Preliminary Agenda
Schedule subject to change.
Thursday, June 2
 
8:00 a.m.-5:00 p.m.
Conference Registration
 
8:00 a.m.-9:00 a.m.
Coffee Service
 
8:00 a.m.-5:00 p.m.
Table Top Exhibits Open
 
9:00 a.m.-10:00 a.m.
Opening General Session

Welcoming Remarks:
Michael F. Petrie , CMB Chairman MBA

Featured speakers:
Frank L. Davis
General Deputy Assistant Secretary/Deputy FHA-Housing Commissioner, U.S. Department of Housing and Urban Development (HUD)
Keith Pedigo
Director, Loan Guaranty Services, U.S. Department of Veterans Affairs (VA)
Russell T. Davis
Administrator, Rural Housing Service, U.S. Department of Agriculture (USDA)
Michael J. Frenz
Executive Vice President, Ginnie Mae
 
Government housing programs have a long history of expanding homeownership opportunities for American families. Hear directly from the leaders of the government's top three homeownership programs, FHA, VA and USDA, as they discuss plans to adapt their programs for the needs of a 21st century housing market. Learn how these changes affect your company's businiess and how new programs, as well as proposed changes to existing programs, continue to help the underserved borrower.
 
10:00 a.m.-10:15 a.m.
Break
 
10:15 a.m.-Noon
Credit Policy / Underwriting

Moderator:
Bud Carter, Senior Vice President, Potomac Partners, LLC

Panelists:
Vance Morris , Director, Office of Single Family Program Development, HUD
Robert Finneran, Assistant Director for Loan Policy and Valuations, Loan Guaranty Service, VA

Understanding how FHA and VA use credit policies is essential for fitting government housing products into your pipeline. Get the one-year update on FHA's TOTAL Scorecard and the hybrid adjustable-rate mortgage (ARM) program. Get your questions answered about FHA's mortgagee letters on appraisals, new construction and more. Learn about upcoming changes, including possible VA allowable fee revisions.
 
Noon - 1:15 p.m.
Luncheon

Moderator:
Michael F. Petrie , CMB

Speaker:
Roy A. Bernardi, Deputy Sectretary, Department of Housing and Urban Development
 
As the lead Federal agency on housing issues, the Department of Housing and Urban Development manages a number of issues related to homeownership - from RESPA to FHA to the American Dream Downpayment program. Hear from the Deputy Secretary about HUD's efforts in creating an ownership society and bridging the homeownership gap.

1:15 p.m.-2:15 p.m.
Getting Your Loans Endorsed or Guaranteed

Panelists:
Vance Morris , Director, Office of Single Family Program Development, HUD
Robert Finneran , Assistant Director for Loan Policy and Valuations, VA
 
Closing the loan only gets you halfway to where you need to be. Stay current on endorsement, guarantee and compliance issues to avoid the risk of turning profitable loans into uninsured losses. Hear from FHA about their changes for the endorsement process, including plans for document imaging and electronic endorsement. Hear from VA about changes that were part of the comprehensive evaluation completed during the past year. Walk away with concrete tips on how to successfully increase your endorsement and guarantee rate.
 
2:15 p.m.-2:30 p.m.
Break
 
2:30 p.m.-3:30 p.m.
FHA and VA Appraisal Issues

Moderator:
Timothy J. Doyle , Director, Mortgage Bankers Association

Panelists:
Joyce R. Johnson, Director, Home Valuation Policy Division, HUD
Gerald Kifer, Supervisory Appraiser, Loan Guaranty Service, VA

Appraisal issues have received much attention at both FHA and VA. Learn how FHA's Lender Accountability for Appraisal Rule will be implemented and get clarification on the changes being imposed by Mortgagee Letter 2005-02. Hear also about VA's substantive changes to their appraiser roster and to the lender's ability to give input on appraisals. Understand how these changes are working and what plans FHA and VA has for future improvements.
 
3:30 p.m.-3:45 p.m.
Break
 
3:45 p.m.-5:00 p.m.
Discussion with the Homeownership Center Directors
 
FHA's Homeownership Centers (HOC) are the primary regional contact for all FHA lenders. While implementing a common program, each HOC has to accommodate unique circumstances and coordinate issues as they arise. Learn from the director of each HOC about individual office operations and collective management of FHA's mission.
 
Moderator:
Timothy J. Doyle , Director, Mortgage Bankers Association
 
Panelists:
Ron Bailey , Director, Single Family Denver Homeownership Center, HUD
Joseph C. Bates , Director, Single Family Santa Ana Homeownership Center, HUD
Charles Gardner , Director, Single Family Atlanta Homeownership Center, HUD
Engram Lloyd , Director, Single Family Philadelphia Homeownership Center, HUD
 
5:30 p.m.-6:30 p.m.
Reception
 
Networking with your peers is one of the best ways to gain insight.
 
Friday, June 3
 
8:30 a.m.-12:30 p.m.
Conference Registration
 
8:30 a.m.-9:00 a.m.
Coffee Service
 
9:00 a.m.-10:00 a.m.
Managing Audits and Avoiding Indemnifications

Panelists:
Phillip Murray , Director, Office of Lender Activities and Program Compliance, HUD
Herman N. Cohen , Chief, Lender Monitoring Unit, VA

A visit from the FHA or VA auditor does not have to result in indemnifications. Learn directly from FHA and VA officials regarding what they see and what they look for. Hear about changes being contemplated for audit processes and how you can prepare your operations to obtain the best audits possible.
 
10:00 a.m.-10:45 a.m.
Using Neighborhood Watch/Avoiding Credit Watch
 
Panelists:
Phillip Murray , Director, Office of Lender Activities and Program Compliance, HUD
Mitch Kider , Managing Partner, Weiner Brodsky Sidman Kider PC

FHA has given lenders a powerful tool for monitoring portfolios, especially those of loan correspondents in Neighborhood Watch, which can aid in avoiding Credit Watch. Listen as FHA explains future expansions of Credit Watch for underwriting mortgagees and the implications these changes will have on your operations.
 
10:45 a.m.-11:00 a.m.
Break
 
11:00 a.m.-12:30 p.m.
Specialty Product Sessions

Renovation Lending - 203(k)

Panelists:
Vance Morris ,  Director, Office of Single Family Program Development, HUD
Jane C. King , Vice President of Renovation Lending, Irwin Mortgage Corporation

Learn FHA's plans for this important renovation product and how changes may affect your ability to make this a useful part of your portfolio.  Hear sbout plans to introduce a streamline 203(K) program that will help to quickly move properties with lower rehabilitaltion needs.

Reverse Mortgages - HECMs

Moderator:
Jeff Taylor , Vice President - Senior Products, Wells Fargo Home Mortgage

Panelists:
Ron Bailey , Director, Single Family Denver Homeownership Center, HUD
Joseph C. Bates , Director, Single Family Santa Ana Homeownership Center, HUD
Charles Gardner , Director, Single Family Atlanta Homeownership Center, HUD
Engram Lloyd , Director, Single Family Philadelphia Homeownership Center, HUD

Production has doubled each of the last three years under this program and 2005 is shaping up to be another great year. Learn the policy changes that are being implemented, such as the counseling changes outlined in Mortgagee Letter 2004-25, nationwide loan limits for HECMS, and the HECM refinance program, and how they affect your origination of reverse mortgages.  Hear from the HOC Directors about their views of the HECM program.

Section 502 Guaranteed Housing Product

Panelists:
Roger Glendenning , Director, Single Family Housing Guaranteed Loan Division, RHS
Jack W. Jones , Vice President, Chase Home Finance

This product has become very popular in the past 3 years!  Changes made over the past several years have turned this program into a great niche product for lenders originating in rural areas. Learn the features of this program, such as no downpayment and no annual mortgage insurance, and how recent and proposed changes may impract the program's use.

12:30 p.m.
Conference Concludes