HousingWire’s HOA Symposium is a FREE opportunity for servicers and investors to gain insight and speak directly to key program and policymakers along with ratings agencies in regards to understanding expectations and implementation of HOA servicing guidelines and HOA risk management.
Attendees will learn:
The prevalence and upward trajectory of HOAs in the US
The financial risk (i.e. losing first lien) to servicers and investors
Investor and servicer guidelines that pertain to HOA risks
What processes and risk mitigation strategies are needed to fulfill guidelines
HOA Account Reconciliation – tabulating HOA account payoff for short sales, post-foreclosure and deed-in-lieu, and identifying how much servicers/investors have to pay vs. what they are initially invoiced
HOA risk as a new component for servicer
The need for a centralized HOA database and standardized data exchange practices
The need for proactive HOA account monitoring post loan origination
Registration is free, but your RSVP is requested as soon as possible: space at the HOA Symposium is limited to the first 150 qualified industry professionals to RSVP for this special event.
In the aftermath of the financial crisis, low interest rates and strict capital requirements combined to make servicing a losing proposition for many banks. The sharp glare of regulators didn’t help either, as banks and nonbanks navigated the already thankless waters of servicing with a new target on their backs. But all that changed abruptly in the fourth quarter of 2016 with the one-two punch of a Trump win and a rate hike by the Federal Reserve.
Singling out the law that created the CFPB generated a backlash from Congressional Democrats, but it remains to be seen what Democrats can do to stop the Trump juggernaut. See what Mike Jones of Navigant advises servicers to do in this uncertain environment.
Portfolio managers and investors also have a vested interest in the expansion of the non-QM market. They have an appetite for non-QM assets as they represent an attractive yield opportunity. That’s why we’re seeing more “hold” strategies at work with current non-QM production.