The fifth annual National Property Preservation Conference drew a wide range of mortgage service professionals and industry insiders from across the country for three days of discussion and sharing of knowledge.

SUMMARYConference summary
Conference PowerPoint presentation
Conference PowerPoint presentation (Flash version)

PHOTOSPhoto slideshow

VIDEO Reception

Day 1, Session 1: Foreclosure Prevention

• Keynote - Keith Pedigo
• Opening Remarks/Conference Overview
• Vance Morris Opening Remarks
• Session Introduction
• Foreclosure Prevention
  • Industry Foreclosure Prevention Efforts
  • Borrower Outreach and Counseling/HOPENow Alliance
  • Fannie Mae R.A.M.P.
  • Freddie Mac Mass Modifications
  • HOPENow Alliance 'Door Knockers'
  • Additional Outreach and Loss Mitigation Efforts
  • Mass/Streamlined Modification Options
  • Asset Collateral Preservation Maintenance Standards
  • Communication Channels, Servicer Transparency and Vacant Property Registration Ordinances
  • Investor Compliance and HUD Loss Mitigation Initiatives
  • VA Guidelines and Interior Inspections
• REO Disposition
  • National Stabilization Program
  • Servicer Involvement/Disposition Opportunities with Local Governments
  • MBA Property Preservation Cost Survey
  • Session Recap

Day 1, Session 2: Investor Update HUD

• Session, HUD Staff, and Panelist Introductions
• HUD Top 10 Issues
  • Issue 1: Bid request for nominal amounts
  • Issue 2: Original Signatures/Electronic Submission
  • Issue 3: Winterizations (Demand/Non-Performance Letters)
  • Issue 4: Vacancy Issues (Pre-Sale Properties Listed for Sale by Brokers, Personal Property, First Time Vacancy)
  • Issues 5 & 6 : Conveyance of Damaged Properties Without M&M Approval/ Insurance Recovery
  • Issue 7: Utility Liens (Point of Sale Inspections)
  • Issue 8: Extension and OA Requests
  • Issues 9 & 10: Property Condition at Time of Conveyance/ Mortgagee Quality Control
• Q&A/Demand Letter Documentation
• Mortgagee Compliance (Continued)
• Servicers' HUD Issues
  • Issue 1: Turnaround Times (M&M Escalation Procedures)
  • Issue 2: Bid Requirements
    • Bids Required for Published Allowables if total cost has been exceeded
    • 2nd Bids Requested Where 1st Bid is in Accordance with HUD Pricing Matrix
    • Debris Allowable Limited by CYD Measurement
    • Reglazing Requirement
    • Bid Approval After the Fact for Non-Emergencies
    • Date Stamps On O/A’s
    • Additional Items (Photo Fee, Securing Clarification, VPR Fee)

Day 1, Session 3: Investor Update - Fannie Mae, VA, Freddie Mac

• Fannie Mae
• VA
• Freddie Mac

Day 1, Session 4: REO

• Introduction
• REO Statistics
• Preserving REO Assets
• Cosmetic Improvements and Marketability Enhancement
• Marketing Trends and Quality Control
• Impact of Repairs
• Ongoing Services
• Disposition Options andMarket Value

Day 2, Session 1: Community Impact

• Keynote - Amy Cutts
• Introduction
• Neighborhood Stabilization
• National Stabilization Trust
• US Conference of Mayors Survey Results
• Protecting Communities
• Handling Occupied Properties

Day 2, Session 2: Vacant Property Registration

• Introduction
• Vacant Property Registration
• MERS