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The Program
8:30 a.m.
Early Registration,Continental Breakfast
9:30 a.m. - 10:00 a.m.
Session I: Understanding and Profiting from Changes in the Mortgage Industry
How are interest rate, product and credit cycle changes going to affect you?
Dennis Hart, Chairman, First California Mortgage Company, presenter
Topics covered:
| · | Interest rate trends-the long view. |
| · | Growing diversity in mortgage products-where is it leading? |
| · | Mortgage defaults and foreclosures: how much can the market absorb? |
10:00 a.m. - 12:00 p.m.
Session II: Identifying and Preventing Mortgage Fraud
What's fueling loan fraud-and how to create controls to mitigate it.
Lewis J. Allen, Vice President/Chief Appraiser, Option One, presenter
Topics covered:
| · | What's fueling mortgage fraud? Industry conditions that contribute to its pervasiveness. |
| · | Alone and in concert: How fraud artists game the system |
| · | Appraisal fraud schemes and scams; fraud artists take advantage of rapidly changing markets |
| · | Where do you find fraud? Property and transaction types under scrutiny |
| · | Red flag conditions: How to determine if you're at risk |
| · | Blocking and tackling strategies for preventing fraud |
| · | Third-party tools and information - can they really help spot fraud? |
| · | What the mortgage industry must do to shift the balance of power |
12:00 p.m. - 1:00 p.m.
Buffet Lunch (hot and cold entrees), Raffle drawing of gifts
1:00 p.m. - 2:30 p.m.
Session III: Survival of the Fittest
What you must know now to survive in a changing market
Spencer Scheer, Esq., Scheer Law Group, LLP, presenter
Topics covered:
Part 1
What Are the Trends? How to Prepare, Respond and Thrive
| · | Fallout from the subprime meltdown: what is next? |
| · | Successful loss mitigation strategies are a must |
Part 2
Loss Mitigation Issues and Tools
| · | Cross collateral and cross default provisions |
| · | Loan modifications and forbearance agreements: You need to do more than cover the basics |
| · | Default interest - can you get it and can you keep it? |
| · | What are your options when your security is worthless? (Sold-out junior lienors) |
| · | Title claims |
Part 3
Warning Signs: How to Recognize Fraudulent Scenarios and What to Do About Them
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What should brokers be concerned with? What every "wholesale" lender must do in response to repurchase requests |
| · | Broker agreements/loan repurchase agreements: Make them work for you |
| · | Choosing the appropriate response: From love to litigation to title claims |
| · | Successful litigation options |
| · | What if there is a bankruptcy? |
Part 4
| · | Beware: "Cramdowns" are back. Can you lose your security interest in bankruptcy? How to prevent it |
| · | Can you now stop serial bankruptcy filings? How to do it |
| · | Successful strategies in Chapter 13 and 11 cases |
| · | Non-discharge actions: When to use them, how to use them |
Part 5
Post-foreclosure Considerations
2:30 p.m. - 2:45 p.m.
Break
2:45 p.m. - 3:00 p.m.
Closing Remarks
Scott Myers, President, Standard Trust Deed
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