Foreclosure Relief audio conference (E1)
Product Details
Thursday, April 2, 2009 from 3:00 - 4:30 PM EDT
The Obama administration has just released the guidelines for its Home Affordable Modification program, the most aggressive and potentially far-reaching government effort to stem the tide of foreclosures sweeping over the country. While the new guidelines spell out how mortgage servicers can immediately start offering a new breed of loan modifications that offer lender, servicer and borrower incentives, they also leave a host of unanswered questions.
Find out what can and can’t be done with the new HAM program at a must-attend audio conference from Inside Mortgage Finance on April 2 at 3:00 p.m. EDT. Learn from a panel of mortgage industry experts about the ins and outs of this new program, and how you can maximize your involvement in the government’s latest foreclosure relief initiative.
Under the government’s new program, mortgage servicers, borrowers and investors will be paid for successfully completing loan modifications following strict guidelines for income verification and payment reductions. But details remain unclear on exactly how some of the incentives will work – particularly those involving second liens or home price depreciation.
These Experts Will Share Their Insights and Answer Your Questions:
- Donald C. Lampe, Partner, Womble Carlyle Sandridge & Rice PLLC;
- Laurence E. Platt, Practice Area Leader, K&L Gates LLP;
- Steve Bailey, Mortgage Servicing Executive, Mortgage, Home Equity and Insurance Services, Bank of America; and
- Guy Cecala, Publisher, Inside Mortgage Finance, will moderate.
During This Live 90-Minute Session You'll:
- The requirements for conducting 90-day trial loan modifications and who bears the costs;
- How the availability of modifications is based on conducting a new present value test comparing modifications to foreclosures;
- What must be done to screen loan mod cases for hardships;
- The latitude servicers have in determining property values for loan modifications;
- The role Fannie Mae and Freddie Mac will play in administering the HAM program not just for their own loans but also for non-agency mortgages;
- Exactly when and how incentive payments will be made to servicers, borrowers and investors;
- What loan modification fees and charges must be covered by servicers and investors, and which the government will cover; and
- Which homeowners are likely to get help—and which won’t.
- 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.