Early Registration for this event has been closed. Onsite registration will be available.
Date: Thursday, May 20, 2010
Time: 8:00 am - 3:30 pm
Location: WilmerHale, 1875 Pennsylvania Avenue, NW, Washington, DC 20006
Metro: Farragut West (Blue and Orange)
New, Lower Cost*:
$100 - WHF Associate Members
$125 - WHF Government/Public Sector Members
$150 - WHF Private Sector Members
$225 - non-members
Program Description:
During our day-long event, we will hear from experts in the mortgage securitization market addressing issues such as the role of the Fannie Mae and Freddie Mac in the current securitization market and how to revive the private securitization market. Audience members will also hear from Hill staff and the Administration regarding regulatory reform efforts and how those efforts will set the stage for a new mortgage marketplace for consumers, lenders and investors. Participants will meet the new Ginnie Mae leadership - President Ted Tozer and Executive Vice President Mary Kinney.
Schedule:
8:00 – 8:45 am Registration and coffee
8:45 – 9:00 am Welcome and Introduction – Faith Schwartz, President, Women in Housing & Finance
9:00 – 9:30 am State of the Housing Market, Economic Outlook - Erica Groshen, New York Federal Reserve
9:30 – 10:45 am Developments in the Mortgage Securitization Markets
The panel will address such questions as: (1) the role of the Agencies in the current securitization market, (2) how is the market coping with the withdrawal of the Federal Reserve from the mortgage securitization market, (3) how to revive the private securitization market, and (4) the conflict between servicers and private investors.
- Laurie S. Goodman, Senior Managing Director, Amherst Securities
- Nancy Mueller Handal, Managing Director, MetLife Investments
- Vicki Tucker, Counsel, Hunton & Williams & Chair, American Bar Association, Committee on Securitization and Structured Finance
- Nigel D. Brazier, President, Acqura Loan Services
- Moderated by: Nancy Worth, Office of Comptroller of the Currency
10:45 to 11:00 am break
11:00 am to 12:15 pm Regulatory Reform: How Will This Shape the New Marketplace?
This panel will explore how regulatory reform efforts will set the stage for a new mortgage marketplace for consumers, lenders and investors. What is the new legislative landscape emerging from Capitol Hill? What are the outstanding issues between House and Senate versions of financial regulatory reform, and how are they likely to be resolved? How will this new landscape affect access to credit? How effective will it be in preventing future crises in liquidity and credit?
- Sarah Apsel, Policy Advisor, United States Department of Treasury
- Travis Plunkett, Legislative Director, Consumer Federation of America
- Bob Davis, Executive Vice President, Mortgage Markets, Financial Management and Public Policy, American Bankers Association
- Lawranne Stewart, Deputy Chief Counsel, Committee on Financial Services, U.S. House of Representatives
- Moderated by: Sara Kelsey, Partner, WilmerHale
12:15 to 1:30 pm Lunch - Phyllis Caldwell, United States Department of Treasury
1:30 – 2:15 Meet the New GNMA Team.
GNMA President Ted Tozer and GNMA Executive Vice President Mary Kinney discuss the new GNMA team and what is new at GNMA. The panel will also address priorities, opportunities and challenges facing GNMA as the market has shifted to government lending. GNMA is playing a significant and dominant role in the housing market recovery and represents a growing share of the overall mortgage market. Symposium attendees will hear panelist perspectives on GNMA's current role and their vision for the future.
- Ted Tozer, President, Ginnie Mae
- Mary Kinney, Executive Vice President, Ginnie Mae
- Moderated by: Maria Kardash, Freddie Mac
2:15 to 3:30 pm The Future of the GSEs and Federal Home Loan Banks
The panel will discuss: (1) the impact of the GSEs and the FHLBs on the growth of the mortgage market and, in particular, the less-than-prime mortgage market; (2) the GSEs and FHLBs as competitors with the private sector; (3) the future of the GSEs and FHLBs – stricter regulation or privatization; and (4) proposals to reform the secondary mortgage market – both public and private.
- Alex Pollock, American Enterprise Institute
- Tuck Reed, Capital Markets, SunTrust
- Sarah Rosen Wartell, Executive Vice President, Center for American Progress
- Moderated by: Bert Ely, Principal, Ely & Company
3:30 pm Closing Remarks – Faith Schwartz, President, Women in Housing & Finance
Sign up for the Symposium early as space is very limited.
*RSVP: Onsite registrations will be accommodated on a space-available basis only. Cancellation will not be accepted after 5:00 pm, Monday, May 17, 2010. No shows will be billed. Call 703-683-4742 with questions.