Loan Modifications: Available Programs, Issues and Fundamentals

• Overview
• Agenda
• Faculty
• Credits

In this economic downturn with the mortgage loan default rate at unprecedented highs, lenders, investors and servicers are in a quandary as to how best to deal with their loan portfolios. Facing workouts or foreclosures, the mortgage industry must weigh its options to determine how to maximize its return. With likely foreclosure moratoriums, decreasing home values and governmental pressure, loan modifications are becoming a necessity.

This teleconference will address the latest loan modification programs available, the advantages and disadvantages of each, as well as servicing issues that may affect a servicer's ability to modify its portfolios, given investor servicing agreements and restrictions. A tutorial on the fundamentals of processing a loan modification, including documentation, disclosure and closing issues, will also be provided. This teleconference is critical for those tasked with addressing nonperforming loan portfolios.

Faculty

Arthur B. Axelson, Reed Smith LLP
Stephanie D. Cohen, Reed Smith LLP

Registration

To register for this live audio conference please dial 1-866-411-6211.