Monday, August 3rd, 2020

2:00 PM ()
MSR: Valuation, Risk Management & Hedging

• Please scroll down to view webcast. After the latest roller coaster ride the MSR asset took us on things seem to be finally seem to be trending back to a new normal.  Attend IMN’s July update to discover what the new normal is for

  • Forbearance & Servicing
  • Valuations
  • Financing
  • Stress Testing & Risk Management

  Looking forward to the information sharing and networking…
  
  

Sponsored by:

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2:00 PM ()
Forbearance Projections, Loss Mitigation & It’s Challenges To Servicing, The MSR Asset & Sales

• • How many loans are currently in forbearance? In what direction are they trending? What are the loans characteristics?
  • The latest DC, Agency and state regulations to be concerned with
  • How are you financing forbearances?
  • Forbearance and MSR transfers
  • Customer service and forbearance management best practices
  • Dealing with advances
  • When are you using non-forbearance loan mitigation strategies?
  • How are you treating forbearance requests on non-QM loans?
  • Handling loans already in default before Covid-19
  • How many people in forbearance are still paying?
  
  

  • Simon Aldrich, Executive Vice President (Freedom Mortgage Corporation)
  • Andy Walden, Economist and Director of Market Research (Black Knight Financial Services)
  • David Sheeler, President (Freedom Mortgage)

2:30 PM ()
Financing MSR: Lines Of Credit, Repos, Securitization, Excess Servicing Rights & Servicing Advances

• • How liquid is the ABS market?
  • Tapping prepayments for liquidity purposes
  • Impact and practical use of Ginnie Mae recognition of servicing advance financing facilities under the acknowledgement agreement
  • How did the drawdowns go? Are lines still being cut?
  • Repo terms and warehouse banks: Has there been a change in acceptable collateral? What kind of haircuts are out there?
  
  

  • Erik Klingenberg, Chair, Capital Markets (Dentons)
  • Dominic Obaditch, Director (Credit Suisse)
  • Michael Drayne, Senior Vice President-Office of Issuer and Portfolio (Ginnie Mae)
  • Tim Wilkinson, Capital Markets (Longbridge Financial)

3:10 PM ()
MSR Valuation- Best Practices In Choppy Markets

• • Impact of new Freddie forbearance practices
  • Valuing loans in forbearance and default
  • Scenario analysis and valuation models: What are you modeling for? Have there been any changes?
  • Impact of low interest rates and prepayments
  • Valuing non-GSE transactions
  • Mark-to-market best practices
  • What kind of model tweaks are you considering?
  • Fair value of MSR and hedges in choppy markets
  
  

  • Jason Vinar, Managing Director (Two Harbors Investment Corp.)
  • Brian Ye, Managing Director (JP Morgan Securities LLC)
  • Michael Carnes, Managing Director (MIAC)