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Description
PLEASE NOTE:
REGISTRATION WILL CLOSE 10 AM ET THE DAY OF THE WEBINAR
Mortgage credit risk transfer (“CRT”) is an important
component of the U.S. housing finance system.
Under conservatorship of the Federal Housing Finance Agency
(“FHFA”), Fannie Mae and Freddie Mac (together, the Government Sponsored
Enterprises or “GSE”s) have come to market with various structures to transfer
mortgage credit risk to both investors, via securities offerings (“Capital
Markets execution"), and reinsurers, via insurance offerings (“Reinsurance
execution”). Reinsurance of the monoline
mortgage guaranty insurers has also become an important part of the CRT
landscape.
The COVID-19 pandemic is shifting all facets of the economic
landscape including CRT. This panel will
explore the implications of the evolving pandemic on mortgage CRT by addressing
the following questions:
- Economic conditions have changed drastically during the unfolding pandemic. What will mortgage performance look like in light of these shifting economic conditions and why should this differ from performance during the Global Financial Crisis;
- Unprecedented government assistance including the CARES Act has been deployed to stem the economic challenges. What impact will the various borrower assistance programs have on projected mortgage performance and CRT;
- Temporary loan forbearance has been widely utilized for borrowers facing financial hardship, with such loans being treated as delinquencies. What are the implications for CRT transactions and for mortgage insurer capital requirements;
- The GSEs have been meeting the majority of their CRT capacity with capital markets executions and the monoline mortgage insurers have also tapped both the reinsurance and capital markets for protection. How might dislocations in the capital markets including reduced CRT bond liquidity impact the demand for CRT reinsurance capacity from the GSEs and mortgage insurers; and
- While not related to the pandemic, the FHFA recently reproposed a capital rule for the GSEs. What is the potential impact of this rule on the GSEs and how might it affect CRT programs in the future?
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Registration Information and Fees
PLEASE NOTE: REGISTRATION WILL CLOSE 10 AM ET THE DAY OF THE WEBINAR
| Registration Fees (in U.S. Dollars) |
Received on/by Oct 1, 2020 |
Received after Oct 1, 2020 |
| Individual | $50 | $75 |
|
Group*
(more than one person using the same internet connection) |
$250 | $300 |
|
Multiple
Connections**
(Unlimited internet connections for individuals working for the same company. Please note that audio for this presentation will be streamed via the web) New MC Subscription also available. |
$500 | $550 |
*Group Registrations will receive a code during the webinar with which they can use to count their attendance.
**Multiple Connection Registrations should contact Leanne Wieczorek directly at lwieczorek@casact.org. The registering party for the Multiple Connection Registration will be responsible for distributing all event details to attending individuals within their company.
Cancellations/Refunds
Registrations fees will be refunded for cancellations received in writing at the CAS Office via fax, 703-276-3108, or email, refund@casact.org , by October 8, 2020 less a $25 processing fee.
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