Mortgage Lending Industry Summit Jointly Sponsored by the ...



Massachusetts Mortgage Lending Industry Summit

Jointly Sponsored by the

Massachusetts Bankers Association and the

Massachusetts Mortgage Bankers Association

September 5, 2008 ◊ Sheraton Hotel, Framingham

Registration 8:30 a.m. ◊ Program Begins 9:00 a.m. ◊ Adjourn 3:45 p.m.

The mortgage market in Massachusetts has undergone a tremendous upheaval and is radically different than what it was just two years ago. Thousands of homeowners face foreclosure or long-term financial difficulties due to the collapse of the subprime lending market, while major national lenders have closed their doors, which in turn, has had a significant impact on smaller mortgage banking firms in New England. It appears that the industry will continue to deal with the fallout from the current mortgage lending and foreclosure crisis for the foreseeable future.

As legislators, regulators, and other public officials propose new restrictions and requirements on lending activity, industry leaders must work together to ensure that any potential new legislative and regulatory proposals do not restrict the ability of legitimate lenders to provide credit to borrowers while prohibiting the kind of unfair and deceptive practices that created the current problems. Structural changes to the mortgage marketplace must also be addressed by banks, mortgage lenders and others in the real estate market.

While the current problems present a number of challenges to the industry, there are clearly opportunities for our members to gain new business, assist first-time homebuyers, and encourage a “flight-to-quality” to local institutions. At this full-day real estate program, you will hear from industry experts, local lenders, and regulatory officials about current conditions in the market and what to expect over the next several months.

Finally with the enactment of Chapter 206 new statutory provisions implementing a “90-day right to cure” reporting procedure on petitioners to foreclosure and post foreclosure sales and accounting procedures are required for all lenders in Massachusetts. As part of this program we will update bankers and lenders on the initial results of how Chapter 206 is working and hear from key officials from the Division of Banks on a variety of implementation issues regarding the new mortgage lending/foreclosure statute. We also expect officials from the Office of Consumer Affairs to update industry leaders on Patrick administration’s foreclosure prevention initiatives.

Who Should Attend?

CEOs, Senior Management, Mortgage Lenders, Compliance Officers, and Risk Management Personnel. Please circulate this announcement to the appropriate individual at your bank.

Speakers Include:

David J. Cotney, Chief Operating Officer, Massachusetts Division of Banks, Boston, MA

Daniel C. Crane, Undersecretary, Office of Consumer Affairs and Business Regulation (Invited)

Peter S. Milewski, Director of Mortgage Insurance Fund, MassHousing, Boston, MA

Julie Taylor Moran, Managing Partner, Orlans Moran PLLC, Boston, MA

Mayté Rivera, Deputy Commissioner, Massachusetts Division of Banks, Boston, MA

Directions:

From East

Follow the Massachusetts Turnpike (I-90) West to Exit 12 (Route 9 West towards Framingham). Bear Left after the toll. Stay in the right lane. The hotel is the first building on the right.

From North

Take Interstate 93 South to Exit 37B (Interstate 95 South/Route 128 South towards Waltham). Follow to Exit 25 (Interstate 90 West Massachusetts Turnpike). From I-90 West, take Exit 12 (Route 9 West towards Framingham). Bear Left after toll. The hotel is the first building on the right.

From West

Follow the Massachusetts Turnpike (I-90) East to Exit 12 (Route 9 West towards Framingham). Bear Left after toll. Stay in the right lane. The hotel is the first building on the right.

From South

Take Interstate 95 North to Exit 6B (Interstate 495 North towards Worcester). Continue on I-495 North for about 25 miles. Take Exit 22 (Massachusetts Turnpike I-90 East) towards Boston. Take Exit 12 (Route 9 West towards Framingham). Bear Left after toll. Stay in the right lane. The hotel is the first building on the right.

Massachusetts Mortgage Lending Industry Summit

Jointly Sponsored by the

Massachusetts Bankers Association and the

Massachusetts Mortgage Bankers Association

September 5, 2008 ◊ Sheraton Hotel, Framingham

Registration 8:30 a.m. ◊ Program Begins 9:00 a.m. ◊ Adjourn 3:30 p.m.

Agenda

8:30 a.m. Registration – Coffee and Pastries

9:00 a.m. Welcome and Introduction

Kevin F. Kiley, Executive Vice President, Massachusetts Bankers Association, Boston, MA

9:05 a.m. State of the Industry and Overview of Market Conditions

Industry Panel:

Moderator: Kevin M. Cuff, Executive Director, Massachusetts Mortgage Bankers Association, Boston, MA

Panelists: W. David Brennan, Senior Vice President, Cape Cod Five Cent Savings Bank, Orleans, MA

Charles A. Ferraro, President, Covenant Mortgage LLC, Westford, MA

William M. Mullin, President, NE Moves Mortgage Corporation, Waltham, MA

10:15 a.m. Coffee Break

10:30 a.m. Update on Implementation Issues under Chapter 206

Moderator: Kevin F. Kiley

Panel: David J. Cotney, Chief Operating Officer, Massachusetts Division of Banks, Boston, MA

Mayté Rivera, Deputy Commissioner, Massachusetts Division of Banks, Boston, MA

Julie Taylor Moran, Managing Partner, Orlans Moran PLLC, Boston, MA

11:30 a.m. State and Federal Regulatory & Legislative Proposals

Kevin F. Kiley

Jon K. Skarin, Director, Federal Regulatory & Legislative Policy, Boston, MA

12:15 p.m. Luncheon with Guest Speaker

Daniel C. Crane, Undersecretary, Office of Consumer Affairs and Business Regulation (Invited)

1:30 p.m. How Banks and Lenders Outreach to Borrowers in the Current Crisis

Moderator: Robert Lavelle, Senior Vice President, Middlesex Savings Bank, Natick, MA

Peter S. Milewski, Director of Mortgage Insurance Fund, MassHousing, Boston, MA

2:10 p.m. Mergers, Partnerships, and Other Options for Mortgage Bankers

Moderator: Christopher R. Dunn, Executive Vice President, South Shore Savings Bank, S. Weymouth, MA

Panel: George M. DeMello, Senior Vice President, Bank of Canton, Canton, MA

Jerami Marshal, Farwell Lending, a Subsidiary of Cambridge Savings Bank

Richard Fisher, Executive Vice President, Bridgewater Savings Bank, Raynham, MA

2:55 p.m. Business Opportunities and the Future of the Mortgage Lending Industry in Massachusetts

Moderator: John F. Spillane, Jr., President, Spillane Consulting Associates, Braintree, MA

Panel: John Battaglia, President, The Cambridge Mortgage Group, Hingham, MA

Kathleen C. Schreck, President, Mortgage Network, Inc., Danvers, MA

John P. Speakman, Executive Vice President, StonehamBank, Stoneham, MA

3:40 p.m. Closing Remarks & Adjourn

Kevin M. Cuff

Kevin F. Kiley

Massachusetts Mortgage Lending Industry Summit

Jointly Sponsored by the

Massachusetts Bankers Association and the

Massachusetts Mortgage Bankers Association

September 5, 2008 ◊ Sheraton Hotel, Framingham

Registration 8:30 a.m. ◊ Program Begins 9:00 a.m. ◊ Adjourn 3:30 p.m.

Please print clearly or type:

Institution

Billing Address

City State Zip Code

Telephone FAX

Please register the following persons:

Name Nickname Title Email

Registration per person - Massachusetts Bankers Association Member $ 175.00 Qty:

Registration per person - Massachusetts Mortgage Bankers Association $ 175.00 Qty:

Registration per person - Nonmember $ 350.00 Qty:

Amount Enclosed $

Three ways to register:

Fax: Complete the registration form and fax to 617.523.5960

Online:

Mail: Send this form with a check to: Massachusetts Bankers Association – MMLIS

73 Tremont Street, Suite 306, Boston, MA 02108-3906

Credit Card

MasterCard Visa American Express

Card Number Expiration Date

Signature

Cancellation and refund policy: A $25 per person cancellation fee will be charged. No refunds for cancellations made after August 29, 2008. Substitutions from your bank are encouraged if you are unable to attend. Please note that if you don’t attend, but haven’t cancelled, you are still responsible for payment, however seminar materials will be sent to you. If you register within three days of the program and then cancel or fail to attend the program, you will be invoiced for the full cost of the program.

Application Deadline: To assist us in planning, applications should be received no later than September 3, 2008. Please direct inquires or cancellation information to Pat Tabolsky, registrar; ptabolsky@. Payment by check must be received by the Association, on or before the seminar date, either by mail or hand-carried to the seminar.

NO CONFIRMATIONS PROVIDED

................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download