MBA’s Accounting, tAx And finAnciAl MAnAgeMent 10 by October 18 to Save MBA’s Accounting, tAx...
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Register by October 18 to Save
MBA’s Accounting, tAx And finAnciAl MAnAgeMent CONFERENCE 2010
November 17–19, 2010 New orleaNs, la
Wednesday, November 1711:30 a.m.–12:30 p.m.
Financial Management Committee Meeting (for MBA members only)
Noon–5:30 p.m.Conference Registration
Noon–6:30 p.m.Exhibit Hall Open
1:30 p.m.–2:45 p.m.
Welcome and Opening General Session: The Current State of the Industry
2:45 p.m.–3:00 p.m.Refreshment Break in the Exhibit Hall
3:00 p.m.–3:45 p.m.
Concurrent Sessions
• Single Family Mortgage Company Financial Performance and Strategies
• Commercial Mortgage Market Developments
3:45 p.m.–4:00 p.m.Refreshment Break in the Exhibit Hall
4:00 p.m.–5:00 p.m.
General Session:The New Regulatory Landscape
5:30 p.m.–6:30 p.m.Welcome Reception in the Exhibit Hall
Thursday, November 187:30 a.m.–5:00 p.m.
Conference Registration
7:30 a.m.–4:00 p.m.Exhibit Hall Open
7:30 a.m.–8:00 a.m.Continental Breakfast in the Exhibit Hall
8:00 a.m.–9:15 a.m.
General Session: FASB / SEC Update
9:15 a.m.–9:30 a.m.Coffee Break in the Exhibit Hall
9:30 a.m.–10:45 a.m.
General Session: Financial Instruments Project
10:45 a.m.–11:00 a.m.Refreshment Break in the Exhibit Hall
11:00 p.m.–Noon
Concurrent Sessions
• Determining and Optimizing Reserves for Repurchases
• Tax Session
Noon–1:30 p.mLuncheon
1:30 p.m.–2:30 p.m.
Concurrent Sessions
• FAS 166/167: Accounting for Securitizations
• Compensation Planning
2:30 p.m.–2:45 p.m.Refreshment Break in the Exhibit Hall
2:45 p.m.–3:45 p.m.
Concurrent Sessions
• Retained Servicing and MSR Valuation
• Reg AB Changes
3:45 p.m.–4:00 p.m.Refreshment Break in the Exhibit Hall
4:00 p.m.–5:00 p.m.
Concurrent Sessions
• Accounting for Credit Losses
• Company Valuation and Acquisition Analysis
Friday, November 197:30 a.m.–8:00 a.m.
Continental Breakfast in the Exhibit Hall
7:30 a.m.–10:30 a.m.Conference Registration
7:30 a.m.–10:30 a.m.Exhibit Hall Open
8:00 a.m.–9:00 a.m.
General Session: CFO Perspectives
9:00 a.m.–9:15 a.m.Coffee Break in the Exhibit Hall
9:15 a.m.–10:15 a.m.
Concurrent Sessions
• Strategic Planning for Mortgage Executives
• Mortgage Bank Accounting Primer
10:15 a.m.–10:30 a.m.Refreshment Break in the Exhibit Hall
10:30 a.m.–11:30 a.m.
General Session:Counter-Party Credit Risk Management
11:30 a.m.Conference Concludes
Make plans to attend MBA’s Accounting, Tax and Financial Management
Conference 2010, November 17–19 in New Orleans. This comprehensive event
offers a unique venue for mortgage finance professionals to share perspectives on
the proper implementation of accounting and tax rules as well as prudent financial
management practices.
This conference provides an in-depth, valuable opportunity for chief financial
officers, financial analysts, controllers, internal and independent auditors,
accounting policy managers, tax managers and legal counsel to get up to speed
on the latest developments in accounting, tax and finance policies as they relate
to the mortgage industry.
wHo sHoUlD aTTeNDchief financial officers, financial analysts, controllers, internal and independent
auditors, accounting policy managers, tax managers, attorneys and legal counsel and
accounting/tax compliance officers with both residential and commercial interests.
CPe learNiNg objeCTives • Apply current and proposed accounting principles and revisions to mortgage banking
companies, including financial instruments projects of fASB and iASB, convergence of
fair value accounting and accounting for credit losses.
• compare and contrast approaches to financial management, including strategic
planning, MSR valuation, company valuation and M & A strategies, peer group
measurement and counter-party risk management.
• Ascertain the major mortgage-related provisions of the Wall Street Reform and consumer
Protection Act and other legislation and relate them to mortgage business requirements.
• Summarize the latest tax developments in mortgage banking, including deductibility
of mortgage interest, property taxes and Mi premiums, the increase in tax on carried
interest and changes in ReMic rules.
PReliMinARY AgendASchedule subject to change.
MBA’s Accounting, tAx And finAnciAl MAnAgeMent CONFERENCE 2010
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MBA THANKS ITS SPONSORS
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Sponsors confirmed as of July 20, 2010.
PRES
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PO
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WAS
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No. 3
199
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Register by October 18 to Save
MBA’s Accounting, tAx And finAnciAl MAnAgeMent CONFERENCE 2010
November 17–19, 2010 New orleaNs, la
Wednesday, November 1711:30 a.m.–12:30 p.m.
Financial Management Committee Meeting (for MBA members only)
Noon–5:30 p.m.Conference Registration
Noon–6:30 p.m.Exhibit Hall Open
1:30 p.m.–2:45 p.m.
Welcome and Opening General Session: The Current State of the Industry
2:45 p.m.–3:00 p.m.Refreshment Break in the Exhibit Hall
3:00 p.m.–3:45 p.m.
Concurrent Sessions
• Single Family Mortgage Company Financial Performance and Strategies
• Commercial Mortgage Market Developments
3:45 p.m.–4:00 p.m.Refreshment Break in the Exhibit Hall
4:00 p.m.–5:00 p.m.
General Session:The New Regulatory Landscape
5:30 p.m.–6:30 p.m.Welcome Reception in the Exhibit Hall
Thursday, November 187:30 a.m.–5:00 p.m.
Conference Registration
7:30 a.m.–4:00 p.m.Exhibit Hall Open
7:30 a.m.–8:00 a.m.Continental Breakfast in the Exhibit Hall
8:00 a.m.–9:15 a.m.
General Session: FASB / SEC Update
9:15 a.m.–9:30 a.m.Coffee Break in the Exhibit Hall
9:30 a.m.–10:45 a.m.
General Session: Financial Instruments Project
10:45 a.m.–11:00 a.m.Refreshment Break in the Exhibit Hall
11:00 p.m.–Noon
Concurrent Sessions
• Determining and Optimizing Reserves for Repurchases
• Tax Session
Noon–1:30 p.mLuncheon
1:30 p.m.–2:30 p.m.
Concurrent Sessions
• FAS 166/167: Accounting for Securitizations
• Compensation Planning
2:30 p.m.–2:45 p.m.Refreshment Break in the Exhibit Hall
2:45 p.m.–3:45 p.m.
Concurrent Sessions
• Retained Servicing and MSR Valuation
• Reg AB Changes
3:45 p.m.–4:00 p.m.Refreshment Break in the Exhibit Hall
4:00 p.m.–5:00 p.m.
Concurrent Sessions
• Accounting for Credit Losses
• Company Valuation and Acquisition Analysis
Friday, November 197:30 a.m.–8:00 a.m.
Continental Breakfast in the Exhibit Hall
7:30 a.m.–10:30 a.m.Conference Registration
7:30 a.m.–10:30 a.m.Exhibit Hall Open
8:00 a.m.–9:00 a.m.
General Session: CFO Perspectives
9:00 a.m.–9:15 a.m.Coffee Break in the Exhibit Hall
9:15 a.m.–10:15 a.m.
Concurrent Sessions
• Strategic Planning for Mortgage Executives
• Mortgage Bank Accounting Primer
10:15 a.m.–10:30 a.m.Refreshment Break in the Exhibit Hall
10:30 a.m.–11:30 a.m.
General Session:Counter-Party Credit Risk Management
11:30 a.m.Conference Concludes
Make plans to attend MBA’s Accounting, Tax and Financial Management
Conference 2010, November 17–19 in New Orleans. This comprehensive event
offers a unique venue for mortgage finance professionals to share perspectives on
the proper implementation of accounting and tax rules as well as prudent financial
management practices.
This conference provides an in-depth, valuable opportunity for chief financial
officers, financial analysts, controllers, internal and independent auditors,
accounting policy managers, tax managers and legal counsel to get up to speed
on the latest developments in accounting, tax and finance policies as they relate
to the mortgage industry.
wHo sHoUlD aTTeNDchief financial officers, financial analysts, controllers, internal and independent
auditors, accounting policy managers, tax managers, attorneys and legal counsel and
accounting/tax compliance officers with both residential and commercial interests.
CPe learNiNg objeCTives • Apply current and proposed accounting principles and revisions to mortgage banking
companies, including financial instruments projects of fASB and iASB, convergence of
fair value accounting and accounting for credit losses.
• compare and contrast approaches to financial management, including strategic
planning, MSR valuation, company valuation and M & A strategies, peer group
measurement and counter-party risk management.
• Ascertain the major mortgage-related provisions of the Wall Street Reform and consumer
Protection Act and other legislation and relate them to mortgage business requirements.
• Summarize the latest tax developments in mortgage banking, including deductibility
of mortgage interest, property taxes and Mi premiums, the increase in tax on carried
interest and changes in ReMic rules.
PReliMinARY AgendASchedule subject to change.
MBA’s Accounting, tAx And finAnciAl MAnAgeMent CONFERENCE 2010
EarN
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diT
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his
conf
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Mor
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ThEr
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MBA THANKS ITS SPONSORS
Silver
Sponsors confirmed as of July 20, 2010.
PRES
ORT
STA
NdA
RdUS
PO
STAG
EP
AID
WAS
HING
TON
dCPe
rmit
No. 3
199
10
Register by October 18 to Save
MBA’s Accounting, tAx And finAnciAl MAnAgeMent CONFERENCE 2010
November 17–19, 2010 New orleaNs, la
Wednesday, November 1711:30 a.m.–12:30 p.m.
Financial Management Committee Meeting (for MBA members only)
Noon–5:30 p.m.Conference Registration
Noon–6:30 p.m.Exhibit Hall Open
1:30 p.m.–2:45 p.m.
Welcome and Opening General Session: The Current State of the Industry
2:45 p.m.–3:00 p.m.Refreshment Break in the Exhibit Hall
3:00 p.m.–3:45 p.m.
Concurrent Sessions
• Single Family Mortgage Company Financial Performance and Strategies
• Commercial Mortgage Market Developments
3:45 p.m.–4:00 p.m.Refreshment Break in the Exhibit Hall
4:00 p.m.–5:00 p.m.
General Session:The New Regulatory Landscape
5:30 p.m.–6:30 p.m.Welcome Reception in the Exhibit Hall
Thursday, November 187:30 a.m.–5:00 p.m.
Conference Registration
7:30 a.m.–4:00 p.m.Exhibit Hall Open
7:30 a.m.–8:00 a.m.Continental Breakfast in the Exhibit Hall
8:00 a.m.–9:15 a.m.
General Session: FASB / SEC Update
9:15 a.m.–9:30 a.m.Coffee Break in the Exhibit Hall
9:30 a.m.–10:45 a.m.
General Session: Financial Instruments Project
10:45 a.m.–11:00 a.m.Refreshment Break in the Exhibit Hall
11:00 p.m.–Noon
Concurrent Sessions
• Determining and Optimizing Reserves for Repurchases
• Tax Session
Noon–1:30 p.m.Luncheon
1:30 p.m.–2:30 p.m.
Concurrent Sessions
• FAS 166/167: Accounting for Securitizations
• Compensation Planning
2:30 p.m.–2:45 p.m.Refreshment Break in the Exhibit Hall
2:45 p.m.–3:45 p.m.
Concurrent Sessions
• Retained Servicing and MSR Valuation
• Reg AB Changes
3:45 p.m.–4:00 p.m.Refreshment Break in the Exhibit Hall
4:00 p.m.–5:00 p.m.
Concurrent Sessions
• Accounting for Credit Losses
• Company Valuation and Acquisition Analysis
Friday, November 197:30 a.m.–8:00 a.m.
Continental Breakfast in the Exhibit Hall
7:30 a.m.–10:30 a.m.Conference Registration
7:30 a.m.–10:30 a.m.Exhibit Hall Open
8:00 a.m.–9:00 a.m.
General Session: CFO Perspectives
9:00 a.m.–9:15 a.m.Coffee Break in the Exhibit Hall
9:15 a.m.–10:15 a.m.
Concurrent Sessions
• Strategic Planning for Mortgage Executives
• Mortgage Bank Accounting Primer
10:15 a.m.–10:30 a.m.Refreshment Break in the Exhibit Hall
10:30 a.m.–11:30 a.m.
General Session:Counter-Party Credit Risk Management
11:30 a.m.Conference Concludes
Make plans to attend MBA’s Accounting, Tax and Financial Management
Conference 2010, November 17–19 in New Orleans. This comprehensive event
offers a unique venue for mortgage finance professionals to share perspectives on
the proper implementation of accounting and tax rules as well as prudent financial
management practices.
This conference provides an in-depth, valuable opportunity for chief financial
officers, financial analysts, controllers, internal and independent auditors,
accounting policy managers, tax managers and legal counsel to get up to speed
on the latest developments in accounting, tax and finance policies as they relate
to the mortgage industry.
wHo sHoUlD aTTeNDchief financial officers, financial analysts, controllers, internal and independent
auditors, accounting policy managers, tax managers, attorneys and legal counsel and
accounting/tax compliance officers with both residential and commercial interests.
CPe learNiNg objeCTives • Apply current and proposed accounting principles and revisions to mortgage banking
companies, including financial instruments projects of fASB and iASB, convergence of
fair value accounting and accounting for credit losses.
• compare and contrast approaches to financial management, including strategic
planning, MSR valuation, company valuation and M & A strategies, peer group
measurement and counter-party risk management.
• Ascertain the major mortgage-related provisions of the Wall Street Reform and consumer
Protection Act and other legislation and relate them to mortgage business requirements.
• Summarize the latest tax developments in mortgage banking, including deductibility
of mortgage interest, property taxes and Mi premiums, the increase in tax on carried
interest and changes in ReMic rules.
PReliMinARY AgendASchedule subject to change.
MBA’s Accounting, tAx And finAnciAl MAnAgeMent CONFERENCE 2010
EarN
CPE
CrE
diT
sT
his
conf
eren
ce is
a b
asic
, g
roup
live
of
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ng w
ith n
o p
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qui
site
or
adva
nced
p
rep
arat
ion
req
uire
d.
EarN
3 C
MB
CrEd
iTs
Att
end
ees
of th
is c
onfe
renc
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rn th
ree
poi
nts
tow
ard
the
Cer
tified
Mor
tgag
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anke
r (C
MB
) Des
igna
tion.
ThEr
E’s
sTil
l Ti
ME
savE
ThE
daT
E
11
MBA THANKS ITS SPONSORS
Silver
Sponsors confirmed as of July 20, 2010.
PRES
ORT
STA
NdA
RdUS
PO
STAG
EP
AID
WAS
HING
TON
dCPe
rmit
No. 3
199
10
GENER AL SESS IONSThe Current state of the industry
• Current economic indicators and outlook
• Mortgage originations forecast and industry outlook
• What’s new with mortgage rates and spreads
• Future of the GSEs and the secondary market
• Potential effects of regulatory reform and court actions
The New regulatory landscapeGet a comprehensive summary of the Dodd-Frank Financial Services Regulatory Reform Act and its impacts on the mortgage industry, including:
• Credit risk retention
• Consumer Financial Protection Bureau
• Prohibition on steering and limits on points and fees
• Minimum standards for mortgages
• Presumption / Safe Harbor for qualified mortgages
• HOEPA expansion
• Servicing impacts
• Rating agency reforms
Fasb / seC Update
• FASB and IASB financial instrument projects
• Movement toward converged fair value accounting standards
• SEC hot buttons and reporting developments
• SEC deadlines for reporting under international accounting standards
Financial instruments Project
• Compare and contrast the FASB’s and IASB’s proposals for:
o Classification and measurement of financial assets and liabilities
o Impairment
o Hedge accounting and potential reduction in hedge effectiveness thresholds
• Summarize MBA’s recommendations to FASB and IASB
CFo PerspectivesBack by popular demand, find out what’s keeping your CFO up at night. A panel of mortgage industry veterans discusses (and debates) the top financial challenges affecting the mortgage business. The panel will be followed by a Q&A session with audience participation. Industry thought leaders address:
• The birth of new and/or hidden costs for mortgage lenders and servicers
• Viability of various mortgage products
• Building operating efficiencies
• Risk management
• Industry structure
• Human capital management
Counter-Party Credit risk management
• How counter-parties are analyzing and assessing the financial condition of mortgage bankers in today’s environment
• How the “rules of engagement” have changed
• Critical “risk areas” for new and existing counter-parties from the perspectives of warehouse lenders, the agencies and correspondent aggregators
CONCURRENT SESS IONSsingle Family mortgage Company Financial Performance and strategies
• The latest profitability results for:
o Large versus smaller lenders
o Independent mortgage companies versus bank-owned companies
• Efficiency measurement and operations trends
• Sales and fulfillment origination costs
• Lender perspectives on recent financial results
• Strategies for lenders in a purchase-dominated 2011 and 2012 originations market
Commercial mortgage market DevelopmentsRoundtable discussion of issues affecting the commercial real estate finance markets, including:
• Property markets
• Sales markets
• Finance markets
• Mortgage performance
• Mortgage company operations
Determining and optimizing reserves for repurchases
• Accounting principles associated with representations and warranties (FIN 45)
• Assessing current repurchase risk
• Estimating and limiting loss exposure
• Overview of lender defense strategies
Tax session
• REMIC reform
• Carried interest
• Status of mortgage-related itemized tax deductions
• Tax reporting issues for servicers
Fas 166/167: accounting for securitizations
• Practice issues and challenges
• Proposed FDIC treatment of FAS 167 assets and liabilities in bank receivership or conservatorship
• Risk-based capital treatment
• Favorable ruling on Ginnie Mae MBS
Compensation PlanningUnderstanding the “new rules” for loan officer compensation, licensing and training, with special emphasis placed on:
• Department of Labor’s wage and hour ruling for loan officers and repercussions for other job titles
• Federal Reserve Amendment to Regulation Z
• The Dodd-Frank Act
• SAFE Act
retained servicing and msr valuation
• Moving beyond broker quotes — assumptions used to value MSRs
• Methods for testing reasonableness of MSR values
• Bulk sales — how to effectively value MSRs given limited trades in the marketplace
• Loan level reporting and scenario analysis
• Pros and cons of retaining servicing rights for the independent or bank-owned company
reg ab Changes
• Expansion of information reporting down to loan level
• Waterfall program
• Impact on private placements
• Shelf eligibility requirements and preliminary prospectus requirements
• Risk retention
• Impact on future of CMBS and RMBS markets
accounting for Credit losses
• Expected loss versus incurred loss models
• Compare and contrast IASB’s and FASB’s impairment models
• Compare and contrast with existing OCC requirements
• New disclosures proposed
Company valuation and acquisition analysis
• Factors influencing marketability of mortgage companies
• Determining company “value”
• Buy-side and sell-side perspectives
• Integration considerations relating to management structure, people, systems and culture
strategic Planning for mortgage executives
• Explore the elements of an effective strategic plan, including:
o Assessment of current strengths, weaknesses and market position
o Long-term vision, including business and financial goals
o Definitive implementation
o Performance milestones and measurement
• Effects of new regulation and accounting standards on strategic plans
mortgage bank accounting PrimerAn overview of accounting for:
• Loan production revenues and expenses
• Loans held for sale
• Rate lock commitments
• Loan sales and securitizations
• Servicing
• Servicing revenues
• Loan modifications
confeRence SeSSionSSubject to change.
REGISTRATION INFORMATIONConference Registrant InformationRegistering online is easy with our enhanced features. Simply visit www.mortgagebankers.org and click Conferences & Events.
Note: Registrant badges can only be picked up by the registered individual unless prior arrangements have been made.
SubstitutionsSend requests in writing to the attention of “Registration Substitutions” and include a $50 processing fee. You may email your substitution request to [email protected]. In order to guarantee that your name will appear on the Final Registration List, substitutions must be received by October 18. After October 18, all substitutions must be done on site.
Cancellations and Refunds• Cancellations received on or before October 18:
Full refund minus $50 processing fee
• Cancellations received October 19–November 9: 50 percent penalty applied to all registration cancellations
• November 9: No refunds made after this date
Cancellation requests should be sent to the attention of “MBA Cancellations.” You may email your cancellation request to [email protected]. (You may also email your substitution request to [email protected].) In the unlikely event of program cancellation, MBA will refund 100 percent of registration fees paid. MBA assumes no liability for any penalty fees on airline tickets, deposits for hotel accommodations or any other fees, charges, penalties or other incidental costs that a registrant might incur as a consequence of a program cancellation.
For More Information
Speaking Opportunities Deanna Johnston, (202) 557-2877
Sponsorship Opportunities Mark Brady, (202) 557-2790
Web site www.mortgagebankers.org
TRAVEL INFORMATIONPlease contact Travel Incorporated, MBA’s official travel agency, to take advantage of special discounts on airfare and car rentals. You can make your travel arrangements Monday–Friday, 24 hours a day. A proposed schedule will be sent to you immediately. Reservations will include 5–10 percent savings depending on the destination and meeting. You may also call our official air carriers and car rental agencies directly. To contact Travel Incorporated, call (800) 524-3002. If you do not use Travel Incorporated please use the codes below when making your travel arrangements to ensure that you receive the appropriate discounts.
Airfare DiscountsPlease ask your travel or airline agent to use the following airline code when making your MBA travel arrangements. Using the appropriate meeting code will ensure discount savings for you and help MBA track its airline volume.
American: (800) 433-1790; Airline Code 20837
Car Rental DiscountsMBA members can obtain discounts by contacting the car rental agency directly and providing the identification number.
Avis: www.avis.com; (800) 831-8000; Avis Worldwide Discount number – A369400
Budget: www.budget.com; (800) 527-0700; T495200
Hertz: www.hertz.com; (800) 654-2200; ID# 316138
Hotel AccommodationsThe cutoff date for discounted hotel rates is October 26. This does not ensure availability of rooms. If rooms are available until October 26, you will receive the discounted hotel rate. After October 26, reservations are accepted on a space available basis only, and you may be charged the regular hotel rate. In order to receive MBA’s special negotiated room rate, you must contact the Roosevelt New Orleans by phone or fax and state that you will be attending MBA’s Accounting, Tax and Financial Management Conference 2010.
Roosevelt New Orleans 123 Baronne St. New Orleans, LA 70112 Phone: (800) WALDORF or (504) 648-1200 Fax: (504) 585-1295 MBA discount rate: $199 / night, single / double
Hotel cutoff date: October 26, 2010
REGISTRATION AND TRAVEL INFORMATION
FIVE EASY WAYS TO REGISTEROnline (credit card) http: / / store.mortgagebankers.org
Phone (800) 793-6222, select option 3 Monday–Friday, 9:00 a.m.–5:00 p.m. ET
Fax (credit card) (202) 289-0671
Mail* Payable to: Mortgage Bankers Association Mail to: Mortgage Bankers Association P.O. Box 10448 Uniondale, New York 11555-0448
Express Mail* Payable to: Mortgage Bankers Association
Mail to: Citi 1 RXR Plaza Lockbox Lower Level WLBX # 10448 Attn: J Brady / N Richards Uniondale, NY 11555 (800) 793-6222 (select option 3)
* Use express mail for overnight deliveries to meet registration cutoff dates when applicable. Express mail only ensures postmark date for registration fees. Please allow 3–5 working days for processing and confirmations.
10087
FOR OFFICE USE ONLY ATTN: DEPARTMENT 1—Meetings Meeting # M2112004 Source Code B1 CMB 3 Pts.
ID Co ID Order # Operator DateAttiRe: BuSineSS cASuAl no Audio oR Video tAPing of tHe PRogRAM PeRMitted
MBA REGISTRATION FORM aTTN: mba meetings
MBA’s ACCOUNTING, TAx AND FINANCIAL MANAGEMENT CONFERENCE 2010November 17–19, 2010 The Roosevelt New Orleans + New Orleans, La.
Please check the appropriate category:
Registrations received with payment by Oct. 18: Registrations received with payment after Oct. 18:
□ MBA Member*: $1,150 □ Nonmember: $1,450 □ MBA Member*: $1,250 □ Nonmember: $1,550
REGISTRANT INFORMATIONPlease type or print. Photocopy form for additional registrants.
Mr. / Ms. first name Mi last name nickname
title customer id number**
company name
company Address
city State Zip Business Phone number
Business fax number email Address (please provide to receive confirmations via email)
Previous employer if employed less than two Years
* Subject to membership verification. **To identify your Customer ID Number, please see the printed number located next to your name on the mail panel or call (800) 793-6222, select option 3. Not required to register.
□ If you have special needs addressed by the Americans with Disabilities Act, please check here and attach a statement regarding your particular needs.
PAYMENT INFORMATION□ Payment Enclosed
(Check Payable to: Mortgage Bankers Association)
Bill my: □ VISA □ MasterCard
□ American Express □ Discover
credit card Account# expiration date
Amount of charge
name As it Appears on card
Address if different from Above
Signature date
Please return this form with proper payment to Mortgage Bankers Association. See “five easy Ways to Register” for address information.
This brochure is printed on Rolland Opaque with 30% total
recovered fiber / all post-consumer fiber using soy-based inks.
Optional Diversity QuestionsYour answers to this section are optional. The use of this information is restricted to MBA and is being requested to enhance MBA’s continuing efforts to increase diversity within its membership. Your individual information will not be provided to any external source or organization.
Are you: □ Male □ Female
Do you identify yourself as a member of any of the following racial and / or ethnic groups (check all that apply):
□ Hispanic / Latino
□ Black / African-American
□ Asian / Asian-American / Pacific Islander
□ Native Hawaiian / American Indian / Native American
□ White / Caucasian
□ None of the above ______________
NeTwork wiTH aTTeNDeesconference sponsorship is the ideal vehicle to grab the attention of this important audience
and position your company as a leader in the industry. All sponsorships include a tabletop
exhibit opportunity, but space is limited. for more information contact Mark Brady at mbrady@
mortgagebankers.org or (202) 557-2790.
exTeND YoUr reaCHAdvertise in Mortgage Banking® magazine and MBA NewsLink to promote your company before,
during and after the conference. call (203) 834-8832 or email [email protected].
GENER AL SESS IONSThe Current state of the industry
• Current economic indicators and outlook
• Mortgage originations forecast and industry outlook
• What’s new with mortgage rates and spreads
• Future of the GSEs and the secondary market
• Potential effects of regulatory reform and court actions
The New regulatory landscapeGet a comprehensive summary of the Dodd-Frank Financial Services Regulatory Reform Act and its impacts on the mortgage industry, including:
• Credit risk retention
• Consumer Financial Protection Bureau
• Prohibition on steering and limits on points and fees
• Minimum standards for mortgages
• Presumption / Safe Harbor for qualified mortgages
• HOEPA expansion
• Servicing impacts
• Rating agency reforms
Fasb / seC Update
• FASB and IASB financial instrument projects
• Movement toward converged fair value accounting standards
• SEC hot buttons and reporting developments
• SEC deadlines for reporting under international accounting standards
Financial instrument Project
• Compare and contrast the FASB’s and IASB’s proposals for:
o Classification and measurement of financial assets and liabilities
o Impairment
o Hedge accounting and potential reduction in hedge effectiveness thresholds
• Summarize MBA’s recommendations to FASB and IASB
CFo PerspectivesBack by popular demand, find out what’s keeping your CFO up at night. A panel of mortgage industry veterans discusses (and debates) the top financial challenges affecting the mortgage business. The panel will be followed by a Q&A session with audience participation. Industry thought leaders address:
• The birth of new and/or hidden costs for mortgage lenders and servicers
• Viability of various mortgage products
• Building operating efficiencies
• Risk management
• Industry structure
• Human capital management
Counter-Party Credit risk management
• How counter-parties are analyzing and assessing the financial condition of mortgage bankers in today’s environment
• How the “rules of engagement” have changed
• Critical “risk areas” for new and existing counter-parties from the perspectives of warehouse lenders, the agencies and correspondent aggregators
CONCURRENT SESS IONSsingle Family mortgage Company Financial Performance and strategies
• The latest profitability results for:
o Large versus smaller lenders
o Independent mortgage companies versus bank-owned companies
• Efficiency measurement and operations trends
• Sales and fulfillment origination costs
• Lender perspectives on recent financial results
• Strategies for lenders in a purchase-dominated 2011 and 2012 originations market
Commercial mortgage market DevelopmentsRoundtable discussion of issues affecting the commercial real estate finance markets, including:
• Property markets
• Sales markets
• Finance markets
• Mortgage performance
• Mortgage company operations
Determining and optimizing reserves for repurchases
• Accounting principles associated with representations and warranties (FIN 45)
• Assessing current repurchase risk
• Estimating and limiting loss exposure
• Overview of lender defense strategies
Tax session
• REMIC reform
• Carried interest
• Status of mortgage-related itemized tax deductions
• Tax reporting issues for servicers
Fas 166/167: accounting for securitizations
• Practice issues and challenges
• Proposed FDIC treatment of FAS 167 assets and liabilities in bank receivership or conservatorship
• Risk-based capital treatment
• Favorable ruling on Ginnie Mae MBS
Compensation PlanningUnderstanding the “new rules” for loan officer compensation, licensing and training, with special emphasis placed on:
• Department of Labor’s wage and hour ruling for loan officers and repercussions for other job titles
• Federal Reserve Amendment to Regulation Z
• The Dodd-Frank Act
• SAFE Act
retained servicing and msr valuation
• Moving beyond broker quotes — assumptions used to value MSRs
• Methods for testing reasonableness of MSR values
• Bulk sales — how to effectively value MSRs given limited trades in the marketplace
• Loan level reporting and scenario analysis
• Pros and cons of retaining servicing rights for the independent or bank-owned company
reg ab Changes
• Expansion of information reporting down to loan level
• Waterfall program
• Impact on private placements
• Shelf eligibility requirements and preliminary prospectus requirements
• Risk retention
• Impact on future of CMBS and RMBS markets
accounting for Credit losses
• Expected loss versus incurred loss models
• Compare and contrast IASB’s and FASB’s impairment models
• Compare and contrast with existing OCC requirements
• New disclosures proposed
Company valuation and acquisition analysis
• Factors influencing marketability of mortgage companies
• Determining company “value”
• Buy-side and sell-side perspectives
• Integration considerations relating to management structure, people, systems and culture
strategic Planning for mortgage executives
• Explore the elements of an effective strategic plan, including:
o Assessment of current strengths, weaknesses and market position
o Long-term vision, including business and financial goals
o Definitive implementation
o Performance milestones and measurement
• Effects of new regulation and accounting standards on strategic plans
mortgage bank accounting PrimerAn overview of accounting for:
• Loan production revenues and expenses
• Loans held for sale
• Rate lock commitments
• Loan sales and securitizations
• Servicing
• Servicing revenues
• Loan modifications
confeRence SeSSionSSubject to change.
REGISTRATION INFORMATIONConference Registrant InformationRegistering online is easy with our enhanced features. Simply visit www.mortgagebankers.org and click Conferences & Events.
Note: Registrant badges can only be picked up by the registered individual unless prior arrangements have been made.
SubstitutionsSend requests in writing to the attention of “Registration Substitutions” and include a $50 processing fee. You may email your substitution request to [email protected]. In order to guarantee that your name will appear on the Final Registration List, substitutions must be received by October 18. After October 18, all substitutions must be done on site.
Cancellations and Refunds• Cancellations received on or before October 18:
Full refund minus $50 processing fee
• Cancellations received October 19–November 9: 50 percent penalty applied to all registration cancellations
• November 9: No refunds made after this date
Cancellation requests should be sent to the attention of “MBA Cancellations.” You may email your cancellation request to [email protected]. (You may also email your substitution request to [email protected].) In the unlikely event of program cancellation, MBA will refund 100 percent of registration fees paid. MBA assumes no liability for any penalty fees on airline tickets, deposits for hotel accommodations or any other fees, charges, penalties or other incidental costs that a registrant might incur as a consequence of a program cancellation.
For More Information
Speaking Opportunities Deanna Johnston, (202) 557-2877
Sponsorship Opportunities Mark Brady, (202) 557-2790
Web site www.mortgagebankers.org
TRAVEL INFORMATIONPlease contact Travel Incorporated, MBA’s official travel agency, to take advantage of special discounts on airfare and car rentals. You can make your travel arrangements Monday–Friday, 24 hours a day. A proposed schedule will be sent to you immediately. Reservations will include 5–10 percent savings depending on the destination and meeting. You may also call our official air carriers and car rental agencies directly. To contact Travel Incorporated, call (800) 524-3002. If you do not use Travel Incorporated please use the codes below when making your travel arrangements to ensure that you receive the appropriate discounts.
Airfare DiscountsPlease ask your travel or airline agent to use the following airline code when making your MBA travel arrangements. Using the appropriate meeting code will ensure discount savings for you and help MBA track its airline volume.
American: (800) 433-1790; Airline Code 20837
Car Rental DiscountsMBA members can obtain discounts by contacting the car rental agency directly and providing the identification number.
Avis: www.avis.com; (800) 831-8000; Avis Worldwide Discount number – A369400
Budget: www.budget.com; (800) 527-0700; T495200
Hertz: www.hertz.com; (800) 654-2200; ID# 316138
Hotel AccommodationsThe cutoff date for discounted hotel rates is October 26. This does not ensure availability of rooms. If rooms are available until October 26, you will receive the discounted hotel rate. After October 26, reservations are accepted on a space available basis only, and you may be charged the regular hotel rate. In order to receive MBA’s special negotiated room rate, you must contact the Roosevelt New Orleans by phone or fax and state that you will be attending MBA’s Accounting, Tax and Financial Management Conference 2010.
Roosevelt New Orleans 123 Baronne St. New Orleans, LA 70112 Phone: (800) WALDORF or (504) 648-1200 Fax: (504) 585-1295 MBA discount rate: $199 / night, single / double
Hotel cutoff date: October 26, 2010
REGISTRATION AND TRAVEL INFORMATION
FIVE EASY WAYS TO REGISTEROnline (credit card) http: / / store.mortgagebankers.org
Phone (800) 793-6222, select option 3 Monday–Friday, 9:00 a.m.–5:00 p.m. ET
Fax (credit card) (202) 289-0671
Mail* Payable to: Mortgage Bankers Association Mail to: Mortgage Bankers Association P.O. Box 10448 Uniondale, New York 11555-0448
Express Mail* Payable to: Mortgage Bankers Association
Mail to: Citi 1 RXR Plaza Lockbox Lower Level WLBX # 10448 Attn: J Brady / N Richards Uniondale, NY 11555 (800) 793-6222 (select option 3)
* Use express mail for overnight deliveries to meet registration cutoff dates when applicable. Express mail only ensures postmark date for registration fees. Please allow 3–5 working days for processing and confirmations.
10087
FOR OFFICE USE ONLY ATTN: DEPARTMENT 1—Meetings Meeting # M2112004 Source Code B1 CMB 3 Pts.
ID Co ID Order # Operator DateAttiRe: BuSineSS cASuAl no Audio oR Video tAPing of tHe PRogRAM PeRMitted
MBA REGISTRATION FORM aTTN: mba meetings
MBA’s ACCOUNTING, TAx AND FINANCIAL MANAGEMENT CONFERENCE 2010November 17–19, 2010 The Roosevelt New Orleans + New Orleans, La.
Please check the appropriate category:
Registrations received with payment by Oct. 18: Registrations received with payment after Oct. 18:
□ MBA Member*: $1,150 □ Nonmember: $1,450 □ MBA Member*: $1,250 □ Nonmember: $1,550
REGISTRANT INFORMATIONPlease type or print. Photocopy form for additional registrants.
Mr. / Ms. first name Mi last name nickname
title customer id number**
company name
company Address
city State Zip Business Phone number
Business fax number email Address (please provide to receive confirmations via email)
Previous employer if employed less than two Years
* Subject to membership verification. **To identify your Customer ID Number, please see the printed number located next to your name on the mail panel or call (800) 793-6222, select option 3. Not required to register.
□ If you have special needs addressed by the Americans with Disabilities Act, please check here and attach a statement regarding your particular needs.
PAYMENT INFORMATION□ Payment Enclosed
(Check Payable to: Mortgage Bankers Association)
Bill my: □ VISA □ MasterCard
□ American Express □ Discover
credit card Account# expiration date
Amount of charge
name As it Appears on card
Address if different from Above
Signature date
Please return this form with proper payment to Mortgage Bankers Association. See “five easy Ways to Register” for address information.
This brochure is printed on Rolland Opaque with 30% total
recovered fiber / all post-consumer fiber using soy-based inks.
Optional Diversity QuestionsYour answers to this section are optional. The use of this information is restricted to MBA and is being requested to enhance MBA’s continuing efforts to increase diversity within its membership. Your individual information will not be provided to any external source or organization.
Are you: □ Male □ Female
Do you identify yourself as a member of any of the following racial and / or ethnic groups (check all that apply):
□ Hispanic / Latino
□ Black / African-American
□ Asian / Asian-American / Pacific Islander
□ Native Hawaiian / American Indian / Native American
□ White / Caucasian
□ None of the above ______________
NeTwork wiTH aTTeNDeesconference sponsorship is the ideal vehicle to grab the attention of this important audience
and position your company as a leader in the industry. All sponsorships include a tabletop
exhibit opportunity, but space is limited. for more information contact Mark Brady at mbrady@
mortgagebankers.org or (202) 557-2790.
exTeND YoUr reaCHAdvertise in Mortgage Banking® magazine and MBA NewsLink to promote your company before,
during and after the conference. call (203) 834-8832 or email [email protected].
GENER AL SESS IONSThe Current state of the industry
• Current economic indicators and outlook
• Mortgage originations forecast and industry outlook
• What’s new with mortgage rates and spreads
• Future of the GSEs and the secondary market
• Potential effects of regulatory reform and court actions
The New regulatory landscapeGet a comprehensive summary of the Dodd-Frank Financial Services Regulatory Reform Act and its impacts on the mortgage industry, including:
• Credit risk retention
• Consumer Financial Protection Bureau
• Prohibition on steering and limits on points and fees
• Minimum standards for mortgages
• Presumption / Safe Harbor for qualified mortgages
• HOEPA expansion
• Servicing impacts
• Rating agency reforms
Fasb / seC Update
• FASB and IASB financial instrument projects
• Movement toward converged fair value accounting standards
• SEC hot buttons and reporting developments
• SEC deadlines for reporting under international accounting standards
Financial instrument Project
• Compare and contrast the FASB’s and IASB’s proposals for:
o Classification and measurement of financial assets and liabilities
o Impairment
o Hedge accounting and potential reduction in hedge effectiveness thresholds
• Summarize MBA’s recommendations to FASB and IASB
CFo PerspectivesBack by popular demand, find out what’s keeping your CFO up at night. A panel of mortgage industry veterans discusses (and debates) the top financial challenges affecting the mortgage business. The panel will be followed by a Q&A session with audience participation. Industry thought leaders address:
• The birth of new and/or hidden costs for mortgage lenders and servicers
• Viability of various mortgage products
• Building operating efficiencies
• Risk management
• Industry structure
• Human capital management
Counter-Party Credit risk management
• How counter-parties are analyzing and assessing the financial condition of mortgage bankers in today’s environment
• How the “rules of engagement” have changed
• Critical “risk areas” for new and existing counter-parties from the perspectives of warehouse lenders, the agencies and correspondent aggregators
CONCURRENT SESS IONSsingle Family mortgage Company Financial Performance and strategies
• The latest profitability results for:
o Large versus smaller lenders
o Independent mortgage companies versus bank-owned companies
• Efficiency measurement and operations trends
• Sales and fulfillment origination costs
• Lender perspectives on recent financial results
• Strategies for lenders in a purchase-dominated 2011 and 2012 originations market
Commercial mortgage market DevelopmentsRoundtable discussion of issues affecting the commercial real estate finance markets, including:
• Property markets
• Sales markets
• Finance markets
• Mortgage performance
• Mortgage company operations
Determining and optimizing reserves for repurchases
• Accounting principles associated with representations and warranties (FIN 45)
• Assessing current repurchase risk
• Estimating and limiting loss exposure
• Overview of lender defense strategies
Tax session
• REMIC reform
• Carried interest
• Status of mortgage-related itemized tax deductions
• Tax reporting issues for servicers
Fas 166/167: accounting for securitizations
• Practice issues and challenges
• Proposed FDIC treatment of FAS 167 assets and liabilities in bank receivership or conservatorship
• Risk-based capital treatment
• Favorable ruling on Ginnie Mae MBS
Compensation PlanningUnderstanding the “new rules” for loan officer compensation, licensing and training, with special emphasis placed on:
• Department of Labor’s wage and hour ruling for loan officers and repercussions for other job titles
• Federal Reserve Amendment to Regulation Z
• The Dodd-Frank Act
• SAFE Act
retained servicing and msr valuation
• Moving beyond broker quotes — assumptions used to value MSRs
• Methods for testing reasonableness of MSR values
• Bulk sales — how to effectively value MSRs given limited trades in the marketplace
• Loan level reporting and scenario analysis
• Pros and cons of retaining servicing rights for the independent or bank-owned company
reg ab Changes
• Expansion of information reporting down to loan level
• Waterfall program
• Impact on private placements
• Shelf eligibility requirements and preliminary prospectus requirements
• Risk retention
• Impact on future of CMBS and RMBS markets
accounting for Credit losses
• Expected loss versus incurred loss models
• Compare and contrast IASB’s and FASB’s impairment models
• Compare and contrast with existing OCC requirements
• New disclosures proposed
Company valuation and acquisition analysis
• Factors influencing marketability of mortgage companies
• Determining company “value”
• Buy-side and sell-side perspectives
• Integration considerations relating to management structure, people, systems and culture
strategic Planning for mortgage executives
• Explore the elements of an effective strategic plan, including:
o Assessment of current strengths, weaknesses and market position
o Long-term vision, including business and financial goals
o Definitive implementation
o Performance milestones and measurement
• Effects of new regulation and accounting standards on strategic plans
mortgage bank accounting PrimerAn overview of accounting for:
• Loan production revenues and expenses
• Loans held for sale
• Rate lock commitments
• Loan sales and securitizations
• Servicing
• Servicing revenues
• Loan modifications
confeRence SeSSionSSubject to change.
REGISTRATION INFORMATIONConference Registrant InformationRegistering online is easy with our enhanced features. Simply visit www.mortgagebankers.org and click Conferences & Events.
Note: Registrant badges can only be picked up by the registered individual unless prior arrangements have been made.
SubstitutionsSend requests in writing to the attention of “Registration Substitutions” and include a $50 processing fee. You may email your substitution request to [email protected]. In order to guarantee that your name will appear on the Final Registration List, substitutions must be received by October 18. After October 18, all substitutions must be done on site.
Cancellations and Refunds• Cancellations received on or before October 18:
Full refund minus $50 processing fee
• Cancellations received October 19–November 9: 50 percent penalty applied to all registration cancellations
• November 9: No refunds made after this date
Cancellation requests should be sent to the attention of “MBA Cancellations.” You may email your cancellation request to [email protected]. (You may also email your substitution request to [email protected].) In the unlikely event of program cancellation, MBA will refund 100 percent of registration fees paid. MBA assumes no liability for any penalty fees on airline tickets, deposits for hotel accommodations or any other fees, charges, penalties or other incidental costs that a registrant might incur as a consequence of a program cancellation.
For More Information
Speaking Opportunities Deanna Johnston, (202) 557-2877
Sponsorship Opportunities Mark Brady, (202) 557-2790
Web site www.mortgagebankers.org
TRAVEL INFORMATIONPlease contact Travel Incorporated, MBA’s official travel agency, to take advantage of special discounts on airfare and car rentals. You can make your travel arrangements Monday–Friday, 24 hours a day. A proposed schedule will be sent to you immediately. Reservations will include 5–10 percent savings depending on the destination and meeting. You may also call our official air carriers and car rental agencies directly. To contact Travel Incorporated, call (800) 524-3002. If you do not use Travel Incorporated please use the codes below when making your travel arrangements to ensure that you receive the appropriate discounts.
Airfare DiscountsPlease ask your travel or airline agent to use the following airline code when making your MBA travel arrangements. Using the appropriate meeting code will ensure discount savings for you and help MBA track its airline volume.
American: (800) 433-1790; Airline Code 20837
Car Rental DiscountsMBA members can obtain discounts by contacting the car rental agency directly and providing the identification number.
Avis: www.avis.com; (800) 831-8000; Avis Worldwide Discount number – A369400
Budget: www.budget.com; (800) 527-0700; T495200
Hertz: www.hertz.com; (800) 654-2200; ID# 316138
Hotel AccommodationsThe cutoff date for discounted hotel rates is October 26. This does not ensure availability of rooms. If rooms are available until October 26, you will receive the discounted hotel rate. After October 26, reservations are accepted on a space available basis only, and you may be charged the regular hotel rate. In order to receive MBA’s special negotiated room rate, you must contact the Roosevelt New Orleans by phone or fax and state that you will be attending MBA’s Accounting, Tax and Financial Management Conference 2010.
Roosevelt New Orleans 123 Baronne St. New Orleans, LA 70112 Phone: (800) WALDORF or (504) 648-1200 Fax: (504) 585-1295 MBA discount rate: $199 / night, single / double
Hotel cutoff date: October 26, 2010
REGISTRATION AND TRAVEL INFORMATION
FIVE EASY WAYS TO REGISTEROnline (credit card) http: / / store.mortgagebankers.org
Phone (800) 793-6222, select option 3 Monday–Friday, 9:00 a.m.–5:00 p.m. ET
Fax (credit card) (202) 289-0671
Mail* Payable to: Mortgage Bankers Association Mail to: Mortgage Bankers Association P.O. Box 10448 Uniondale, New York 11555-0448
Express Mail* Payable to: Mortgage Bankers Association
Mail to: Citi 1 RXR Plaza Lockbox Lower Level WLBX # 10448 Attn: J Brady / N Richards Uniondale, NY 11555 (800) 793-6222 (select option 3)
* Use express mail for overnight deliveries to meet registration cutoff dates when applicable. Express mail only ensures postmark date for registration fees. Please allow 3–5 working days for processing and confirmations.
10087
FOR OFFICE USE ONLY ATTN: DEPARTMENT 1—Meetings Meeting # M2112004 Source Code B1 CMB 3 Pts.
ID Co ID Order # Operator DateAttiRe: BuSineSS cASuAl no Audio oR Video tAPing of tHe PRogRAM PeRMitted
MBA REGISTRATION FORM aTTN: mba meetings
MBA’s ACCOUNTING, TAx AND FINANCIAL MANAGEMENT CONFERENCE 2010November 17–19, 2010 The Roosevelt New Orleans + New Orleans, La.
Please check the appropriate category:
Registrations received with payment by Oct. 18: Registrations received with payment after Oct. 18:
□ MBA Member*: $1,150 □ Nonmember: $1,450 □ MBA Member*: $1,250 □ Nonmember: $1,550
REGISTRANT INFORMATIONPlease type or print. Photocopy form for additional registrants.
Mr. / Ms. first name Mi last name nickname
title customer id number**
company name
company Address
city State Zip Business Phone number
Business fax number email Address (please provide to receive confirmations via email)
Previous employer if employed less than two Years
* Subject to membership verification. **To identify your Customer ID Number, please see the printed number located next to your name on the mail panel or call (800) 793-6222, select option 3. Not required to register.
□ If you have special needs addressed by the Americans with Disabilities Act, please check here and attach a statement regarding your particular needs.
PAYMENT INFORMATION□ Payment Enclosed
(Check Payable to: Mortgage Bankers Association)
Bill my: □ VISA □ MasterCard
□ American Express □ Discover
credit card Account# expiration date
Amount of charge
name As it Appears on card
Address if different from Above
Signature date
Please return this form with proper payment to Mortgage Bankers Association. See “five easy Ways to Register” for address information.
This brochure is printed on Rolland Opaque with 30% total
recovered fiber / all post-consumer fiber using soy-based inks.
Optional Diversity QuestionsYour answers to this section are optional. The use of this information is restricted to MBA and is being requested to enhance MBA’s continuing efforts to increase diversity within its membership. Your individual information will not be provided to any external source or organization.
Are you: □ Male □ Female
Do you identify yourself as a member of any of the following racial and / or ethnic groups (check all that apply):
□ Hispanic / Latino
□ Black / African-American
□ Asian / Asian-American / Pacific Islander
□ Native Hawaiian / American Indian / Native American
□ White / Caucasian
□ None of the above ______________
NeTwork wiTH aTTeNDeesconference sponsorship is the ideal vehicle to grab the attention of this important audience
and position your company as a leader in the industry. All sponsorships include a tabletop
exhibit opportunity, but space is limited. for more information contact Mark Brady at mbrady@
mortgagebankers.org or (202) 557-2790.
exTeND YoUr reaCHAdvertise in Mortgage Banking® magazine and MBA NewsLink to promote your company before,
during and after the conference. call (203) 834-8832 or email [email protected].
GENER AL SESS IONSThe Current state of the industry
• Current economic indicators and outlook
• Mortgage originations forecast and industry outlook
• What’s new with mortgage rates and spreads
• Future of the GSEs and the secondary market
• Potential effects of regulatory reform and court actions
The New regulatory landscapeGet a comprehensive summary of the Dodd-Frank Financial Services Regulatory Reform Act and its impacts on the mortgage industry, including:
• Credit risk retention
• Consumer Financial Protection Bureau
• Prohibition on steering and limits on points and fees
• Minimum standards for mortgages
• Presumption / Safe Harbor for qualified mortgages
• HOEPA expansion
• Servicing impacts
• Rating agency reforms
Fasb / seC Update
• FASB and IASB financial instrument projects
• Movement toward converged fair value accounting standards
• SEC hot buttons and reporting developments
• SEC deadlines for reporting under international accounting standards
Financial instrument Project
• Compare and contrast the FASB’s and IASB’s proposals for:
o Classification and measurement of financial assets and liabilities
o Impairment
o Hedge accounting and potential reduction in hedge effectiveness thresholds
• Summarize MBA’s recommendations to FASB and IASB
CFo PerspectivesBack by popular demand, find out what’s keeping your CFO up at night. A panel of mortgage industry veterans discusses (and debates) the top financial challenges affecting the mortgage business. The panel will be followed by a Q&A session with audience participation. Industry thought leaders address:
• The birth of new and/or hidden costs for mortgage lenders and servicers
• Viability of various mortgage products
• Building operating efficiencies
• Risk management
• Industry structure
• Human capital management
Counter-Party Credit risk management
• How counter-parties are analyzing and assessing the financial condition of mortgage bankers in today’s environment
• How the “rules of engagement” have changed
• Critical “risk areas” for new and existing counter-parties from the perspectives of warehouse lenders, the agencies and correspondent aggregators
CONCURRENT SESS IONSsingle Family mortgage Company Financial Performance and strategies
• The latest profitability results for:
o Large versus smaller lenders
o Independent mortgage companies versus bank-owned companies
• Efficiency measurement and operations trends
• Sales and fulfillment origination costs
• Lender perspectives on recent financial results
• Strategies for lenders in a purchase-dominated 2011 and 2012 originations market
Commercial mortgage market DevelopmentsRoundtable discussion of issues affecting the commercial real estate finance markets, including:
• Property markets
• Sales markets
• Finance markets
• Mortgage performance
• Mortgage company operations
Determining and optimizing reserves for repurchases
• Accounting principles associated with representations and warranties (FIN 45)
• Assessing current repurchase risk
• Estimating and limiting loss exposure
• Overview of lender defense strategies
Tax session
• REMIC reform
• Carried interest
• Status of mortgage-related itemized tax deductions
• Tax reporting issues for servicers
Fas 166/167: accounting for securitizations
• Practice issues and challenges
• Proposed FDIC treatment of FAS 167 assets and liabilities in bank receivership or conservatorship
• Risk-based capital treatment
• Favorable ruling on Ginnie Mae MBS
Compensation PlanningUnderstanding the “new rules” for loan officer compensation, licensing and training, with special emphasis placed on:
• Department of Labor’s wage and hour ruling for loan officers and repercussions for other job titles
• Federal Reserve Amendment to Regulation Z
• The Dodd-Frank Act
• SAFE Act
retained servicing and msr valuation
• Moving beyond broker quotes — assumptions used to value MSRs
• Methods for testing reasonableness of MSR values
• Bulk sales — how to effectively value MSRs given limited trades in the marketplace
• Loan level reporting and scenario analysis
• Pros and cons of retaining servicing rights for the independent or bank-owned company
reg ab Changes
• Expansion of information reporting down to loan level
• Waterfall program
• Impact on private placements
• Shelf eligibility requirements and preliminary prospectus requirements
• Risk retention
• Impact on future of CMBS and RMBS markets
accounting for Credit losses
• Expected loss versus incurred loss models
• Compare and contrast IASB’s and FASB’s impairment models
• Compare and contrast with existing OCC requirements
• New disclosures proposed
Company valuation and acquisition analysis
• Factors influencing marketability of mortgage companies
• Determining company “value”
• Buy-side and sell-side perspectives
• Integration considerations relating to management structure, people, systems and culture
strategic Planning for mortgage executives
• Explore the elements of an effective strategic plan, including:
o Assessment of current strengths, weaknesses and market position
o Long-term vision, including business and financial goals
o Definitive implementation
o Performance milestones and measurement
• Effects of new regulation and accounting standards on strategic plans
mortgage bank accounting PrimerAn overview of accounting for:
• Loan production revenues and expenses
• Loans held for sale
• Rate lock commitments
• Loan sales and securitizations
• Servicing
• Servicing revenues
• Loan modifications
confeRence SeSSionSSubject to change.
REGISTRATION INFORMATIONConference Registrant InformationRegistering online is easy with our enhanced features. Simply visit www.mortgagebankers.org and click Conferences & Events.
Note: Registrant badges can only be picked up by the registered individual unless prior arrangements have been made.
SubstitutionsSend requests in writing to the attention of “Registration Substitutions” and include a $50 processing fee. You may email your substitution request to [email protected]. In order to guarantee that your name will appear on the Final Registration List, substitutions must be received by October 18. After October 18, all substitutions must be done on site.
Cancellations and Refunds• Cancellations received on or before October 18:
Full refund minus $50 processing fee
• Cancellations received October 19–November 9: 50 percent penalty applied to all registration cancellations
• November 9: No refunds made after this date
Cancellation requests should be sent to the attention of “MBA Cancellations.” You may email your cancellation request to [email protected]. (You may also email your substitution request to [email protected].) In the unlikely event of program cancellation, MBA will refund 100 percent of registration fees paid. MBA assumes no liability for any penalty fees on airline tickets, deposits for hotel accommodations or any other fees, charges, penalties or other incidental costs that a registrant might incur as a consequence of a program cancellation.
For More Information
Speaking Opportunities Deanna Johnston, (202) 557-2877
Sponsorship Opportunities Mark Brady, (202) 557-2790
Web site www.mortgagebankers.org
TRAVEL INFORMATIONPlease contact Travel Incorporated, MBA’s official travel agency, to take advantage of special discounts on airfare and car rentals. You can make your travel arrangements Monday–Friday, 24 hours a day. A proposed schedule will be sent to you immediately. Reservations will include 5–10 percent savings depending on the destination and meeting. You may also call our official air carriers and car rental agencies directly. To contact Travel Incorporated, call (800) 524-3002. If you do not use Travel Incorporated please use the codes below when making your travel arrangements to ensure that you receive the appropriate discounts.
Airfare DiscountsPlease ask your travel or airline agent to use the following airline code when making your MBA travel arrangements. Using the appropriate meeting code will ensure discount savings for you and help MBA track its airline volume.
American: (800) 433-1790; Airline Code 20837
Car Rental DiscountsMBA members can obtain discounts by contacting the car rental agency directly and providing the identification number.
Avis: www.avis.com; (800) 831-8000; Avis Worldwide Discount number – A369400
Budget: www.budget.com; (800) 527-0700; T495200
Hertz: www.hertz.com; (800) 654-2200; ID# 316138
Hotel AccommodationsThe cutoff date for discounted hotel rates is October 26. This does not ensure availability of rooms. If rooms are available until October 26, you will receive the discounted hotel rate. After October 26, reservations are accepted on a space available basis only, and you may be charged the regular hotel rate. In order to receive MBA’s special negotiated room rate, you must contact the Roosevelt New Orleans by phone or fax and state that you will be attending MBA’s Accounting, Tax and Financial Management Conference 2010.
Roosevelt New Orleans 123 Baronne St. New Orleans, LA 70112 Phone: (800) WALDORF or (504) 648-1200 Fax: (504) 585-1295 MBA discount rate: $199 / night, single / double
Hotel cutoff date: October 26, 2010
REGISTRATION AND TRAVEL INFORMATION
FIVE EASY WAYS TO REGISTEROnline (credit card) http: / / store.mortgagebankers.org
Phone (800) 793-6222, select option 3 Monday–Friday, 9:00 a.m.–5:00 p.m. ET
Fax (credit card) (202) 289-0671
Mail* Payable to: Mortgage Bankers Association Mail to: Mortgage Bankers Association P.O. Box 10448 Uniondale, New York 11555-0448
Express Mail* Payable to: Mortgage Bankers Association
Mail to: Citi 1 RXR Plaza Lockbox Lower Level WLBX # 10448 Attn: J Brady / N Richards Uniondale, NY 11555 (800) 793-6222 (select option 3)
* Use express mail for overnight deliveries to meet registration cutoff dates when applicable. Express mail only ensures postmark date for registration fees. Please allow 3–5 working days for processing and confirmations.
10087
FOR OFFICE USE ONLY ATTN: DEPARTMENT 1—Meetings Meeting # M2112004 Source Code B1 CMB 3 Pts.
ID Co ID Order # Operator DateAttiRe: BuSineSS cASuAl no Audio oR Video tAPing of tHe PRogRAM PeRMitted
MBA REGISTRATION FORM aTTN: mba meetings
MBA’s ACCOUNTING, TAx AND FINANCIAL MANAGEMENT CONFERENCE 2010November 17–19, 2010 The Roosevelt New Orleans + New Orleans, La.
Please check the appropriate category:
Registrations received with payment by Oct. 18: Registrations received with payment after Oct. 18:
□ MBA Member*: $1,150 □ Nonmember: $1,450 □ MBA Member*: $1,250 □ Nonmember: $1,550
REGISTRANT INFORMATIONPlease type or print. Photocopy form for additional registrants.
Mr. / Ms. first name Mi last name nickname
title customer id number**
company name
company Address
city State Zip Business Phone number
Business fax number email Address (please provide to receive confirmations via email)
Previous employer if employed less than two Years
* Subject to membership verification. **To identify your Customer ID Number, please see the printed number located next to your name on the mail panel or call (800) 793-6222, select option 3. Not required to register.
□ If you have special needs addressed by the Americans with Disabilities Act, please check here and attach a statement regarding your particular needs.
PAYMENT INFORMATION□ Payment Enclosed
(Check Payable to: Mortgage Bankers Association)
Bill my: □ VISA □ MasterCard
□ American Express □ Discover
credit card Account# expiration date
Amount of charge
name As it Appears on card
Address if different from Above
Signature date
Please return this form with proper payment to Mortgage Bankers Association. See “five easy Ways to Register” for address information.
This brochure is printed on Rolland Opaque with 30% total
recovered fiber / all post-consumer fiber using soy-based inks.
Optional Diversity QuestionsYour answers to this section are optional. The use of this information is restricted to MBA and is being requested to enhance MBA’s continuing efforts to increase diversity within its membership. Your individual information will not be provided to any external source or organization.
Are you: □ Male □ Female
Do you identify yourself as a member of any of the following racial and / or ethnic groups (check all that apply):
□ Hispanic / Latino
□ Black / African-American
□ Asian / Asian-American / Pacific Islander
□ Native Hawaiian / American Indian / Native American
□ White / Caucasian
□ None of the above ______________
NeTwork wiTH aTTeNDeesconference sponsorship is the ideal vehicle to grab the attention of this important audience
and position your company as a leader in the industry. All sponsorships include a tabletop
exhibit opportunity, but space is limited. for more information contact Mark Brady at mbrady@
mortgagebankers.org or (202) 557-2790.
exTeND YoUr reaCHAdvertise in Mortgage Banking® magazine and MBA NewsLink to promote your company before,
during and after the conference. call (203) 834-8832 or email [email protected].
Register by October 18 to Save
MBA’s Accounting, tAx And finAnciAl MAnAgeMent CONFERENCE 2010
November 17–19, 2010 New orleaNs, la
Wednesday, November 1711:30 a.m.–12:30 p.m.
Financial Management Committee Meeting (for MBA members only)
Noon–5:30 p.m.Conference Registration
Noon–6:30 p.m.Exhibit Hall Open
1:30 p.m.–2:45 p.m.
Welcome and Opening General Session: The Current State of the Industry
2:45 p.m.–3:00 p.m.Refreshment Break in the Exhibit Hall
3:00 p.m.–3:45 p.m.
Concurrent Sessions
• Single Family Mortgage Company Financial Performance and Strategies
• Commercial Mortgage Market Developments
3:45 p.m.–4:00 p.m.Refreshment Break in the Exhibit Hall
4:00 p.m.–5:00 p.m.
General Session:The New Regulatory Landscape
5:30 p.m.–6:30 p.m.Welcome Reception in the Exhibit Hall
Thursday, November 187:30 a.m.–5:00 p.m.
Conference Registration
7:30 a.m.–4:00 p.m.Exhibit Hall Open
7:30 a.m.–8:00 a.m.Continental Breakfast in the Exhibit Hall
8:00 a.m.–9:15 a.m.
General Session: FASB / SEC Update
9:15 a.m.–9:30 a.m.Coffee Break in the Exhibit Hall
9:30 a.m.–10:45 a.m.
General Session: Financial Instruments Project
10:45 a.m.–11:00 a.m.Refreshment Break in the Exhibit Hall
11:00 p.m.–Noon
Concurrent Sessions
• Determining and Optimizing Reserves for Repurchases
• Tax Session
Noon–1:30 p.mLuncheon
1:30 p.m.–2:30 p.m.
Concurrent Sessions
• FAS 166/167: Accounting for Securitizations
• Compensation Planning
2:30 p.m.–2:45 p.m.Refreshment Break in the Exhibit Hall
2:45 p.m.–3:45 p.m.
Concurrent Sessions
• Retained Servicing and MSR Valuation
• Reg AB Changes
3:45 p.m.–4:00 p.m.Refreshment Break in the Exhibit Hall
4:00 p.m.–5:00 p.m.
Concurrent Sessions
• Accounting for Credit Losses
• Company Valuation and Acquisition Analysis
Friday, November 197:30 a.m.–8:00 a.m.
Continental Breakfast in the Exhibit Hall
7:30 a.m.–10:30 a.m.Conference Registration
7:30 a.m.–10:30 a.m.Exhibit Hall Open
8:00 a.m.–9:00 a.m.
General Session: CFO Perspectives
9:00 a.m.–9:15 a.m.Coffee Break in the Exhibit Hall
9:15 a.m.–10:15 a.m.
Concurrent Sessions
• Strategic Planning for Mortgage Executives
• Mortgage Bank Accounting Primer
10:15 a.m.–10:30 a.m.Refreshment Break in the Exhibit Hall
10:30 a.m.–11:30 a.m.
General Session:Counter-Party Credit Risk Management
11:30 a.m.Conference Concludes
Make plans to attend MBA’s Accounting, Tax and Financial Management
Conference 2010, November 17–19 in New Orleans. This comprehensive event
offers a unique venue for mortgage finance professionals to share perspectives on
the proper implementation of accounting and tax rules as well as prudent financial
management practices.
This conference provides an in-depth, valuable opportunity for chief financial
officers, financial analysts, controllers, internal and independent auditors,
accounting policy managers, tax managers and legal counsel to get up to speed
on the latest developments in accounting, tax and finance policies as they relate
to the mortgage industry.
wHo sHoUlD aTTeNDchief financial officers, financial analysts, controllers, internal and independent
auditors, accounting policy managers, tax managers, attorneys and legal counsel and
accounting/tax compliance officers with both residential and commercial interests.
CPe learNiNg objeCTives • Apply current and proposed accounting principles and revisions to mortgage banking
companies, including financial instruments projects of fASB and iASB, convergence of
fair value accounting and accounting for credit losses.
• compare and contrast approaches to financial management, including strategic
planning, MSR valuation, company valuation and M & A strategies, peer group
measurement and counter-party risk management.
• Ascertain the major mortgage-related provisions of the Wall Street Reform and consumer
Protection Act and other legislation and relate them to mortgage business requirements.
• Summarize the latest tax developments in mortgage banking, including deductibility
of mortgage interest, property taxes and Mi premiums, the increase in tax on carried
interest and changes in ReMic rules.
PReliMinARY AgendASchedule subject to change.
MBA’s Accounting, tAx And finAnciAl MAnAgeMent CONFERENCE 2010
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