American Mortgage Conference Hosting Press Conference

RALEIGH, N.C. -- The annual American Mortgage Conference (AMC) gets underway September 8th and runs until September 10th at the Marriott Crabtree Valley in North Carolina’s capital city, Raleigh.  The meeting of mortgage industry leaders and participants, from more than 20 states, is unparalleled this year in the strength of its agenda.  That agenda focuses on an array of leaders from government and the private sector, all of whom continue the American tradition of homeownership and shelter affordability like no other modern nation.


The first day of the conference features a 2:00 pm press conference. All interested media are invited to cover the important announcements. Bruce Marks, CEO of NACA, Edward Pinto, Co-Director of AEI’s International Center on Housing Risk, and the Bank of America will discuss the Wealth Building Home Loan (WBHL), a new approach to low-income home finance.  The WBHL provides low-income borrowers a Straight, Broad Highway to Building Wealth based on a 15-year, fully amortizing, fixed rate loan.   While the WBHL requires little or no down payment and has a broad credit box, the monthly payment is much less than a traditional 15-year loan and will result in much lower foreclosure risk than FHA and other loans to similarly situated borrowers.  The WBHL will be rolled out at 37 offices nationally by NACA and Bank of America in September.

On that same afternoon, the director of the Federal Housing Finance Agency, which supervises Fannie Mae and Freddie Mac, the Honorable Mel Watt, former North Carolina Congressman, will speak and take questions on the challenges faced by his office with the restructuring and re-adaptation of those government services agencies tasked with the function of the secondary mortgage market in America.

A series of announcements will be made regarding the government housing agency, Ginnie Mae, and its programs, by Ted Tozer, that agency’s president.  He will speak on September 8th as well as will Steve Antonakes, the number two leader of the Consumer Financial Protection Bureau.

Industry pioneer and mortgage industry creative specialist, Lew Ranieri, rounds out the first day of the AMC.  When Lew Ranieri speaks, the American mortgage industry listens!

The unparalleled quality of the program continues on Tuesday, September 9, throughout the day featuring mortgage leaders like Carol Galante, Commissioner of the Federal Housing Administration (FHA);  David Stevens, President & CEO of the Mortgage Bankers Association; Jennifer Whip, Vice President of Business Development at the secondary mortgage market giant, Fannie Mae; Matt Feldman, President & CEO of the Federal Home Loan Bank of Chicago;  Peter Carroll, SVP of Capital Markets for Wells Fargo and a host of other panelists, presenters and practitioners.

Freddie Mac expects housing demand and supply to increase through next year as the economy gradually returns to normalcy.  One of the biggest factors that will motivate U.S. consumers to purchase a home is their employment situation.  After several years of weakness, the labor market is starting to improve adding 230,000 net new jobs on average for the first seven months of 2014.  Meanwhile, stronger economic growth and job creation results in rising family income.  The southeastern part of the country, and the banks domiciled in it, may well set the pace for lending over coming months.  The region seems poised, say economists, to lead recovery through loan growth.  Improving borrower confidence, the hint of higher interest rates, and changing demographics are all helping reverse the fortunes of the southeast.

Business and industry media are invited to cover all or part of the three day conference that concludes the late morning of September 10th.  Press credentials may be acquired by contacting Brianna Karmi.  Please note, as usual, we expect a huge amount of industry news to emanate from this meeting and from the podium, conversations and easy access to the speakers during their visit.

The quality of national sponsors is worthy of note as they include:

Abacus Mortgage Training, Alston & Bird, BB&T, Bank of America, BuckleySandler LLP, Community Bank Services, Community Investment Corporation of the Carolinas, CRS Data,

Essent Guaranty, Federal Home Loan Bank of Atlanta, Genworth Financial, Hutchens Law Firm, Kilpatrick Townsend & Stockton LLP, North State Bank Mortgage, Phoenix Capital, Smith Debnam, SunTrust Mortgage, TowneBank Mortgage, UNC Center for Community Capital, and Weiner Brodsky Kider, PC.

For more information on how you may register for the 2014 American Mortgage Conference, please contact Brianna Karmi at brianna@ncbankers.org or (919) 781-7979.

NCTechNews is published by Innovative Public Relations, Inc. (www.innovativepublicrelations.com), a Triangle-based consultancy providing PR and media relations services to help clients achieve their business development and organizational goals. NCTechNews supplements quality reporting provided by respected media outlets throughout North Carolina and the United States.