Regulatory and Legislative Update Webinar
June 12th, 2025
1:00 PM ET | 12:00 PM CT | 11:00 AM MT | 10:00 AM PT
Members - FREE | Non-Members - $25
With the CFPB shrinking and state regulators rushing to fill the void, it's important to stay on top of changes to processes and procedures impacting foreclosures. Our experts will break down the latest federal and state legislative and regulatory developments impacting default servicing and help you understand how changing policies might affect your business operations, compliance requirements, and client relationships.
Whether you're navigating HUD guidelines, REO processes, or broader market shifts, this session will help you stay informed, prepared, and ahead of the curve.
Key takeaways include:
Overview of recent and pending legislation and regulations
Impacts on default servicing, REO sales, and property preservation
Insight into advocacy efforts and industry trends
Q&A with policy and legal experts
Stay ahead of change — join us for critical insights that will help you plan for success in 2025 and beyond.
Meet The Speakers:
Moderator: Erik Sellfors
Cambridge Homes
Since the age of eight, Erik has been involved in flipping homes alongside his parents. In 1987, at just 19 years old, he began his career in real estate, selling properties in the San Fernando Valley. By 1992, Erik received his first REO (Real Estate Owned) assignment, marking the start of a distinguished career working with major banks, servicers, and government agencies, including Fannie Mae and HUD.Today, Erik is the Broker/Owner of Cambridge Homes, with offices in both North Los Angeles and the Palm Springs area. Throughout his career, he has been fortunate to build lasting relationships with friends and colleagues in the industry. One of the greatest honors has been serving on the board of the National Association of Default Professionals (NADP), where he has contributed to the legislation and advocacy efforts, closely monitoring legal changes that impact the industry. More recently, Erik has helped lead webinars addressing critical issues facing the industry today.
When Erik isn’t working, his greatest joy comes from spending time with his kids, whether surfing or skiing, making cherished memories in the outdoors.
Stephen M. Hladik, Esquire
Hladik, Onorato & Federman, LLP.
Stephen M. Hladik, Esquire, is a principal in Hladik, Onorato & Federman, LLP. Formerly a Deputy Attorney General in charge of the Harrisburg office of the Pennsylvania Bureau of Consumer Protection, Steve brings a broad range of experience to his mortgage foreclosure, bankruptcy, tax sale and UDAAP legal practice.
A graduate of the Pennsylvania State University, Steve’s interest in history and politics grew into a desire to study law while taking a constitutional law class, among others, as an undergraduate. Steve pursued and obtained his law degree from Widener University, with honors, where he was named Internal Managing Editor of the Law Review.
Steve gained significant expertise in lending law enforcement in the Pennsylvania Attorney General's Bureau of Consumer Protection, handling UDAP, FDCPA, RESPA and TILA cases. Prior to joining Hladik, Onorato & Federman, LLP, Steve was the Pennsylvania managing attorney for one of the nation’s largest creditor’s rights firms, practicing mortgage foreclosure and bankruptcy law.
Steve routinely teaches Continuing Legal Education courses on mortgage law, bankruptcy law, title law, real estate tax sale law, FDCPA and CFPB regulations, and related lending law compliance issues. Steve also serves the mortgage servicing industry as the Chair of the Advisory Council of the Legal League and having previously chaired the Government Affairs Committee of the Legal League. Steve also actively participates on various committees of the ALFN.
In addition to his legal practice, Steve was elected to three terms as a School Director on the North Penn School Board, and served as Chairman of the Finance Committee, where he oversaw implementation of a $225 million budget. Prior to service on the School Board, Steve was a member of the Towamencin Township Planning Commission for six years. Steve also served as the Vice President of the AKL Education Foundation and is the past National President of Alpha Kappa Lambda Fraternity.
Steve is admitted to practice before the Supreme Courts of Pennsylvania, Colorado, Michigan, New Mexico and New Jersey, the U.S. Court of Appeals for the Third Circuit and the U.S. District Courts for the Eastern, Middle and Western Districts of Pennsylvania, Colorado, New Jersey, New Mexico, North Dakota, and Puerto Rico. He is a member of the Montgomery County, Colorado, Michigan, Pennsylvania, New Jersey, Federal and American Bar Associations. Steve also served two terms as the Co-Chair of the Business, Banking and Corporate Counsel Committee of the Montgomery County Bar Association.
Weiner Brodsky Kider PC
Michael R. Pfeifer is “Of Counsel” to Weiner Brodsky Kider, PC and has over 4 decades of experience in real estate and consumer financial services litigation and regulatory compliance representation. He has also been General Counsel for the California MBA since 2011. Michael’s practice focuses on defense and counseling of lenders, servicers, and investors in regulatory examination, enforcement, and license-revocation proceedings. However, he also regularly handles real estate finance litigation of all kinds, including defense of consumer credit and UDAAP claims, default servicing and loan repurchase disputes, financial fraud recovery, title, and lien priority disputes (including title insurance coverage litigation), creditor representation in bankruptcy, and disputes arising from real estate purchase and sale transactions and HOA matters. Prior to becoming General Counsel of California MBA, Michael served on its Board of Directors for 9 years. He was also Chair of its Legal Issues and Regulatory Compliance Committee from 2011-2017, and Chair of its Annual Legal Issues and Compliance Conference from 2003-2014. In addition, Michael remains active in the Legal Issues, Regulatory Compliance, and Loan Administration Committees of the Mortgage Bankers Association of America and in the California Mortgage Association. He has published numerous articles on industry-related topics and is a frequent speaker and panelist at various industry conferences and educational events. Michael received his JD Degree from Cornell University in 1975.
Midyear Foreclosure Market Update
July 15th, 2025
After five years of historically low foreclosure activity, is the market finally starting to return to normal? Mortgage delinquency rates appear to be on the rise, along with foreclosure starts. But foreclosure sales and REO inventory both remain well below pre-pandemic levels. Will FHA and VA loans drive higher numbers of defaults and foreclosures for the rest of 2025? Or is increased activity still off in the future? Will a weakening housing market limit the options delinquent borrowers have to avoid foreclosure? And what impact will today's economic uncertainty have on the market?
Join us as our panelists answer these questions, and dive into data from the Mortgage Bankers Association, ATTOM, Auction.com, ICE Mortgage Technology and others to discuss what's happening today, and what's in store for the balance of the year - and beyond.
Daren Blomquist
Auction.com
Daren Blomquist is vice president of market economics at Auction.com. In this role, Blomquist analyzes and forecasts complex macro and microeconomic data trends within the marketplace and industry to provide value to both buyers and sellers using the Auction.com platform.
Daren’s reports and analysis have been cited by thousands of media outlets — including all the major news networks and leading publications such as The Wall Street Journal, The New York Times and USA TODAY. Daren has been quoted in hundreds of publications and has appeared on many national network broadcasts, including CBS, ABC, CNN, CNBC, FOX Business and Bloomberg.
Rick Sharga
CJ Patrick Company
Rick is the Founder & CEO of CJ Patrick Company, a market intelligence and advisory firm for companies in the real estate and mortgage industries.
One of the country’s most frequently quoted sources on real estate, mortgage and foreclosure trends, Rick has appeared on CNBC, CBS News, NBC News, CNN, ABC News, FOX Bloomberg and NPR.
Rick is a founding member of the Five Star National Mortgage Servicing Association, on the Board of Directors of the National Association of Default Professionals and was twice named to the Inman News Inman 100, an annual list of the most influential real estate leaders. Rick has over 20 years of experience in the real estate and mortgage industries, including roles as the EVP/Market Intelligence at ATTOM Data, EVP for Carrington Mortgage Holdings, EVP at RealtyTrac, and as the Chief Marketing Officer of Ten-X and Auction.com, the leading online real estate marketplace.
Join us September 8-9, in beautiful Boca Raton, Florida, for our highly anticipated Annual Meeting! Held at the luxurious Boca Raton Hotel, this two-day event is your premier opportunity to network with industry leaders and gain invaluable insights from top professionals. Elevate your expertise and expand your connections at this must-attend event.
Hotel Details:
The Boca Raton is a luxury resort in the heart of Boca Raton. It is surrounded by captivating water views, endless activities, and gracious suites. Visit the private golden beach or take a swim in one of the many beachside pools, play on one of the historic golf courses, challenge a friend on the pickleball court, or drift into bliss at the five-star Spa Palmera. There is no doubt, you will enjoy your time in paradise with unparalleled elegance.
Hotel Location:
The Boca Raton
501 E. Camino Real
Boca Raton, FL 33432
Room Rate: $334 per night including the Resort Fee.
Click Here to book your room using the NADP Room Block!
The NADP Room Block closes on August 15, 2025.
Thank You to Our Gold Sponsor:
Schedule of Events:
Monday, September 8:
12:00-5:00 Registration
1:00-1:15 NADP Welcome & Introduction of Board
1:15-2:15 Economic Outlook
2:15-2:30 Networking Break
2:30-3:30 Session
3:30-3:45 Networking Break
3:45-4:45 Session
4:45-7:00 Reception
Tuesday, September 9:
8:00-12:00 Registration
7:30-9:00 Women's Breakfast
8:00-9:00 Light Breakfast
9:00-10:00 Session
10:00-11:00 Session
11:00-12:00 Session
12:00-12:15 Closing Comments
Sponsor the Foundation Auction:
The NADP Foundation will be hosting their bi-annual Foundation Auction to support the Foundation Scholarship Program providing aid to deserving students in the NADP community. Please show your support by sponsoring or click here to donate an item to the auction!
All Annual Meeting registration substitutions and cancellations must be submitted by email to info@defaultpro.org by the registered attendee. Cancellations received by August 1, 2025, are subject to a refund minus a $100 administrative fee per registration. There will be no refunds for cancellations made after August 1, 2025.
NADP Annual Summit & Expo
Sunday, March 1 – Tuesday, March 3, 2026
Renaissance Palm Springs Hotel
The 2026 Annual Summit will be held March 1-3rd at the Renaissance Palm Springs Hotel. We will be featuring servicer and asset management firms representing many of the largest Default Management servicers sharing about their business and how agents can participate in the process.
Registration Opening Soon!
Should you have any questions or concerns, please reach out to us at info@defaultpro.org.
The Joyce Essex Memorial NADP Foundation Golf Tournament
Sunday, March 1st |Indian Canyons Golf Resort
Registration Closes: Friday, February 20th
Join us for a shotgun start at 8:00 AM for 18 holes at the Indian Canyons Golf Resort Palm Springs! Located just 2.5 miles from hotel ZOSO, this is the perfect way to kick start your Summit experience. The Indian Canyons Golf Resort is located at 1100 E. Murray Canyon Dr, Palm Springs, CA 92264.
Registration Starts: 7:00 AM
Shot Gun Start: 8:00 AM
Registration Types:
Sponsorship Opportunities:
The NADP Foundation (formerly REOMAC Foundation) is dedicated to fostering educational advancement through the award of scholarships to deserving students. All proceeds from the golf outing will go towards future scholarship recipients.
Questions? Please contact info@defaultpro.org!
Follow Us:
