Wednesday, December 10

Noon–5:00 p.m.
Registration Open

Noon–5:00 p.m.
Exhibits Open

1:30 p.m.–2:30 p.m.
Opening General Session: Economic and Mortgage Market Outlook

• Economic and financial market developments impacting the mortgage industry
• Analysis of MBA’s most recent National Delinquency Survey (NDS) results and the implications for financial managers
• Mortgage originations forecast

Speaker
Jay Brinkmann, Chief Economist, Mortgage Bankers Association

2:30 p.m.–2:45 p.m.
Refreshment Break

2:45 p.m.–3:45 p.m.
General Session: Capital Markets Perspectives on the Real Estate Crisis

• Market developments since August 2007
• Outlook for capital markets: When will the markets “normalize”?
• The current word from Wall Street on the RMBS and CMBS markets
• Perspectives on the future of the GSEs

Speakers
Paul Miller, Managing Director, Friedman, Billings, Ramsey & Co., Inc.
Mark Brown, Principal, Stonemont Financial Group

3:45 p.m.–4:00 p.m.
Refreshment Break

4:00 p.m.–5:00 p.m.
Concurrent Sessions:

Single Family Track: Single-Family Mortgage Company Financial Performance and Strategies for Surviving the Tempest

Mortgage company financial performance data from 2007 and first half 2008 including:
    + Production and servicing revenues and costs
    + Efficiency measurement and operations trends
    + Perspectives on recent financial results
    + Implications of credit crisis on cost control
    + Strategies for staying in business

Speakers
Jim Cameron, Managing Director, STRATMOR Group
Marina Walsh, Associate Vice President, Mortgage Bankers Association

Commercial / Multifamily Track: Commercial / Multifamily Mortgage Outlook

Join us for a facilitated roundtable exploring the key trends and conditions in the commercial / multifamily markets. Topics include:
    + Loan production and channel trends (CMBS vs. portfolio lending)
    + Loan and bond pricing and performance
    + Property fundamentals

Speaker
Jay Brinkmann, Chief Economist, Mortgage Bankers Association

5:30 p.m.–7:00 p.m.
Welcoming Reception

Thursday, December 11

7:30 a.m.–5:00 p.m.
Registration Open

7:30 a.m.–8:00 a.m.
Continental Breakfast

8:00 a.m.–4:00 p.m.
Exhibits Open

8:00 a.m.–9:15 a.m.
General Session: FASB/SEC Update

• Overview of major FASB changes and proposed changes
• Disclosures for loss contingencies
• Proposed changes to hedge accounting and disclosure guidance in FAS 133
• Overview of the Fair Value Option and Measurement Guidance (FAS 156/157)
• Other FASB pronouncements and activities

Moderator
Brandon Coleman, Senior Vice President, Accounting Policy, Citigroup

Speakers
Jeffrey T. Nickell, Practice Fellow, Financial Accounting Standards Board
Jade Shopp, Partner, Regulatory and Capital Markets, Deloitte and Touche, LLP

9:15 a.m.–9:30 a.m.
Coffee Break

9:30 a.m.–10:30 a.m.
General Session: Accounting for Mortgage Securitizations

• Description of guidance in proposed amendments to FAS 140 and FIN 46(R)
• Walk-through of specific examples / case studies
• Major implications of proposed changes to FAS 140 on secondary market and mortgage securities
• The post-QSPE environment

Speakers
Andrew Mokhov, Partner, Ernst & Young
Justin Genzlinger, Partner, Actualize Consulting

10:30 a.m.–10:45 a.m.
Refreshment Break

10:45 a.m.–Noon
General Session: Servicing-Related Accounting Issues

• FAS 114: Accounting by creditors for impairment of a loan
    + Troubled Debt Restructurings (TDRs) defined
    + Specific issues raised by FAS 114 guidance
    + Potential cost to comply
    + Systems requirements
• FAS 140 implications of restructurings / loan modifications for securitized loans
• Restructurings strategies undertaken by mortgage servicers
• Accounting for servicing advances, service fees and ancillary / late fees

Speakers
Brandon Coleman, Senior Vice President, Accounting Policy, Citigroup
Jason Jacobs, Partner, KPMG LLP
Cory Stewart, CPA, CFA, Manager - Accounting Policy Group, Washington Mutual

Noon–1:30 p.m.
Luncheon Speaker: Regulatory Update

New regulations, including the Housing and Economic Recovery Act of 2008 (HERA), the most sweeping real estate finance and housing legislation in a generation, are addressed. Learn about the contents of new laws, how their provisions will be implemented and what changes your business needs to make to comply.

Speaker
Josh Denney, Associate Vice President of Public Policy, Mortgage Bankers Association

1:30 p.m.–2:30 p.m.
General Session: Mortgage-Related Pricing Methodologies

• Best practices for valuing loans and mortgagebacked securities in the current market
• Measuring other-than-temporary impairment of certain debt instruments

*Note: Mortgage servicing rights will be covered in separate session

Speakers
Joe Sturtevant, Head of Valuation Services, RiskSpan
Tim Gaven, Partner, Newbold Partners

2:30 p.m.–2:45 p.m.
Refreshment Break

2:45 p.m.–3:45 p.m.
Concurrent Sessions:

Mortgage Servicing Rights (MSRs) Valuation Methodologies
• Moving beyond broker quotes: Considerations and assumptions used to value MSRs
• Methods for testing reasonableness of MSR values
• Loan level reporting and scenario analysis
• Potential effects of house price and interest rate volatility on MSR values

Speakers
Robert W. Lee, Senior Vice President, Mortgage Industry Advisory Corporation
Thomas Ramm, Interest Rate Risk Manager, MetLife

Tax Update
• Loan modifications: Portfolio loans and REMIC / trust loans
• Foreclosure issues
• Valuation issues
• Current IRS issues

Speaker
Chuck Wheeler, Partner, Alston & Bird LLP

3:45 p.m.–4:00 p.m.
Refreshment Break

4:00 p.m.–5:00 p.m.
Concurrent Sessions:

Bank and S&L Regulatory Update
• Basel II and potential implications of changes in capital requirements
• Regulatory guidance for classifying modified loans
• Data reporting requirements
• Other related “need to knows”

Speakers
Tom Knox, Partner, PriceWaterhouseCooper
Dennis Hild, Financial Institutions Risk Management Services, Crowe Horwath LLP

Risk Management Modeling
• Modeling and measuring loss reserves for loans held for investment, residuals, pool insurance and repurchases / investor indemnifications
• Default analyses and stress testing

Speakers
Steve Josephthal, Director in Financial Services Practice Group, Navigant Consulting
Raman Mandapanka, Associate Director in Financial & Accounting Practice, Navigant Consulting

Friday, December 12

7:30 a.m.–8:00 a.m.
Continental Breakfast

7:30 a.m.–10:45 a.m.
Exhibits Open

7:30 a.m.–11:45 a.m.
Registration Open

8:00 a.m.–9:15 a.m.
General Session: Top Issues Affecting CFOs

• A panel of mortgage industry finance veterans discuss (and debate) the top financial issues affecting the mortgage business.
• Perspectives from industry thought leaders on:
    + Financial implications of borrower behavior
    + Regulatory environment
    + Products and processes
    + Industry structure
    + Pending accounting rule changes
    + Disarray of secondary markets

Moderator
Jim Gross, Associate Vice President, Mortgage Bankers Association

Speakers
Peter Maroutsos, Senior Vice President, Finance - Chief Financial Officer, Servicing, HSBC Consumer and Mortgage Lending
Terry Schmidt, Chief Financial Officer, Guild Mortgage
Cindy Tucker, Senior Vice President - Director of Planning and Reporting, MetLife Home Loans

9:15 a.m.–9:30 a.m.
Coffee Break

9:30 a.m.–10:30 a.m.
Concurrent Sessions:

Planned 2014 Conversion from US GAAP to International Accounting Standards and FASB Accounting Standards Codification Project
• Discussion of scope, purpose and timing of the codification of U.S. accounting principles
• Discussion of the project to converge U.S. accounting standards with international accounting standards

Speaker
John Kowalak, Senior Manager, Consumer Finance, PWC

Return on Investment (ROI) Analyses
• Approaches and case studies for performing financial ROI analyses for operational changes and / or major investments
• Evaluating costs / benefits of technology investments, potential offshoring and / or outsourcing

Speakers
Bill Lehman, Director, Mortgage Strategy Practice
Chuck Raby, Senior Vice President, First American Corporation

10:30 a.m.–10:45 a.m.
Refreshment Break

10:45 a.m.-11:45 a.m.
Roundtable Discussions:

• Roundtable # 1: Loss Mitigation Options and Strategies
• Roundtable # 2: Impact of Fair Value Accounting on Industry Cyclicality
• Roundtable # 3: The Mortgage Bankers Financial Reporting Form (MBFRF) — Recent Changes

Speakers
Terry Couto, Partner, Newbold
Rita Ballesteros, President, RAB Associates
William Garland, Senior Vice President, Fiserv Lending Solutions
Jim Gross, Associate Vice President, Mortgage Bankers Association

11:45 a.m.
Conference Concludes