Las Vegas, NV (February 25-28)
SFIG and co-host IMN hosted the largest capital markets conference in the world at the Aria Resort & Casino in Las Vegas this February. The three-and-a-half day program was designed by leaders within the structured finance industry representing the full spectrum of industry participants, including investors, issuers, financial intermediaries, regulators, law firms, accounting firms, technology firms, rating agencies, servicers and trustees. Aspen executives were in attendance.
Some fascinating insights emerged from the conference, with Michael Bright, acting president of Ginnie Mae revealing that risk-sharing transactions could involve the private market taking credit risk on FHA loans in mortgage-backed securities (MBS) guaranteed by Ginnie. He noted that he would welcome the issue of at least one pilot transaction this year. One option he suggested for risk sharing on Ginnie Mae MBS might involve re-insurance on FHA mortgages, with substantially reduced mortgage insurance premiums for the loans with private-capital risk sharing.
Dallas, TX (March 6-8)
The annual NAMFS Leadership Summit and Open Forum focused on the direction and opportunities available to the National Association of Mortgage Field Services. It involved two separate events—an invitation-only leadership summit and a forum that was open to all members.
Summit and Forum
The NAMFS Leadership Summit took place the day after the open forum on March 8 and featured discussion of the open forum topics, as well as a review of strategic initiatives for NAMFS. The Open Forum (March 7) was available to all NAMFS members and gave members an opportunity to bring their questions, feedback, and ideas to the NAMFS officers and board of directors. Aspen attended this event and contributed to the open discussion regarding industry-related issues. The main focus of the event was on working toward solutions rather than simply airing grievances.
Nashville, Tennessee (March 21-22)
Five Star has organized a new conference to launch a new route for the industry, covering all aspects of Fintech and its future applications. At the inaugural Five Star Fintech Summit, speakers from the technology, operations, and mortgage industries will discuss the latest approaches to bringing financial technology into the forefront of consumers’ experience. Transparency, accessibility, and ease of use are all focused on during this two-day meeting.
New York, NY (March 26-27)
The annual IMN Residential Mortgage Servicing Rights Conference attracts more than 400 participants to New York City, 180 of them from banks, non-bank originators, mortgage investors, hedge funds, and other institutional investors. The IMN forum is the only opportunity on the calendar for owners and administrators of mortgage servicing rights to get together for a dedicated day and a half and discuss nothing but mortgage servicing rights. Given our climate of heightened regulatory scrutiny and low interest rates, it is even more important for the $10 trillion MSR industry to gather and examine the latest developments.
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The 9th Annual Five Star Government Forum brings together leaders in mortgage servicing and the federal government for a full day of open dialogue about the industry’s most important issues. Officials who make vital decisions on the direction of the housing economy work with the mortgage industry to ensure that the regulations protecting the industry and its customers are sensible. Among the groups represented at the 2018 Five Star Government Forum are the CFPB, HUD, FHFA, Fannie Mae, Freddie Mac, and Ginnie Mae.
Aspen Hosts 2018 NMSA Member Reception
The forum itself takes place at the iconic Newseum in Washington, D.C. on April 3. That evening, Aspen Grove Solutions will host a National Mortgage Servicing Association (NMSA) members’ reception at the Bibiana Osteria Enoteca. The NMSA is a nonpartisan organization designed to drive progress and change on the main issues facing the mortgage servicing industry. NMSA members are invited to join us for a private dinner and reception. What better way to round off the day’s proceedings?
A More Perfect Union – The Agenda
After the morning’s keynote speech, thoughts will turn to developments in policy and regulation. You will hear from a panel of experts on what is happening in the areas of laws and regulations and what your company should be doing to remain in the loop.
The industry’s leading economists will then discuss the economic conditions driving homeownership and the prospects for another housing bubble.
After lunch, attention will focus on the change of leadership at the Consumer Financial Protection Bureau (CFPB) and its implications for the CFPB’s priorities in 2018. Then, a panel will examine the issue of responsibly extending access to credit across the current and future mortgage markets.
The final discussion in the packed schedule centers on the implications of the changes within HUD for the future of housing.
The 2018 Five Star Government Forum is addressed by some of the industry’s most impressive thought leaders. These compelling contributors are highly influential among their peers and other representatives of the mortgage industry. Collectively, they have built decades of experience and played key roles in leading the federal government and the mortgage industry. They include Mark McArdle, assistant director of mortgage markets at the CFPB; Yvette Gilmore, vice president of servicing performance management at Freddie Mac; Mark Palim, deputy chief economist at Fannie Mae; and Ed Delgado, president & CEO of the Five Star Institute.