MReport May 2017

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14 | TH E M R EP O RT EXPOSURE Five Star Government Forum APRIL 5, 2017 / WASHINGTON, D.C. National Mortgage Servicing Association Member Meeting APRIL 6, 2017 / WASHINGTON, D.C. L ast month, The Five Star Institute hosted several meetings of mortgage industry leaders and government officials in Washington, D.C., where leaders in both servicing and government engaged in honest, open dialogue about the industry's most pressing issues and challenges. The Five Star Government Forum on April 5 as well as the National Mortgage Servicing Association (NMSA) member meeting on April 6 aimed to improve growth in the industry. The Eighth Annual Five Star Government Forum included a lineup of speakers and attendees from government agencies such as the Consumer Financial Protection Bureau, Freddie Mac, Fannie Mae, the Federal Housing Finance Agency, the U.S. Department of Housing and Urban Development, and Ginnie Mae. Joining these institutions were top executives from companies such as WL Ross & Co. LLC, The Milken Institute, Altisource Portfolio Solutions, Moody's Analytics, FICO, Urban Institute, CoreLogic, The Collingwood Group, MERS, and During the Forum, Collingwood Group Chairman Tim Rood spoke and led discussions on the state of the government and its effect on the industry. "The Trump administration has its work cut out for it. While the Republicans control the White House and both chambers of Congress, never before has a majority felt so unpredictable," Rood said. "You don't have to look much further than the recent attempt at rolling back Obamacare to appreciate how tenuous the Republican majority in Congress truly is. Sustainable and affordable homeownership is a bipartisan issue, and it's clearly important to this administration." During the annual NMSA meeting, servicer attendees met with CFPB Director Richard Cordray. During the event, the director spoke on how to foster a more positive relationship between the industry and the Bureau. "We had a productive meeting with Director Cordray and believe we have established the groundwork for broader collaboration with the CFPB on behalf of banks and non- banks," said Five Star President and CEO Ed Delgado. 1. 2. 3.

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