The 3rd Annual Credit Risk Transfer Symposium 2018 | Information Management Network (IMN) | 3 May 2018 | CRTalk Topic: Economics of CRT Andy Davidson President Andrew Davidson & Co., Inc, 102 North End Ave, New York, NY 10282, USA

The conference will provide in-depth coverage of all major aspects of this exciting, developing asset class, including: how risk-sharing programs will continue to evolve; relative value in the CRT bond sector and the buy-side perspective; re-insurance transactions and the re-insurer perspective; mortgage insurance (MI) companies and the deep-MI alternative; originators and their options & the impact of all of these developments on the future of GSE reform. With roughly $48 billion of these securities sold by Fannie Mae and Freddie Mac since 2013, this developing market represents a quiet transformation of the housing giants from government control and a shifting of mortgage default risk away from taxpayers.

In bringing together key GSE representatives, institutional investors, insurance/reinsurance companies, law firms, asset managers, lenders, and more, the Credit Risk Transfer Symposium will provide comprehensive coverage on the developments and investment opportunities in this space.

2018 Speakers

Kaelyn Abrell
Partner, Portfolio Manager ArrowMark

Himesh Shah
Portfolio Manager Christofferson Robb

Mike Reynolds
Vice President Credit Risk Transfer Freddie Mac

Xavier Jordan
Chief Investment Officer & Head of Capital Markets IFC

Juan Grana
Managing Director, Structured Solutions Group Nomura

Molly Whitehouse
Director, Mariner Investment Group

David Moffitt
MD, LibreMax

Juan Carlos Martorell
Managing Director, Mizuho International

Gareth Old
Partner, Cliffiord Chance

Jeremy Bradley
Managing Director ,Lloyds

David Felsenthal
Partner, Clifford Chance

Sukho Lee
Vice President, Nomura

Lekith Lokesh
Director, Finance Group at Credit Suisse

Matthew Moniot
Partner, Elanus Capital Management

William Cejudo
Partner, Clifford Chance

Timothy Cleary
Partner ,Clifford Chance

Matthias Korn
Head of Financial Solutions1 Caplantic

Frank Benhamou
Managing Director, Barclays International

Intro to CRT Structures

Kathleen Pagliaro
Director, fannie Mae

Credit Risk Management at GSEs

Laurel Davis
Vice President for Credit Risk Transfer, Fannie Mae

Data & Analytics for CRT Investors

Benjaminn Walker
Senior Managing Director, Aon Benfield

Opening Remarks

Rob Landauer
Director of Business Development
Andrew Davidson & Co., Inc.

Jade Friedensohn
Managing Director

Housing Economics

Ned Myers
Senior Vice President
Black Knight

Christopher Flanagan
Managing Director
Bank of America Merrill Lynch

Vipul Jain
Managing Director, Wells Fargo

Ned Myers
Senior Vice President
Black Knight

Christopher Flanagan
Managing Director
Bank of America Merrill Lynch

CRTalk

Chris DiAngelo
Partner
Katten Muchin Rosenman LLP

Kevin Palmer
Senior Vice President, Credit Risk Transfer
Freddie Mac

Laurfie Goodman
Center Director, Housing Finance Policy Center, Urban Institute

CRTalk
Topic: Economics of CRT

Andy Davidson
President
Andrew Davidson & Co., Inc

CRT Traders

Gaurav Singhania
Senior Vice President, RMBS
Morningstar Credit Ratings, LLC

Benjamin
Executive Director, Non-Agency Trader
JP Morgan Securities LLC

Oren Benzaquen
Head of CRT Trading
Barclays

Crystal Jin
Director, Global Securitized Markets
Citi

Re-insurers & Mortgage Insurers

Jeff Krohn
Managing Director
Guy Carpenter

Jim Bennison
Executive Vice President, Alternative Markets
Arch Capital Group (US)

Benjamin Walker
Senior Managing Director
Aon Benfield

Robert Schaefer
VP for Credit Enhancement Strategy & Management
Fannie Mae

Gina Subramonian Healy
Vice President, Credit Risk Transfer
Freddie Mac

Rob Smith
Senior Vice President, Pricing and Portfolio Analysis
National Mortgage Insurance

Issues in CRT: LIBOR, Credit Scores, Total Return Indices

JackKahan
Managing Director
Kroll Bond Rating Agency, Inc.

Richard Cooperstein
Director, Model Risk Management
Andrew Davidson & Co., Inc.

Michael Reynolds
Vice President, Credit Risk Transfer
Freddie Mac

Joanne Gaskin
Senior Director
FICO

REITS

Kendal Sibley
Partner
Hunton & Williams LLP

Vandy Fartaj
Chief Capital Markets Officer
PennyMac

Howard Altarescu
Partner
Orrick, Herrington & Sutcliffe LLP

Victoria Rostow
Senior Vice President, Policy & Regulatory Affairs
National Association of Real Estate Investment Trusts

Tom Klein
Vice President, Deputy General Counsel
Fannie Mae

Investor Panel

Grant Bailey
Managing Director
Fitch Ratings

Neil Aggarwal
Portfolio Manager/Head of RMBS
Semper Capital Management

RJ Madden
Director
Angelo Gordon

Government and CRT

Vishwanath Tirupattur
Managing Director
Morgan Stanley

Mark Zandi
Chief Economist
Moody's Analytics

Bob Ryan
Acting Deputy Director for Division of Conservatorship
Federal Housing Finance Agency

Mitchell Remy
Financial Economist
Congressional Budget Office

Joe Monaghan
Executive Managing Director
Aon Benfield Inc.

2018 Sponsors

LEAD SPONSORS:
• AON
• Bank of America Merrill Lynch
• citi
• Fannie Mae
• FreddieMac
• GUY CARPENTER

PARTNER SPONSORS:
• Arch
• CREDIT SUISSE
• FitchRatings
• WELLS FARGO

ASSOCIATE SPONSORS:
• BLACK KNIGNT
• DBRS
• FICO
• Goldman Sachs
• HUNTON ANDREWS KURTH
• J.P.Morgam
• Katten KattenMuchinRoseman LLP
• KBRA
• Milliman
• Morgan Stanley
• MORNINGSTAR

EXHIBITOR SPONSORS:
• BARCLAYS
• INTEX
• MBSData
• NOMURA
• PolyPaths
• USMI

LANYARD SPONSOR:
• BNO PARIBAS

LEAD MEDIA PARTNER:
• GlobalCapital

MEDIA PARTNERS:
• Asset Securitiization Report
• Asset-BackedALERT
• Commercial MortageALERT
• Hedge FundALERT
• Real EstateALERT