The 43rd Annual Uniform Commercial Code Institute

The Securitization Market and Proposed Reforms: A Look into the Future of Housing Finance

05/05/2010 05:00 p.m. - 07:45 p.m.

Corporate Finance | Capital Markets, Structured Finance + Securitization, Covered Bonds, and Financial Institutions + Financial Services

Morrison & Foerster LLP
1290 Avenue of the Americas
39th Floor
New York, NY 10104

Seminar

Christie Adams
cadams@mofo.com
212-336-4024

Morrison & Foerster is hosting the 43rd annual UCC Institute with Penn State's Dickinson School of Law in the New York office.

5:30 to 5:35 pm, Greeting and Introduction, Professor Louis F. Del Duca

5:35 to 6:15 pm, An Overview of the Current State of the Market and a Review of Securitization Reforms

  • A market outlook:  Which sectors of the market are functioning? Why? How have government programs like TALF worked?
  • Consequences of the “originate to distribute subprime” model for extending and transferring risk
  • A summary of proposed regulatory and accounting reforms (the House and Senate versions of legislation; the FDIC safe harbor policies, the proposed new Basel framework, credit rating agency regulations, FASB 166 and 167)
  • What are the likely effects of all of these changes and proposed changes on mortgage loan costs?

 
6:15 to 6:50 pm, Financing Mortgage Originations: A Report Card on Mortgage Modification Efforts

  • How have existing mortgage modification programs worked to date?
  • What are the legal and tax impediments to mortgage modification efforts?
  • Systemic risk and credit rating issues—macro and micro perspectives

6:50 to 7:00 pm, Break

7:00 to 7:45 pm, The Future of Housing Finance: Alternative Mortgage Financing Approaches

  • How will the securitization market of the future look?
  • What is the outlook for covered bonds, shared appreciation mortgages and peer-to-peer lending sites?
  • How might FDIC securitizations function?
  • What will be the continuing role of the GSEs?

Who Should Attend:

This event is intended for investment professionals, tax advisors, and both newly admitted and experienced attorneys.

Speakers:

  • Moderator:  Professor Louis F. Del Duca, Program Chair & Director, The Uniform Commercial Code Institute, Penn State Dickinson School of Law
  • Yehudah Forster, Moody’s Investors Service
  • Mercy Jimenez, Covered Bond Investor LLC
  • Stephen Kudenholdt, Sonnenschein Nath & Rosenthal LLP
  • Andreas Lehnert, Federal Reserve Board
  • Jerry Marlatt, Morrison & Foerster LLP
  • James Mountain, Deloitte & Touche LLP
  • Chudozie Okongwu, NERA Economic Consulting
  • Faten Sabry, NERA Economic Consulting

      A Uniform Certificate of Attendance will be provided for CLE credit.

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