Tag Archives: 2015 Five Star Conference and Expo

Members of the Five Star Institute's Federation of Certified REO Experts (FORCE) gathered from all over the country last week for the FORCE rally at the 2015 Five Star Conference and Expo in Dallas for a day of exclusive academics and networking opportunities.

The honorable Sheila C. Bair, chairman of the Federal Deposit Insurance Corp., wrapped up the panel of distinguished ladies with a reflection of her path to her current position and most recent position as President of Washington College.

As the practice of mortgage servicing continues to undergo sweeping changes—from SPOC to consent orders and everything in between—servicing finds itself in a near constant state of evolution, mired with rules and policy that make today’s practice more complex than ever.

Five Star has partnered with various non-profit organizations over the last five years to provide approximately $4 million worth of homes to service members. Auction.com CEO Tim Morse and Operation Homefront President and CEO John I. Pray were on hand for Thursday's presentations.

Industry panelists from a number of companies came together in the lab to talk about regulation, non-depository lending, mortgage servicing rights, and REO to loan products in the three and a half hour lab.

The former plan to engage code enforcement in order to avoid citations from the city was for servicers and field services providers to make a pitch to the city officials in which the property was located. But the cities are in a different position because revenues are down due to lower property values.

When the panel of four experts debated whether the current single-family rental market is a "bubble" or is here to stay and the question was put to them by Tim Herriage, the lab's director, three of the four experts answered that it was here to stay. That is, three out of four experts believe that investors will be able to sustain the single-family rental market enough to avoid a housing crisis like the one in 2008.

This year's conference will include a keynote address from former FDIC Chairman Sheila Bair, a performance from country music star Wynonna Judd, an appearance from Dallas Cowboys quarterback Tony Romo, seven Five Star Labs (including the inaugural Single-Family Rental Lab) presented by experts in the real estate and mortgage industries from all over the country, and endless networking opportunities.