Loss Mitigation Update audio conference (E1)

Product Details

Lenders and servicers may not have wanted all the experience they’re getting at loss mitigation, but should welcome another tool to keep people in their homes. This month marks the debut of FHA’s new HOPE for Homeowners program, designed for distressed homeowners whose mortgage balance exceeds the current appraised value of their house. One large lender has estimated that it expects to do over $2.5 billion in H4H loans—you need to know about this opportunity. Attend this audio conference October 30th for all the details of this complex new program—an effective bailout for qualified borrowers.

As part of the government’s “rescue” plan there will be an even stronger emphasis on aggressive loss mitigation efforts. The industry will feel more pressure to modify loans and needs to understand the options.

Although loss mitigation depends on the borrower’s circumstances, servicers encourage people to discuss workout solutions, such as repayment plans, loan modifications, short-term refi and short sales. This panel of experts will discuss how loss mitigation has evolved and what strategies and tools you can use to reduce your losses and satisfy investors.

Speakers for This Event Are:

• Margaret Burns, Director of the Office of Single Family Program Development, FHA;
• Laurie Maggiano, Senior Policy Advisor, Office of Single Family Asset Management, FHA;
• Tom Deutsch, Deputy Executive Director, American Securitization Forum;
• Allen H. Jones, Senior Vice President, Government Lending Enterprise Executive, Bank of America; and
• Guy Cecala, Publisher, Inside Mortgage Finance, will moderate.

Attend This Audio Conference and Learn:

• Who are the eligible borrowers for the new HOPE for Homeowners (H4H) program;
• What complicates principal write downs;
• How to determine the new loan amount for H4H mortgages;
• When are loan modifications the best option;
• How subordinate financing affects loans in the H4H program;
• The difference between HOPE for Homeowners and FHASecure;
• How the H4H program’s equity sharing works;
• What servicers are dealing with day-to-day and the trends that have emerged;
• What re-default rates others are experiencing; and
• Other loss mitigation strategies and trends in today’s distressed mortgage market.

• Conference attendance for you and your team around your speakerphone at one location;
• A very useful resource—the conference manual—which includes a program outline, contact information and background on our speakers, plus value-added articles from the pages of Inside Mortgage Finance;
• A full transcript, emailed to you when you take our post-conference survey; and
• The opportunity to connect with any or all of the speakers anonymously during the audience Q&A sessions—a favorite part of these events.

You will receive an e-mail confirmation shortly after you complete the registration. You may also contact us at (301) 951-1240.