Home

Registration

Schedule

Sessions

General Information

Deconstructing HAMP with Fannie & Freddie
8:20 am - 9:50 am

Home Affordable Modification Program (HAMP) is a key component of the U.S. Department of Treasury’s Home Affordability & Stability Plan and was designed to help at-risk homeowners by providing a framework for consistent handling of modifications.  GSE and non-GSE guaranteed loans are affected by the mandates of HAMP.  The process for handling each type of loan differs and requires different procedures to be in place. Hear what Fannie & Freddie have to say about HAMP, their requirements for implementation, how to help your borrowers, and potential solutions to challenges HAMP has created for servicers.

The Other Side of HAMP: HUD/VA Modification Criteria
10:00 am - 11:30 am

Our panel will discuss the Eligibility of the Mortgagors, Debt to Income Ratios, trial modification payment plan, Calculation of Maximum Partial Claim Amount and Mortgagee Incentives related to the Department of Housing and Urban Development criteria.  The panel will also include a Department of Treasury expert who will talk about the effects of these programs on the real estate market in general.

The Home Affordable Modification Program (HAMP) presents especially unique challenges when the homeowner is also a debtor in a chapter 7 or chapter13 bankruptcy.  Automatic stay issues as well as the timeline of a Debtor's bankruptcy case in relationship to the HAMP trial period and the ultimate loan modification raises many unanswered questions for the loan servicer, the bankruptcy trustee and the courts.  This panel will discuss the bankruptcy implications of HAMP and confront the uncertainty facing loan servicers on many issues. 

Understanding the Home Affordable Modification Program is just the start. Implementing HAMP requires servicers to change many of their current ways of doing business. This session will provide you with a discussion of how these new requirements are affecting you, including application of trial payments, loan mod defaults, and credit reporting.  We will also discuss several hypothetical situations to give you an idea of how handle HAMP issues that may arise in your business. You will also have the opportunity to discuss any issues you may have encountered in your implementation of the Program.

Protecting Tenants at Foreclosure Act

On May 20, 2009, post-foreclosure evictions were shaken at their very foundation.  President Obama signed into law S.896 and established the Protecting Tenants after Foreclosure Act.  Come join our distinguished speakers in this two part super session as they discuss the PTFA and the ramifications of this statute thus far:  How has PTFA changed industry practices (from the servicers to the attorneys to the real estate agents); Has the industry developed or tried to develop best practices; has there been an increase in eviction litigation premised upon the PTFA; are lenders/ servicers proceeding with rental collection; has rental collection been successful or not—what have been the challenges; has the PTFA affected the marketing and/or sale of REO properties;  have the servicers responsibilities to the premises and tenants increased since the enactment; what have we learned and what lays in store for the industry.

This SUPER SESSION is available at no additional cost to all attendees or as a stand-alone workshop for a reduced registration fee of $45 for servicers only.  Simply check the "Super Session Only" selection on the registration form.