Agenda - Day One - Monday September 14th

Day One - Monday September 14thMonday, September 14, 2026 - America/New_York

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Registration & Breakfast

7:30am - 8:25am

Registration & Breakfast

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General Session

8:25am - 8:30am

Welcome & Opening Remarks

8:30am - 9:15am

The state of housing finance: Structural change, rate cycles, and the future of mortgage credit

Derrick B. Gruner - Chief Capital Markets Officer & General CounselChief Capital Markets Officer & General Counsel Realworld Asset Group, Real World Asset

9:15am - 10:00am

CEO roundtable: The next phase of the home equity market

How do CEOs view the next phase of growth for HELOCs and second liens, and what will define market leaders over the next 2–3 years?
What strategic priorities are top of mind—origination scale, capital markets access, technology investment, or product innovation?
How are leaders positioning their organizations to navigate interest rate uncertainty and potential shifts in housing fundamentals?
What are the biggest risks to the home equity market outlook, and how are firms preparing for downside scenarios?
How will competition evolve across banks, credit unions, non-banks, and fintechs, and where are the opportunities to differentiate?
What structural changes in housing finance could reshape the role of home equity lending in the broader mortgage ecosystem?

10:00am - 10:45am

The future of automated HELOC underwriting: real-time credit, real-time decisions

How are lenders moving from static, point-in-time credit checks to real-time continuously updated underwriting using AI and live data feeds?
Where do you draw the line between instant automated decisions and the need for human oversight, especially in edge-cases or higher-risk borrowers?
How are alternative data sources – such as cash flow, bank transactions, and income volatility – changing who qualifies for a HELOC and how risk is priced?
What impact is full or partial automation having on underwriting teams, cycle times, and overall loan economics – and where do humans still add the most value?
How are firms ensuring model transparency, fairness, and regulator compliance when underwriting decisions are increasing driven by complex AI systems?

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Networking

10:45am - 11:30am

Networking Break

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General Session

11:30am - 11:45am

Sponsored Fireside Chat/Presentation

11:45am - 12:30pm

Securitizing home equity: RMBS structures, investor demand, and market evolution

How are HELOC and second-lien securitization structures evolving, and how do they differ from traditional RMBS frameworks?
What is driving investor demand for home equity credit, and how are buyers evaluating risk-adjusted returns in the current environment?
How are issuers managing collateral selection, seasoning, and performance to meet rating agency expectations?
What role do features like revolving periods, draw risk, and prepayment behavior play in structuring HELOC securitizations?
How are spreads, execution levels, and issuance volume trending, and what does that signal about market depth and liquidity?
What structural, regulatory, or market developments could accelerate or constrain the growth of second-lien securitization going forward?

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Networking

12:30pm - 1:30pm

Luncheon

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Track A

Track B

1:30pm - 2:15pm

Fraud, compliance, and risk controls in HELOC and second lien lending

Where are the most common fraud risks emerging in HELOC and second-lien lending, including income misrepresentation, occupancy fraud, and valuation manipulation?
How are lenders enhancing identity verification, income validation, and property valuation controls without slowing down origination?
What role do AVMs, third-party data sources, and fraud detection tools play in identifying and preventing risk?
How are compliance requirements evolving across federal and state levels, particularly around disclosures, fair lending, and data usage?
What quality control (QC) frameworks and post-close review processes are most effective in mitigating repurchase and enforcement risk?
How can lenders balance speed, automation, and digital workflows with strong governance, auditability, and regulatory compliance?

2:15pm - 3:00pm

Closed-end seconds and HELOCs: Origination strategy in the new rate environment

How should lenders position HELOCs versus closed-end seconds in a higher-for-longer rate environment?
What borrower segments are most responsive to second-lien products today, and how should origination strategies adapt?
How are lenders balancing speed, credit quality, and cost in the origination process as competition increases?
What role do digital workflows, AVMs, and automated underwriting play in scaling second-lien production efficiently?
How are distribution strategies evolving across retail, broker, and correspondent channels for HELOC and second-lien growth?
How should lenders think about pricing, product structure, and borrower incentives to drive volume without compromising margins?

3:00pm - 3:45pm

Special-purpose lending: The expanding use cases for HELOC and second-lien credit

What new and emerging use cases are driving demand for HELOCs and second liens beyond traditional home improvement and debt consolidation?
How are lenders structuring products to support specific borrower needs such as investor financing, small business liquidity, or bridge financing?
To what extent are second liens being used to support home purchases through piggyback structures or down payment solutions?
How are borrowers using home equity credit as a substitute for other forms of financing, such as personal loans or credit cards?
What risks are associated with expanding into specialized use cases, and how should lenders adjust underwriting and pricing accordingly?
How can lenders identify and target high-value niches while maintaining credit discipline and operational efficiency?

1:30pm - 2:15pm

Originators & investors: Deal flow exchange (closed-door roundtable)

A candid, off-the record discussion bringing together originators and institutional investors to align on deal flow, pricing, and appetite across HELOC and second-lien products. Under Chatham House Rules, participants will share real-time perspectives one what’s trading, where demand is strongest, and how structures are still evolving – creating a high-end forum for market intelligence and actionable connections.

2:15pm - 3:00pm

Capital markets “Build-a-Deal” strategy lab: Structuring for execution

An interactive, practitioner-led session focused on how HELOC and second lien deals actually get structured, funded, and brought to market. Through real-world scenarios and peer discussion, participants will explore the trade-offs across warehouse financing, forward flows, whole loan sales, and securitization – gaining practical insight into building a capital strategy

3:00pm - 3:45pm

Relative value in home equity credit: HELOCs vs. closed-end seconds vs. HEI

How do yield profiles and risk-adjusted returns compare across HELOCs, closed-end seconds, and HEIs in today’s market?
In what ways do structural differences – revolving vs. amortizing vs. equity participation – drive valuation and pricing outcomes?
How should investors assess credit risk, lien position, and expected loss severity across these three product types?
How do home price appreciation, interest rate dynamics, and borrower behavior factor into underwriting and valuation assumptions?
Where is investor demand strongest today, and how do liquidity and execution differ between securitization and whole loan channels for each asset class?

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Networking

3:45pm - 4:00pm

Networking Break

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General Session

4:00pm - 4:45pm

Investor roundtable: Why institutions are allocating to home equity credit

What is driving institutional interest in HELOCs and second liens, and how do these assets compare to other residential and consumer credit opportunities?
How are investors evaluating yield, duration, and credit risk in home equity portfolios in the current rate environment?
What role do HELOCs and second liens play within broader portfolio allocation strategies across fixed income, private credit, and structured products?
How are investors assessing collateral quality, borrower profiles, and geographic exposure when deploying capital into this asset class?
What are the key risks that give investors pause, and how are they being mitigated through structure, servicing, or underwriting?
How do investors view the evolution of liquidity, securitization markets, and forward flow opportunities in scaling allocations to home equity credit?

4:45pm - 5:30pm

Expanding Access to Home Equity Credit: New Borrowers, Responsible Lending, and Market Growth

h borrower segments remain underserved in the home equity market, and what barriers are limiting access to HELOCs and second liens?
How can lenders responsibly expand access while maintaining strong credit quality and risk discipline?
What product innovations or underwriting approaches are helping reach new borrower populations?
How do affordability pressures and rising costs of credit impact borrower demand and eligibility?
What role do education, transparency, and borrower engagement play in increasing adoption of home equity products?
How can lenders balance growth objectives with fair lending expectations and evolving regulatory scrutiny?

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Networking

5:30pm - 6:30pm

Cocktail Reception

Day One - Monday September 14thMonday, September 14, 2026 - America/New_York

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