Product Details
Thursday, April 23, 2009 from 3:00 - 4:30 PM EDT
Fannie Mae and Freddie Mac have been tapped by the government to help millions of homeowners refinance or modify their mortgages this year. Find out exactly how the GSEs’ new loan modification and refinance programs will work at a must-attend audio conference from Inside Mortgage Finance on April 23 at 3 pm EDT. Hear directly from top Fannie and Freddie officials on the ins and outs of the two new programs.
The Obama administration has carved out a major role for Fannie Mae and Freddie Mac in its new Homeowner Affordability and Stability Plan. Specifically, the two GSEs have been directed to encourage loan modifications for distressed homeowners and, separately, to permit streamlined refinancing for current GSE borrowers who have little or no equity in their homes.
Both Fannie and Freddie are moving quickly to implement the two new initiatives, but are taking somewhat different approaches when it comes to risk-based pricing, appraisals, underwriting processes and more. Find out which borrowers and which loans will and won’t qualify for the two new GSE plans. Get all the details and guidance on how to use these significant new programs.
These Experts Will Share Their Insights and Answer Your Questions:
- Dave Worrall, VP Operations, Single-Family National Servicing Organization, Fannie Mae;
- Jef Kinney, VP Innovation Development, Fannie Mae;
- Patricia McClung, VP Single Family Sourcing, Freddie Mac;
- Robert R. Padgett, Managing Director of Non-Performing Loans, Freddie Mac;
- Guy Cecala, Publisher, Inside Mortgage Finance, will moderate.
During This Live 90-Minute Session You'll Learn About:
- Differences between the two GSE refinance and loan modification programs;
- Incentives for servicers and borrowers;
- Working with mortgage insurance companies;
- Property valuation policies and appraisal standards;
- Credit scores and documentation;
- Underwriting processes including the option of using Fannie’s Desktop Underwriter;
- Loan-to-value ratios and net present value;
- How onerous the cost of reducing borrowers’ DTI will be;
- How quickly the new plan can gain traction;
- Loan-level pricing adjustments and post-settlement delivery fees;
- Which borrowers will benefit most; and
- Other key details of the new GSE refinance and loan modification programs.
- Conference attendance for you and your entire team around your speakerphone;
- A very useful resource—the conference manual—which includes a program outline, speaker bios and supplemental materials, plus key articles on the topic from the pages of Inside Mortgage Finance and our other newsletters;
- 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.