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ABA Real Estate Lending Conference
March 21-23, 2010 • Hyatt Regency Bonaventure Conference Center,
Greater Ft. Lauderdale, Fl
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2010 Session Descriptions
General Sessions
Economic Update: More Distress Ahead?
Are problems with sick investment portfolios soon behind us? Will new
federal programs to support housing and business recovery continue?
When does the government exit from its monetary stimulus strategy?
What extraordinary reshaping of the financial services industry is still
to come? See how commercial and residential lending continues to be
impacted by wobbly financial markets, depressed property values, and
wavering consumer confidence.
Reform Report: Regulatory and Legislative Update
Distressed properties, mortgage meltdowns, and illiquid financial institutions
have contributed to new federal action to regulate financial systematic risk,
oversee residential and commercial lenders, and guarantee new consumer
protections. Get a Washington DC insider look at the state of financial reform
legislation, the evolving federal role in affordable lending, the future of regulatory
agencies, and the latest on how community banks can access federal programs
that provide lower-cost capital to increase lending to small business. This is your
chance to ask officials of the leading bank regulatory agencies what is on their minds.
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Commercial Lending Sessions
Ask The Regulators: Live and In-Person
In a world where bank regulation is increasing, new required disclosures raise
a host of questions. What are the guidelines for holding classified assets as a
percentage of Tier 1 capital? What are the compliance procedures for accounting
for Troubled Debt Restructuring? What are regulators seeing with stress testing,
safety and soundness exams, and new appraisal guidelines?
Turning Over Stones: Finding Sources of Take Out Financing
Who will buy new commercial loans as billions of dollars in REITS come due?
What is the current risk appetite of pension funds, life insurance companies, and
other conduits? Even with federal government debt relief efforts, will there be
enough fresh equity to meet capital needs? What new forms of debt capital
may emerge? Get answers from leading investors and banking executives.
Applying Lessons Learned in Restructuring Troubled Debt
Learn what is and what is not working in restructuring troubled debt. Hear case
studies including rates, fees, curtailments, loan-to-value and debt service coverage
ratios and more. Understand negotiation skills needed to reach profitable agreements
with clients. Get a better handle on alternatives to debt restructuring, including ways
to deal with the overhang of maturing debt that won't qualify for refinancing.
What Portfolio Stress Testing Really Means for Your
Real Estate Lending Operations
Many banks with large concentrations of commercial loans in their portfolios are
being put under a microscope by bank regulators and examiners. With vacancies
up, property values down and borrower cash flow different from when loans were
originated, a good number of your commercial borrowers may be at risk for
nonperformance. Learn how portfolio stress testing can help you better manage
risk and work with your regulator.
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Interpreting Today's Appraisal Reality
With so many commercial properties in distress, what is the new definition of
fair market value? What are the guidelines for today, particularly for properties with
high-vacancy rates and diminished cash flows? Learn how to understand if the
appraisal is adequate for your property lending decisions, and when and how to go
back to the appraiser to have an educated conversation. Understand the pros and
cons of outsourcing appraisals to a national firm versus using local market appraisers.
Rethinking Traditional Underwriting Rules
Prudent analysis of the property's operating statement and rent roll is paramount
to understanding the likelihood of a loan commitment. But in today's economy,
determining if borrowers will have enough cash flow to cover loan payments is
trickier than ever. Learn about new ways to measure creditworthiness, income
documentation requirements, the role of property analysis and fair market rents
and value. Use of recourse and nonrecourse loans, l loan to value ratios, down
payment requirements, and more will be addressed in a number of case studies.
Incorporating Global Cash Flows Into Your Underwriting Model
Typically, commercial lenders depend on cash flow from real estate and rely on
guarantors as a secondary repayment source. When the guarantors are individuals,
then personal cash flow becomes part of the underwriting model. Global cash flow
(GCF), which is a variation of personal cash flow, blends business income and
business debt service into the same model. Review ways of structuring a GCF,
the pros and cons of various models, and the use of tax returns in computing
flows. Understand how collateral, cash flow, and guarantors present various
cushions of protection.
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Residential Lending Sessions
How A Reshaped Secondary Market Reshapes the Loans You Make
Hear from Fannie Mae and Freddie Mac executives about their latest guidelines
for single-family loan purchases and security guaranties. Get a better handle on
residential loan modifications under the Making Home Affordable initiatives,
including the role of home valuations and code of conduct issues. Understand
the current role of the federal government and what shape the agencies may
take if and when federal conservatorship ends.
Understanding the New FHA
Federal Housing Administration (FHA) reserve funds have been hit hard, leading
to numerous program changes to limit borrower risk. Learn about new program
requirements; new stricter, streamlined refinance provisions; and updated
appraisal validation period and portability regulations. Hear how a proposed
expansion of FHA to buy new mortgage-related securities will impact credit
availability for your mortgage customers.
Getting the New Math Right in Troubled Debt Restructurings
When your borrower is in severe financial difficulty, how and when you change
the terms of debt agreement impacts accounting treatments. Learn how
accounting treatments differ if the debt is settled at the time of restructuring,
continued but with modified terms, and if the loan is modified when the borrower
is already delinquent. Bank examiners are looking at TDRs closely, so learn
what is expected so you can stay out of trouble. Hear how lenders are successfully
using various alternatives to foreclosure and REO and at what cost? Get a better
handle on best practices to streamline loan modifications and stay in compliance
with all guidelines and reporting requirements.
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Putting the Gold into the Golden Years: Opportunities
in the Reverse Mortgage Market
Even with the credit crunch and depressed property values, reverse mortgages
continue to grow. Now in their 20th year, new higher loan limits and fee caps may
make this product even more attractive for older borrowers. As the population
continues to age, should your institution offer this product? Hear about secondary
market players, servicing platforms, marketing/education issues, the impact of
new RESPA rules, and more.
SAFE ACT: What Does it All Mean
The SAFE Act is designed to enhance consumer protection and reduce fraud
by encouraging states to establish minimum standards for the licensing and
registration of mortgage loan originators. It calls for a nationwide mortgage
licensing system and requires most states to have the licensing and registration
system in place by 2010. Get updates on state adoption rates, implementation
issues, and how the act, in practice, has enhanced consumer protections and
reduced fraud. Hear what it means for loan originators and borrowers.
RESPA and Consumer Protections: New Burdens, New Benefits
New rules designed to simplify and improve the process of obtaining mortgages
and reduce consumer settlement costs will bring the biggest reforms to RESPA
in the past thirty years. Learn about
the differences between the new and old
forms and procedures and hear from lenders how settlement times, closing
costs, and consumer disclosure timetables are impacted. Plus, get practical
examples of operational steps to ensure smooth transition to the new
Regulation Z disclosure requirements including best practice usages of the
New Good Faith Estimates and HUD-1 forms.
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