Partial Truth About Partial Claims Webinar
April 23rd, 2025
1:00 PM ET | 12:00 PM CT | 11:00 AM MT | 10:00 AM PT
Members - FREE | Non-Members - $25
Has the government really created a new housing bubble as a recent Wall Street Journal article claimed? Are government lending policies like higher debt-to-income ratios for homebuyers, and foreclosure prevention protocols like the FHA's partial claim program setting the market up for its next crash and a new tidal wave of defaults? And have these policies created a hidden trove of underwater borrowers, while becoming a "cash cow" for mortgage servicers?
Is this scenario real, bad math, or something worse?
Join us as we answer these questions and try to set the record straight in an information-packed session with MBA President & CEO Bob Broeksmit, Carrington Mortgage Holdings Managing Director Nolan Turner, and Rick Sharga, Founder & CEO of CJ Patrick Company.
What's really going on with mortgage delinquencies and defaults, mortgage servicing and homeowner equity? Join us on April 23rd at 10:00AM Pacific Standard Time to find out.
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.
Bob D. Broeksmit, CMB
MBA President & CEO
Robert (Bob) Broeksmit, CMB, is President and CEO of the Mortgage Bankers Association (MBA), bringing more than 35 years of leadership in the mortgage industry. Before joining MBA in 2018, he was President and COO at Treliant, a Washington-based consultancy, where he led the firm’s mortgage litigation support and advised a wide range of financial institutions. Bob is a Certified Mortgage Banker and a graduate of Yale University.
Previously, Bob held senior executive roles at Chevy Chase Bank, Capital One, and Prudential Home Mortgage, overseeing originations of up to $9 billion annually and servicing portfolios of $20 billion. He has testified as an expert in major litigation cases and served on MBA’s Board of Directors and as Chair of its Residential Board of Governors.
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.
Nolan Turner
Carrington Mortgage Holdings
Nolan Turner is the Managing Director for Carrington Holding Company. He leads Carrington’s strategic initiatives, growth / revenue objectives, and industry partnerships across Carrington’s 8 vertically integrated companies and 4,000 employees. Nolan brings nearly 20 years of experience across the entire mortgage loan life cycle (Capital Markets, Lending, Servicing, Default Management, Title, Real Estate, and RMBS Trading). Prior to Carrington, Nolan held leadership roles within the Investment Bank at Wachovia and wholesale loan operations at World Savings. Nolan is an MBA Future Leader, a CMB, and holds post graduate degrees in Cognitive Psychology and Quantitative Analytics.
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