National Property Preservation Conference 2010
Safeguard Properties hosted the seventh annual National Property Preservation Conference.
With a record-breaking attendance of more than 500 of the industry’s leading servicers, investors, GSEs, and field services companies, the conference was once again a huge success. Thank you to this year’s sponsors and planning committee members, who helped make this event possible.
Safeguard was honored to welcome Vicki Bott and Vance Morris as our keynote speakers. Ms. Bott is HUD’s deputy assistant director for single family housing. She is responsible for managing and directing all of FHA’s single family mortgage programs. She is nationally regarded for her knowledge of mortgage lending. Mr. Morris is HUD’s director of single family asset management. He oversees loss mitigation, default reporting, and servicing of FHA’s $850+ billion insured portfolio. In addition to his 13 years with HUD, Mr. Morris also has a number of years’ experience in the servicing and community development sectors.
This year’s session topics included a high-level overview of the industry in the current economic climate, detailed discussions on HUD–including recent changes and plans for the future–and Freddie Mac and the VA. Additional topics of conversation included the benefits of, and need for more, communication between various facets of the industry and local communities, as well as the state of the REO sector and plans for the future.
To commemorate Safeguard’s 20th anniversary and the transition in leadership that took place this year, I was pleased to present a tribute video to our chairman and founder, Robert Klein, as a thank you for his ongoing industry and company guidance. In it, a number of industry representatives took a moment to express words of congratulations, appreciation and thanks for Robert’s continued hard work.
Please click on the links below to view summaries, PowerPoint presentations and video recordings of the different sessions that took place during the National Property Preservation Conference 2010.
Sincerely,
Alan Jaffa
Safeguard Properties CEO
Summaries
Keynote and Guest Speaker
Keynote Address: Vicki Bott
Guest Speaker: Vance Morris
General Sessions
State of the Industry
HUD Part 1
Investor Update
HUD Part 2
Community Relations Part 1
Community Relations Part 2
REO
PowerPoint Presentations
General Sessions
HUD Part 1
Investor Update
HUD Part 2
Community Relations
REO
Video
Keynote: Vicki Bott (Full Video)
- Conference Opening
- Vicki Bott Introduction
- Keynote Address: Vicki Bott, HUD Deputy Director of Single Family Asset Management
General Session: State of the Industry (Full Video)
- State of the Industry Opening
- Industry Challenges
- Improvements in Communication
- Public Perception
- Future of Property Preservation
- Closing Remarks
General Session: HUD Part 1 (Full Video)
- Opening Remarks
- Panelist Introductions
- HUD Update
- Reverse Mortgage Servicing
- Bona Fide Leases and Conveyances
- Overallowables on Tenant Occupied Properties
- ARS Question: Detailed Scope of Work
- MCB Handling of Exceptions
- Hazard Insurance Claim Thresholds
- High Vandalism Areas and Guidelines
- ARS Question: Bid Cost Esimating Software
- ARS Question: Placing Property ICC
- ARS Question: Reduction in Bids Post ML 2010-18
- HUD’s Long-Term Cost Estimator
- ARS Question: Enhancements for P260
- Recommendations for P260 Enhancements
- Reductions in Bids Post ML2010-18
- Personal Property Removal
- Debris Removal Under ML2010-18
- Cash-For-Keys Reimbursement Increase
- Roof Repair Expectations In Inclement Weather
- Reconveyance Process
- Closing Remarks
General Session: Investor Update (Full Video)
- Opening Remarks and Panelist Introductions
- US Veterans In Default Services
- VA Overview
- Freddie Mac Introductions
- Property Preservation as Tool For Loss Mitigation
- Distressed Assets
- Pre-Sale vs. Post-Sale Expectations
- Bid Submissions
- Code Violations
- Low Property Values
- Property Preservation Approval Process
- Initiatives
- Preservation On Distressed Properties
- Reimbursement on M/I Claims
- Pre-Sale Interior Inspections
- Definition of Abandonment
- Definition of Significant Damage
- Inspections on Current Mortgages
General Session: HUD Part 2 (Full Video)
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