A G E N D A

Thursday, June 1, 2:00 p.m.-3:30 p.m. EST

2:00-2:05

Topical assessment, sponsor recognition and brief speaker introduction. Bankruptcy reform legislation has affected default servicing processes in a number of ways. The new laws have given servicers some helpful tools, as well as presented areas for heightened concern. Attentiveness to the legislation is of primary importance as your default-servicing gears crank this year.

2:05-2:20

Some say that bankruptcy reform measures were imperative and well-conceived. Others argue that the law was poorly drafted and is packed with ambiguity and uncertainty. In either event, the judiciary is in a position to interpret the law as cases flow from dockets. How judges perceive the law and rule on issues will have a profound effect on how servicing operations approach bankruptcy in the future. This portion of the program will offer a judge's perspective on the reforms, and address the interesting and challenging issues that have risen.

2:20-2:35

For years, mortgage servicing operations have been dealing with familiar bankruptcy-related processes and procedures, as well as established case law. Now that reforms are in effect, servicers must learn to navigate new provisions and tweak standard approaches. During this track, participants will receive an overview of how the new legislation has affected operations, and what organizations can do to preserve efficiencies in default servicing.

2:35-2:50

One of the most beneficial aspects of bankruptcy reform are the provisions related to the automatic stay. In many respects, servicers have been empowered to pursue repeat filers and protect their interests. But while the new provisions have offered opportunities, it is important to closely review each file to spot areas where trouble may arise.

2:50-3:05

Bankruptcy is an inevitable issue that default servicing professionals face. There is evidence suggesting that bankruptcy filings decreased after Oct. 17, 2005, but servicing organizations will invariably continue to contend with these loans and borrowers. Now that reforms have been in effect for several months, it is possible to ascertain where the bankruptcy process can get muddled, costing servicers precious time and money.

3:10-3:30