae
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| 9:00-10:00 a.m. |
General Session Panel
Mortgage Servicing Rights: What Does the Future Hold?
Regency Ballroom Center/E/F |
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Bill Cosgrove, Owner & CEO, Union Home Mortgage Corp.
Michael Drayne, SVP, Office of Issuer &Portfolio Management, Ginnie Mae
Shawn Krause, EVP, Government Affairs, Quicken Loans
Stanford Kurland, Chairman & CEO, PennyMac Loan Services
Michael Nierenberg, CEO & President, New Residential Investment Corporation
Kevin Watters, CEO, Mortgage Banking, JPMorgan Chase
The environment affecting the servicing of residential mortgage loans has changed dramatically in recent years and the implications of this change are significant for the nation's housing finance system. This distinguished panel of industry leaders will provide insights into recent trends and future direction and possibilities. Panelists will answer questions such as: - If you run an organization built to invest in MSRs, what are the major issues on your mind today?
- What are your thoughts about the composition of MSR investors changing?
- How do you think Washington-based policymakers should see the subject of MSRs as the financial crisis recedes farther into the past?
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10:00-10:15 a.m.
10:15-11:15 a.m. |
Networking Break
General Session Panel
Balancing Risk and Mission
Regency Ballroom Center/E/F |
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Michael "Mike" Frueh, Director, Loan Guaranty Service, U.S. Department of Veterans Affairs
Edward Golding, Principal Deputy Assistant Secretary, Office of Housing, U.S. Department of Housing and Urban Development
Richard Green, Senior Advisor for Housing Finance, U.S. Department of Housing and Urban Development and Director, University of Southern California Lusk Center for Real Estate
The Honorable Theodore "Ted" Tozer, President, Ginnie Mae
Seven years after the housing crisis, the role of government loan programs remains prominent and 2015 has seen record breaking levels of Ginnie Mae MBS issuance backed by FHA, VA and RHS loans. This panel covers where we are, where we need to go, and what risks we must navigate to get there. Panelists will answer questions such as: - How strong is the housing market – should the government agencies be more, or less aggressive in pricing their programs?
- What is the effect of mortgage bank directed regulation and state and federal investigations and litigation – should the post-crisis "work-out" be over? Have banks been punished enough? Are we shutting out opportunity for buyers and renters?
- How do we make homeownership and renting more affordable?
- If you could accomplish three specific goals in the next year for your agency or for housing finance overall, what would they be and why?
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11:15-11:30 a.m.
11:30 a.m.-12:30 p.m. |
Networking Break
Track Breakout Sessions
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MULTIFAMILY: RFS for Multifamily Issuers
Conference Theater |
Rick Garner, President, Virtual Development Corporation
Nancy Strickland, Manager, Virtual Development Corporation
This session is back by popular demand. An experienced panel of experts will discuss common Multifamily Reporting and Feedback System (RFS) errors and investor reporting compliance issues.
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INDUSTRY CONCERNS: Capital Markets Overview
Regency A |
Scott Buchta, Head of Fixed Income Strategy, Brean Capital, LLC.
John Getchis, SVP, Office of Capital Markets, Ginnie Mae
Kevin Jackson, Director, Agency MBS Trading, Wells Fargo
Hear about the major issues of concern to Ginnie Mae security-holders and how they are relevant to mortgage origination and servicing.
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OPERATIONAL: A Look Ahead: Ginnie Mae Policy and Risk Management
Regency C/D |
Michael Drayne, SVP, Office of Issuer & Portfolio Management, Ginnie Mae
Gregory Keith, SVP & Chief Risk Officer, Ginnie Mae
Luis Saucedo, Program Development Specialist, Ginnie Mae
Ginnie Mae continues to refine its program and the requirements for participation in it. Come and hear a quick recap of the major changes, and get a sense from key program management staff of where we see the next set of challenges.
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MONITORING AND COMPLIANCE: Issuer Operational Performance Profile (IOPP)
Potomac 5/6 |
René Mondoñedo, Senior Mortgage Banking Analyst, Ginnie Mae
Michael Werstuik, Manager, Deloitte
Ginnie Mae's new IOPP Scorecard assesses Issuers according to various operational metrics. Learn how it works, how it's evolving, and what lenders need to do to maintain a favorable profile.
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EXTERNAL ISSUES : Reporter Roundtable (Media Only)
Regency B |
Bill Cosgrove, Owner & CEO, Union Home Mortgage Corporation
The Honorable Theodore "Ted" Tozer, President, Ginnie Mae
Mark Zandi, Chief Economist, Moody's Analytics
This roundtable provides an opportunity for reporters and editors to share information about the challenges facing the secondary mortgage market in the wake of the market transformation, the implications for Ginnie Mae, and future trends in the housing finance industry. This event is for media and is by invitation only.
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| 12:30-1:45 p.m. |
Seated Lunch for Ticketed Attendees Only
Regency Ballroom Center/E/F
Economic Outlook: "In the Sweet Spot" |
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Mark Zandi, Chief Economist, Moody's Analytics
The economy is performing well and prospects are good. Powering growth is a strengthening housing market, supported a steadily improving mortgage market. Legislative mortgage finance reform is unlikely, but regulator reform is proceeding in a positive direction.
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| 1:45-5:15 p.m. |
Account Executive Meet and Greet
Regency B
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| 1:45-2:45 p.m. |
Track Breakout Sessions
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MULTIFAMILY: Multifamily Legal Issues
Conference Theater |
Dana Boyd, Office of General Counsel, U.S. Department of Housing & Urban Development
Learn about the latest regulatory and enforcement activities from HUD's Office of General Counsel. As program counsel, the office provides legal guidance to support Ginnie Mae program activities, including resolution of statutory, regulatory, corporate, and operational issues.
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INDUSTRY CONCERNS: Delivery Standards and Tips from MDS (real world examples)
Regency A |
Jason Eisendrath, Director, Loan Sale Strategies, Mortgage Delivery Specialists
Jonathan Hughes, Senior Account Executive, Ginnie Mae
Andrea Hunter, Vice President, Bank of New York Mellon
Congratulations! You just got approval as a Ginnie Mae Issuer. Join this discussion to ensure you fully understand every step in the process of delivering loans to Ginnie Mae. Ask your questions about getting set up with BNY Mellon, data extraction, data auditing, pooling and the upload and submission process, and get real-world hands-on advice.
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OPERATIONAL: Financing MSRs via the Acknowledgment Agreement
Regency C/D |
Roy Hormuth, Director of Single-Family, Ginnie Mae
Harlan Jones, Senior Account Executive, Ginnie Mae
Description of the standards and procedures involved in using the Ginnie Mae Acknowledgment Agreement to obtain financing.
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MONITORING AND COMPLIANCE: Understanding the Compliance Field Review
Potomac 5/6 |
Donovan Chase, Manager, Deloitte
Jamie Cowan, Senior Consultant, Deloitte
Paul St. Laurent, Lead Mortgage Banking Analyst, Ginnie Mae
Get an overview of the compliance field review process, expectations and common findings. New and seasoned Issuers will find this session informative
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2:45-3:00 p.m.
3:00-4:00 p.m. |
Networking Break
Track Breakout Sessions
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MULTIFAMILY / MONITORING AND COMPLIANCE (Dual Track): Implications of Non-Compliance
Potomac 5/6 |
Leslie Meaux, Director of Monitoring & Asset Management, Ginnie Mae
This session will discuss the potential consequences of non-compliance in the Ginnie Mae Program, including the reasons for notices of Violations and Civil Money Penalties.
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INDUSTRY CONCERNS: Current and Upcoming Program Changes for FHA, VA and RHS
Regency A |
John Bell, Assistant Director, Loan Policy and Valuation, U.S. Department of Veterans Affairs
Michelle Corridon, Deputy Director, Single-Family Housing, U.S. Department of Agriculture Rural Development
Kevin Stevens, Director, Home Mortgage Insurance Division, Federal Housing Administration
Experts from development offices of the agencies that insure and guaranty the loans in Ginnie Mae securities talk about the major program issues currently on their agendas.
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OPERATIONAL: Getting Started and Being a Successful Ginnie Mae Issuer
Regency C/D |
John Kozak, Senior Account Executive, Ginnie Mae
Susan Skiles, Mortgage Banking Analyst, Ginnie Mae
Richard Washington, Senior Account Executive, Ginnie Mae
Three of Ginnie Mae's most experienced account managers offer tips on getting up and running as a new Issuer, and being successful for the long run.
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4:00-4:15 p.m.
4:15-5:15 p.m. |
Networking Break
Track Breakout Sessions
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MULTIFAMILY: Multifamily-Only IOPP
Conference Theater |
René Mondoñedo, Senior Mortgage Banking Analyst, Ginnie Mae
Michael Werstuik, Manager, Deloitte
Ginnie Mae representatives will discuss the Multifamily Issuer Operational Performance Profile (IOPP) enabling Issuers to better understand Ginnie Mae performance expectations and which metrics are most important to Ginnie Mae.
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INDUSTRY CONCERNS: HMBS - Impact of Reverse Mortgage Restructuring by FHA
Regency A |
John Getchis, SVP, Office of Capital Markets, Ginnie Mae
Karin Hill, Policy Advisor, HECM Modernization, Federal Housing Administration (invited)
John Kozak, Senior Account Executive, Ginnie Mae
Luis Saucedo, Program Development Specialist, Ginnie Mae
The FHA HECM reverse mortgage program has undergone significant modifications in recent years ranging from updating initial disbursement caps to introducing a requirement for lenders to establish borrower financial capacity. The program level changes have impacted the HMBS market in several ways, including a shift from predominantly fixed rate issuance to ARM issuance, as well as introducing new data reporting.
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OPERATIONAL: Raising the Bar on RFS Reporting
Regency C/D |
Stewart Spettel, Director of Operations, Ginnie Mae
Nancy Strickland, Manager, Virtual Development Corporation
During this session, Ginnie Mae experts will discuss common single-family reporting errors and investor reporting compliance issues, in the Reporting Feedback System.
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| 5:15-6:00 p.m. |
Networking Reception
Lobbibar
Discount available to Summit attendees
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Tuesday, September 22
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| 7:30 a.m. - 4:30 p.m. |
Registration
Regency Ballroom Foyer
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| 8:30-9:30 a.m. |
Networking Breakfast
Regency Ballroom Center/E/F
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| 9:30-10:00 a.m. |
General Session Panel
Modernization Updates
Regency Ballroom Center/E/F
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Tamara Togans, Director, Enterprise Data Division, Ginnie Mae
Victoria Vargas, Director, Program Administration, Ginnie Mae
Hear highlights of Ginnie Mae's technology roadmap for the future, as well as a recap of newly implemented enhancements and upcoming projects inclusive of process and application modernization initiatives, and architecture and technology changes.
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| 10:00-10:15 a.m. |
Networking Break
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| 10:15-11:15 a.m. |
Track Breakout Sessions
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EXTERNAL ISSUES: Single-Family FHA Taxonomy, the FHA Handbook and the Deep Dive on Quality Control Measures
Regency A |
Justin Burch, Director, Quality Assurance Division, Lender Activities and Program Compliance, Federal Housing Administration
FHA extended significant resources in the last year to collect its guidance in one cohesive handbook that also includes specific details about how it handles non-compliance with that guidance. Find out everything you need to know from the people who wrote the changes and are implementing them.
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MODERNIZATION AND TRANSFORMATION: New Procedures in Reporting Feedback System - Retiring Biometrics
Potomac 5/6 |
Angel Hernandez, Presidential Management Fellow, Ginnie Mae
Victoria Vargas, Director, Program Administration, Ginnie Mae
Learn what changes are coming after Oct. 1 including the retirement of biometrics and the introduction of RSA SecurID token for pooling in GinnieNET, revision to Reporting Principal Balance (RPB) procedures, and more.
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MONITORING AND COMPLIANCE: The Issuer’s Role in Document Custody
Conference Theater |
Susan Skiles, Mortgage Banking Analyst, Ginnie Mae
This session will provide Issuers with guidance on their roles and responsibilities regarding collateral documents, document exceptions, the annual reconciliation process, and managing the custodian relationship. Custodians will be invited to share best practices from their perspectives.
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OPERATIONAL: Raising the Bar on RFS Reporting
-Repeat of Monday Session-
Regency C/D |
Stewart Spettel, Director of Operations, Ginnie Mae
Nancy Strickland, Manager, Virtual Development Corporation
During this session, Ginnie Mae experts will discuss how to avoid common single-family reporting errors and explore investor reporting compliance issues in the Reporting Feedback System.
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11:15-11:30 a.m.
11:30 a.m.-12:30 p.m. |
Networking Break
Track Breakout Sessions
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EXTERNAL ISSUES: Managing Sub-Servicer Relationship and Oversight Roundtable
Regency A |
Julio Aldecocea, Managing Director, Lakeview Loan Servicing, LLC
Trinity Henton, Executive Vice President, Pingora Asset Management
Adela Martinez, Vice President, Servicing Division Oversight, Planet Home Lending, LLC
Leslie Meaux, Director of Monitoring & Asset Management, Ginnie Mae
René Mondoñedo, Senior Mortgage Banking Analyst, Ginnie Mae
Learn how successful Issuers manage their sub-servicing relationships and participate in an open discussion with Ginnie Mae.
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MODERNIZATION AND TRANSFORMATION: MISMO Update and Demo
Potomac 5/6 |
Nicole Jackson, Management Information Specialist, Ginnie Mae
This session will provide a demonstration of Ginnie Mae’s MISMO compliant Single-Family Pool Delivery Module (SFPDM), featuring enhanced reporting and user capabilities built on best-in-class technology.
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MONITORING AND COMPLIANCE: Issuer Operational Performance Profile (IOPP)
-Repeat of Monday Session-
Conference Theater |
Michael Werstuik, Manager, Deloitte
Marcus Valentine, Mortgage Banking Analyst, Ginnie Mae
Ginnie Mae's new IOPP Scorecard assesses Issuers according to various operational metrics. Learn how it works, how it's evolving, and what lenders need to do to maintain a favorable profile.
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OPERATIONAL: What You Need to Know About Servicing Transfers
Regency C/D |
Jonathan Hughes, Senior Account Executive, Ginnie Mae
Akvile Sweetman, Senior Account Executive, Ginnie Mae
With the recent explosions in servicing transfers in the market in mind, hear from Ginnie Mae experts about the strategy, due diligence, timing and mechanics related to servicing transfers.
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| 12:00-3:45 p.m. |
Account Executive Meet and Greet
Regency B
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| 12:30-1:30 p.m. |
Lunch on Your Own
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| 1:30-2:30 p.m. |
Track Breakout Sessions
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EXTERNAL ISSUES: PIIT Pooling Roundtable
Regency A |
Michael Blake, SVP, Fairway
Craig Freel, SVP, Roundpoint
Jonathan Hughes, Senior Account Executive, Ginnie Mae
Akvile Sweetman, Senior Account Executive, Ginnie Mae
Paul Thomas, COO, Pingora
Join industry experts to discuss the strategy and mechanics behind Ginnie Mae’s co-issue pooling (PIIT) program.
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MODERNIZATION AND TRANSFORMATION: GMEP 2.0 Demo
Potomac 5/6 |
Juanita Cruz-Latimer, Web Manager, Ginnie Mae
Michael Hoffman, Vice President, Innovation & Strategy, Bank of New York Mellon
Patrick McDonald, Senior Consultant, Deloitte
Come for a demonstration and update on the new and improved interface for program participants.
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OPERATIONAL: FHA, VA and RHS Servicing and Loan Modifications Update
Regency C/D |
Ivery Himes, Director, Office of Single-Family Asset Management, Federal Housing Administration
Richard Kane, Finance and Loan Analyst, Single-Family Guaranteed Loan Program, U.S. Department of Agriculture
Andrew Trevayne, Assistant Director, Loan Management, U.S. Department of Veterans Affairs
We bring together the policymakers for the three major government housing programs, each of whom also has hands-on responsibility and experience in lender compliance issues. They will be prepared to tackle tough issues like the future of loan modifications, servicing transferee liability and timeliness of claims.
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MONITORING AND COMPLIANCE: Document Custody Open Forum
Conference Theater |
Susan Skiles, Mortgage Banking Analyst, Ginnie Mae
This session is designed to be an open forum for asking and answering questions on changes made to the Document Custodian Manual from both Issuers and Custodians. We will also begin taking ideas on the reimagining of document custody.
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2:30-2:45 p.m.
2:45-3:45 p.m. |
Networking Break
Track Breakout Sessions
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EXTERNAL ISSUES: Non-Bank Success Stories / Lessons Learned
Regency A |
Roy Hormuth, Director, Single-Family, Ginnie Mae
Wes Iseley, Senior Managing Director, Carrington Holding Company
Christopher Randall, Capital Markets SVP, HomeBridge Financial Services, Inc.
Non-banks are playing a much larger role in today’s market with some Ginnie Mae Issuers increasing their deliveries by well over 200 percent in the past year. Hear from several high growth Issuers on how they were able to ramp up production, and the lessons they learned along the way.
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MODERNIZATION AND TRANSFORMATION: New Procedures in Reporting Feedback System - Retiring Biometrics
-Repeat of 10:15 a.m. Session-
Potomac 5/6 |
Angel Hernandez, Presidential Management Fellow, Ginnie Mae
Victoria Vargas, Director, Program Administration, Ginnie Mae
Learn what changes are coming after Oct. 1 including the retirement of biometrics and the introduction of RSA SecurID token for pooling in GinnieNET, revisions to Reporting Principal Balance (RPB) procedures and more.
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OPERATIONAL : Bringing Servicing In-House
Regency C/D |
Donna Curran, Account Executive, Ginnie Mae
Jaime Gomez, Chief Operating Officer, Colorado Housing and Finance Authority
Sharon Wandrick, Mortgage Banking Analyst, Ginnie Mae
Anderson Williams, Account Executive, Ginnie Mae
Carla Wise, Executive Vice President of Servicing, Freedom Mortgage
Scott Woll, Senior Executive Vice President Capital Markets and Finance, AnnieMac Home Mortgage
Answers to questions such as: "What will Ginnie Mae require us to demonstrate when we look to service our own loans" and "What are some of the pitfalls Issuers face when starting up their servicing operation, after using a subservicer for several years?" Hear about the challenges of doing your own servicing and suggestions on how to be successful.
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3:45-4:00 p.m.
4:00-5:00 p.m. |
Networking Break
Closing Session
New Issuer Roundtable
Regency Ballroom Center/E/F |
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Julio Aldecocea, Managing Director, Lakeview Loan Servicing, LLC
John Bosley, Vice President, Capital Markets, Planet Home Lending
Jason Eisendrath, Director, Mortgage Delivery Specialists
Roy Hormuth, Director, Single-Family, Ginnie Mae
Bruce Karda, National Sales Manager, Texas Capital Bank
Join a roundtable of industry experts to discuss strategies to establish best practices in pooling, secondary marketing, warehouse lending and servicing oversight.
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