MBA’s Accounting, tAx And finAnciAl MAnAgeMent 10 by October 18 to Save MBA’s Accounting, tAx And finAnciAl MAnAgeMent CONFERENCE 2010 November 17–19, 2010 New orleaNs, la Wednesday,

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


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


2:45 p.m.–3:45 p.m.

Concurrent Sessions

• Retained Servicing and MSR Valuation

• Reg AB Changes


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


9:15 a.m.–10:15 a.m.

Concurrent Sessions

• Strategic Planning for Mortgage Executives

• Mortgage Bank Accounting Primer


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.


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MBA THANKS ITS SPONSORS

Silver

Sponsors confirmed as of July 20, 2010.

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1:30 p.m.–2:45 p.m.



3:00 p.m.–3:45 p.m.

Concurrent Sessions




4:00 p.m.–5:00 p.m.







8:00 a.m.–9:15 a.m.



9:30 a.m.–10:45 a.m.



11:00 p.m.–Noon

Concurrent Sessions


• Tax Session


1:30 p.m.–2:30 p.m.

Concurrent Sessions




2:45 p.m.–3:45 p.m.

Concurrent Sessions


• Reg AB Changes


4:00 p.m.–5:00 p.m.

Concurrent Sessions







8:00 a.m.–9:00 a.m.



9:15 a.m.–10:15 a.m.

Concurrent Sessions




10:30 a.m.–11:30 a.m.





























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1:30 p.m.–2:45 p.m.



3:00 p.m.–3:45 p.m.

Concurrent Sessions




4:00 p.m.–5:00 p.m.







8:00 a.m.–9:15 a.m.



9:30 a.m.–10:45 a.m.



11:00 p.m.–Noon

Concurrent Sessions


• Tax Session

Noon–1:30 p.m.Luncheon

1:30 p.m.–2:30 p.m.

Concurrent Sessions




2:45 p.m.–3:45 p.m.

Concurrent Sessions


• Reg AB Changes


4:00 p.m.–5:00 p.m.

Concurrent Sessions







8:00 a.m.–9:00 a.m.



9:15 a.m.–10:15 a.m.

Concurrent Sessions




10:30 a.m.–11:30 a.m.





























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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].













• HOEPA expansion



Fasb / seC Update





Financial instrument Project



o Impairment







• Risk management

















• Sales markets

• Finance markets








Tax session

• REMIC reform













• SAFE Act







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• Risk retention
























• Servicing


































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• HOEPA expansion



Fasb / seC Update








o Impairment







• Risk management

















• Sales markets

• Finance markets








Tax session

• REMIC reform













• SAFE Act







reg ab Changes





• Risk retention
























• Servicing


































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company name

company Address











Amount of charge



Signature date































• HOEPA expansion



Fasb / seC Update








o Impairment







• Risk management

















• Sales markets

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Tax session

• REMIC reform













• SAFE Act







reg ab Changes





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company name

company Address











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Signature date


























1:30 p.m.–2:45 p.m.



3:00 p.m.–3:45 p.m.

Concurrent Sessions




4:00 p.m.–5:00 p.m.







8:00 a.m.–9:15 a.m.



9:30 a.m.–10:45 a.m.



11:00 p.m.–Noon

Concurrent Sessions


• Tax Session


1:30 p.m.–2:30 p.m.

Concurrent Sessions




2:45 p.m.–3:45 p.m.

Concurrent Sessions


• Reg AB Changes


4:00 p.m.–5:00 p.m.

Concurrent Sessions







8:00 a.m.–9:00 a.m.



9:15 a.m.–10:15 a.m.

Concurrent Sessions




10:30 a.m.–11:30 a.m.





























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Documents

MBA’s Accounting, tAx And finAnciAl MAnAgeMent 10 by October 18 to Save MBA’s Accounting, tAx And finAnciAl MAnAgeMent CONFERENCE 2010 November 17–19, 2010 New orleaNs, la Wednesday,