September 19-20, 2016
Sunday, September 18
3:00 PM – 5:00 PM Registration
Monday, September 19
7:30 AM – 5:00 PM Registration
8:30 AM – 9:00 AM Welcome
The Honorable Theodore “Ted” Tozer
9:00 AM – 10:00 AM General Session Panel
The Path Forward:
Ginnie Mae, GSE's and Housing Finance
- Moderator: The Honorable Theodore "Ted Tozer, President, Ginnie Mae
- Michael Stegman, Fellow for Housing Policy, Bipartisan Policy Center
- Jim Parrott, Senior Fellow, Urban Institute
- Ed DeMarco, Senior Fellow in Residence, Center for Financial, Markets, Milken Institute
This moderator-led discussion will focus on the biggest issues facing the mortgage finance industry. Hear why housing finance reform needs to go beyond the GSEs, what is the current state of affairs and how will the new administration go about moving forward on the biggest unresolved issues? What role will Ginnie Mae and government lending in general play, and what other factors will impact the decisions that will shape the future?
10:00 AM – 10:15 AM Networking Break
10:15 AM – 11:15 AM General Session Panel
Ensuring the
Health of the Mortgage Servicing Market
- Moderator: Michael Dranye, Senior Vice President, Ginnie Mae
- Stanley C. Middleman, CEO, Freedom Mortgage Corporation
- Michael Dubeck, CEO & President, Plant Financial Group, LLC
- Gregory S. Tornquist, Chairman, President & CEO, Cenlar, FSB
Having a robust healthy mortgage servicing market is crucial for ocnsumers, to the housing finance industry and to the entire housing ecosystem. Industry shifts such as the rise of non-bank servicers, the deconsolidation of the industry and the rise of sub-servicers are only a few of the challenges that mortgage servicer face. This distinguished panel of committed industry experts will share their successes and thoughts about what has to happen if the industry is to be successful and meet the need for a strong, capable national mortgage servicing infrastructure to serve American homeownership in the decades ahead.
Panelists will cover such topics as:
- Operational infrastructure, including meeting regulatory needs: What is now required to succeed? How has this changed, and what does the future hold?
- Liquidity, from the perspective of the servicer: What is the need? How has this changed, and what does the future hold?
- Liquidity, from the perspective of a financier: What is the market able to provide? Can it meet the need? What needs to change to make the situation healthier?
11:15 AM – 12:00 PM Economic Outlook from Mark Zandi
- Mark Zandi, Chief Economic, Moody's Analytics
The economy is performing well and near-term prospects are good. Key to this optimism is a strengthening housing market. There are threats, but they remain manageable.
12:00 PM – 12:15 PM Networking Break
12:15 PM – 1:15 PM Lunch (Ticket Required) - Grand Ballroom
1:15 PM – 2:15 PM Breakout Sessions (Concurrent)
Ginnie Mae Program
Essentials for Success
The Differences
Between Ginnie Mae & The GSE's and Why It Is Important
- Angel Hernandez, Policy and Program Development Specialist, Office of Issuer and Portfolio Management, Ginnie Mae
This presentation will discuss the uniqueness of the Ginnie
Mae model and how its status as a Government Corporation informs its mission
and operations.
Tips and Insights for
Future Success
Tips for Document
Custodians: ABC's of Compliance Review
- Susan Skiles, Mortgage Banking Analyst, Ginnie Mae
- Reza Hoomani, Senior Manager, Deloitte
- Robert Nelson, Senior Consultant, Deloitte
This presentation by Ginnie Mae's field review team
addressing the top ten findings Document Custodians Review and tips on how to
avoid them.
Industry at Large: Successes
& Opportunities
Capital Markets
Overview
- John Getchis, Senior Vice President, Capital Markets, Ginnie Mae
- Scott Buchta, Brean Capital
- Jay Ladieu, Managing Director, Global Fixed Income, Cash & Currency, State Street Global Advisors
Hear about the major issues of concern to Ginnie Mae security-holders and how they are relevant to mortgage origination and servicing.
2:15 PM – 3:15 PM Breakout Sessions (Concurrent)
Ginnie Mae Program Essentials
for Success
Document Custody
Essentials for Issuers
- Susan Skiles, Mortgage Banking Analyst, Office of Issuer and Portfolio Management, Ginnie Mae
- Stephanie Schader, Program Development Manager, Office of Issuer and Portfolio Management, Ginnie Mae
- Angel Hernandez, Policy and Program Development Specialist, Office of Issuer and Portfolio Management, Ginnie Mae
This presentation will discuss recent updates to Ginnie
Mae's Document Custody Manual, with a focus on Issuer responsibilities
concerning the pool certification process.
Tips and Insights for
Future Success
Tips for Issuers:
ABC's of Compliance Reviews
- Paul St. Laurent, III, Lead Mortgage Banking Analyst, Office of Issuer & Portfolio Management, Ginnie Mae
- Jamie Cowan, Senior Consultant, Deloitte
- Melissa Caperton, Specialist Master, Deloitte
This presentation by Ginnie Mae's field review team addressing the top ten findings of an Issuer Review and tipis on how to avoid them.
Industry at Large:
Successes & Opportunities
Understanding Ginnie Mae's Approach to Counterparty Risk
- Zach Skochko, Director, Counterparty Risk, Office of Enterprise Risk, Ginnie Mae
Ginnie Mae's approach to counterparty risk ensures long-term, safe, and sound administration of the MBS program. This session will provide an overview of the discrete activities applied to issuers of mortgage backed securities, Ginnie Mae's primary counterparty. After this session, you will understand why major Guide requirements exists and how Ginnie Mae performs the risk control.
3:15 PM – 3:30 PM Networking Break
3:30 PM – 4:30 PM Breakout Sessions (Concurrent)
Ginnie Mae Program
Essentials for Success
Investor Reporting
& Accounting Deep Dive
- Donna Curran, Account Executive, Office of Issuer & Portfolio Management, Ginnie Mae
- Rudolph (Tony) Fraser, Mortgage Banking Analyst, Office of Issuer & Portfolio Management, Ginnie Mae
- Nancy Strickland, Manager, Virtual Development Corporation
This session will address some of the key Cash Management and Investor Accounting processes necessary for the effective execution of the Ginnie Mae program to include;
- RFS errors and corrections
-
Matching errors and corrections
- Common cash related deficiencies identified in Field Audits
- Custodial Accounting titling, ownership, acceptable abbreviations, and Master Agreements
- Bank Reconciliations
- The reconciliation of Pool to Security Balances
- The Test of Expected P&I
- Acceptable loan buyouts
Tips and Insights for
Future Success
Subservicer
Roundtable Discussion: Subservicing Best Practices
- Rene Mondonedo, Director, Monitoring & Asset Management, Office of Issuer & Portfolio Management, Ginnie Mae
- Angel Hernandez, Policy and Program Development Specialist, Officer of Issuer & Portfolio Management, Ginnie Mae
Speakers:
- Brian Head, Director Business Development, PHH Mortgage
- Shelley Ward, Senior Vice President, Loan Conversions and Escrow, Loancare
- Dave Allison, Senior Vice President, Marketing and Business Development, Dovenmuehle
- Mark Landschulz, Executive Vice President, Mortgage Servicing, Flagstar
- Jeanne Bader, Senior Vice President, Client Management, Cenlar, FSB
Come and listen to the challenges and successes that
sub-servicers are encountering in the industry and in the Ginnie Mae space.
Have the opportunity to interact with the roundtable participants facilitated
by Ginnie Mae around best practices in sub-servicer oversight.
Industry at Large:
Successes & Opportunities
FHA: Streamlining Guidance and Supporting the Borrower
Moderators:
- Robert Mulderig, Acting Deputy Assistant Security for Single-Family Housing and Urban Development, Federal Housing Administration, U.S. Department of Housing and Urban Development
- Kevin Stevens, Director, Home Mortgage Insurance Division, Federal Housing Administration, U.S. Department of Housing and Urban Development
- Justin Burch, Director, Quality Assurance Division, Federal Housing Administration, U.S. Department of Housing and Urban Development
FHA has had a big year in reworking its program guidance,
making nearly record breaking numbers of loan endorsements, and responding to
controversial issues like lender certification while building program structure
to accommodate energy goals through the PACE program. Compliance and monitoring
objectives, servicing guidance and more will be on the table.
Questions will be answered, time permitting.
4:30 PM – 5:30 PM Breakout Sessions (Concurrent)
Ginnie Mae Program
Essentials for Success
Pooling and Pool
Management Deep Dive
- John Kozak, Account Executive, Office of Issuer & Portfolio Management, Ginnie Mae
- Rick Garner, President, Virtual Development Corporation
- Andrea Hunter, Vice President, Bank of New York Mellon
A presentation taken from issuer training session on matters
that are sometimes overlooked or perhaps not abundantly clear. Also,
things issuers can do, perfectly legitimate, that can alleviate some of the
administrative burdens related to operating within compliance requirements.
Tips and Insights for
Future Success
Ginnie Mae
Jeopardy
- Rene Mondonedo, Director, Monitoring & Asset Management, Office of Issuer & Portfolio Management, Ginnie Mae
- Angel Hernandez, Policy and Program Development Specialist, Office of Issuer and Portfolio Management, Ginnie Mae
- Rene Braxton, Mortgage Banking Analyst, Ginnie Mae
This session a game style show type of competition, testing
the audiences’ familiarity with Ginnie Mae rules and requirements.
Industry at Large:
Successes & Opportunities
Industry Feedback Group Customer Adoption Session
- Laticia Jefferson, Senior Business Analyst, Office of Securities Operations, Ginnie Mae
- Stephanie Schader, Program Development Manager, Office of Issuer & Portfolio Management, Ginnie Mae
Come be a part of the newly formed Industry Feedback Group, established to provide stakeholder insights and input into Ginnie Mae's business and operations. During the first gathering, Ginnie mae representatives will lay out a platform for the group and use the session to begin collecting stakeholder feedback. This session is open to those who have already signed up to be a member of the Industry Feedback Group and to those who think they might like to join.
5:15 PM – 6:00 PM Networking Session
Tuesday, September 20
8:00 AM – 3:00 PM Registration
9:00 AM – 10:00 AM General Session – Market Update MSR
- Roy Hormuth, Director, Single-Family Division, Office of Issuer and Portfolio Management, Ginnie Mae
- Michael Ehrlich, Senior Mortgage Specialist, Thompson Reuters
- Stephen B. Fleming, Senior Vice President of Phoenix Capital, Inc.
Two industry leading experts in the MSR market, Stephen Fleming of Phoenix Capital and Michael Ehrlich of Thompson Reuters will provide a high level evaluation and analysis of the Ginnie Mae servicing market conditions. They will also discuss the pros and cons of the execution options and what buyers are looking for in portfolios and what characteristics are problematic from a selling perspective. Roy Hormuth of Ginnie Mae will provide his prospective on the market and describe what concerns Ginnie Mae has in managing the volumes of transfers occurring in the marketplace. A question and answer session will be held amongst the panelists and be opened up tothe audience.
Market Update MSR
10:00 AM – 10:15 AM Networking Break
10:15 AM – 11:15 AM Breakout Sessions (Concurrent)
Ginnie Mae Program
Essentials for Success
Document Custody
FAQs and Guide Updates
- Susan Skiles, Mortgage Banking Analyst, Office of Issuer and Portfolio Management, Ginnie Mae
- Stephanie Schader, Program Development Manager, Office of Issuer and Portfolio Management, Ginnie Mae
- Angel Hernandez, Policy and Program Development Specialist, Office of Issuer & Portfolio Management, Ginnie Mae
A session addressing summer updates to the Document Custody
Manual.
Tips and Insights for
Future Success
Things to Consider
When Moving Servicing
- Donna Curran, Account Executive, Ginnie Mae
- Sharon Wandrick, Mortgage Banking Analyst, Ginnie Mae
For Issuers considering switching from their current loan servicing model, this session will review required and recommended tasks, reminders, and example timelines necessary to make the transition a successful one. We will be discussing servicing moves such as:
- From one sub-servicer to another sub-servicer
- From in-house servicing to a sub-servicer model
- From sub-servicer to in-house servicing model
- Mini Bulk transfers
- PIIT Transfers
Industry at Large:
Successes & Opportunities
VA: Maintaining a Major Presence with Ginnie Mae
- Jeffrey London, Acting Director, Loan Guaranty Service, U.S. Department of Veterans Affairs
- John Bell, III, Assistant Director, Loan Guaranty Service, U.S. Department of Veterans Affairs
Government agencies don't compete for market share or influence, but as VA loans occupy 40% of Ginnie Mae pools, it is important to understand how VA sees itself as a benefit program for veternas, first and foremost, and the impact that viewpoint makes on VA's policies and procedures. Speakers will share recent changes at VA, issues the teeam has encountered this year, servicing strategies and how you can maximize the value of the VA Loan Guaranty program.
11:15 AM – 11:30 AM Networking Break
11:30 AM – 12:30 PM Breakout Sessions (Concurrent)
Ginnie Mae Program Essentials for Success
My Ginnie Mae -
GMEP 2.0 Instructions for Security Officers - CLOSED SESSION
Tips and Insights for
Future Success
IOPP 2.0 Update
- Marcus Valentine, Mortgage Banking Analyst, Office of Issuer & Portfolio Management, Ginnie Mae
- Mike Werstuik, Manager, Deloitte
This session will discuss enhancements presently in
development for the IOPP 2.0 scorecard which will include refinements to
current metric and tier calculations and add new metrics. These
enhancements will improve the Issuer experience, increase credibility, provide
additional functionality and is the second step in working toward tying the
metric scores to Ginnie Mae MBS Guide.
Industry at Large: Successes
& Opportunities
Rural Development: USDA
Leading Change
- Joaquin Tremols, Director, Single Family Housing Guaranteed Loan Program, Rural Housing Service, U.S. Department of Agriculture
- Michelle Corridon, Deputy Director, Single Family Housing Guaranteed Loan Program, Rural Housing Service, U.S. Department of Agriculture
- Richard Kane, Loan and Finance Analyst, Single Family Housing Guaranteed Loan Program, Rural Housing Service, U.S. Department of Agriculture
- Tammy Salvo, Director, New Program Initiatives Branch, USDA-RD-CSC
USDA has overseen major business partner changes in its program, including large transfers of servicing, and is launching more initiatives to increase its profile. The team will explain ways in which RD has revised its fees to attract the support its borrowers in rural areas need. In recent months, USDA and the Federal Reserve and other agencies have been leading DC policy experts in asking what our policy ought to be for rural areas. Meanwhile, you might be surprised how many areas near you can benefit from the supportive programs of RD. The speakers will answer questions.
12:30 PM – 1:30 PM Lunch on Your Own
1:30 PM – 2:30 PM Breakout Sessions (Concurrent)
Ginnie Mae Program
Essentials for Success
Maintaining Issuer
Eligibility
- Harlan Jones, Director of Account Management, Single Family, Officer of Issuer & Portfolio Management, Ginnie Mae
- John Staudt, Mortgage Banking Analyst, Office of Issuer & Portfolio Management, Ginnie Mae
This session will be an interactive discussion regarding Issuer eligibility requirements and how to maintain your eligibility in the Ginnie Mae program. We will discuss both financial and operational requirements in this session.
Tips and Insights for
Future Success
Subservicing
Oversight Plan Workshop
- Jonathan Hughes, Senior Account Executive, Ginnie Mae
- Sharon Wandrick, Mortgage Banking Analyst, Ginnie Mae
Issuers that use sub-servicers need to have proper oversight of theire sub-servicer's processes throughout the life of their Ginnie Mae servicing portfolio. A good oversight plan should cover each phase of a loan throughout its life cycle, boarding maintenance, pay-off, loss mitigation, etc. In this workshop, participants will collectively identify points in the servicing cycle where oversight is needed adn various oversight methodologies. The session will be interactive.
Industry at Large:
Successes & Opportunities
Mergers &
Acquisitions
- Zack Skochko, Director, Counterparty Risk, Office of Enterprise Risk, Ginnie Mae
Is your company involved in an M&A transaction? Learn about Ginnie Mae's due diligence and Issuer Guide requirements if your company is facing a change of ownership, merger, sale of general assets, or portfolio sale of MSR assets.
2:30 PM – 2:45 PM Networking Break
2:45 PM – 3:45 PM Breakout Sessions (Concurrent)
Ginnie Mae Program
Essentials for Success
Getting Started
and Being a Successful Ginnie Mae Issuer
- Richard Washington, Senior Account Executive, Office of Issuer & Portfolio Management, Ginnie Mae
- John Kozak, Account Executive, Office of Issuer & Portfolio Management, Ginnie Mae
Two 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.
Tips and Insights for
Future Success
MISMO Update
- Tamara Togans, Director of Enterprise Data Solutions, Office of Enterprise Data & Technology Solutions, 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.
Industry at Large:
Successes & Opportunities
CFPB: New Servicing Rule and Enforcement Priorities
- Laurie Maggiano, Program Manager, Servicing & Secondary Markets, Consumer Financial Protection Bureau
CFPB legal and business mortgage experts will bring you up
to date on what you need to know to service in accordance with the new rule,
just published in August after a couple of years in the making. The
Bureau staff will also give you some insight on the enforcement priorities, and
will entertain audience questions.
3:45 PM Conference Concludes