Improving Mortgage Portfolio Performance: Managing Higher Rates and Liquidity Constraints
Tuesday, February 28, 2023, 1:00 p.m. central time
Session Description
Credit union mortgage portfolios have endured significant market disruptions over the past three years. Record origination volumes at artificially low rates in 2020 and 2021 were followed by rapid rate increases initiated by the Federal Reserve in 2022. As a result, mortgage portfolios are underwater at the same time that credit unions face liquidity headwinds. This webinar will review strategies for repositioning the mortgage portfolio to achieve stronger long-term performance as well as prepare your credit union for regulatory questions.
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Speakers
Mitchell Redd
Senior Vice President, FHN Financial Capital Assets
W.H. Mitchell Redd is the Senior Vice President of FHN Financial Capital Assets Corp., where he heads the loan advisory group. The group focuses on the development and implementation of loan strategies that create greater long-term financial performance for financial institutions, identifying issues and trends associated with composition, value, credit risk, interest rate risk and prepayment speeds for balance-sheet management strategies. Under Redd’s management, the team has conducted work for acquirers in some of the largest M&A transactions in the banking industry since 2008. Redd is also responsible for the development and administration of new business lines for Capital Assets. Previously, he served as a senior investment banker for a regional brokerage firm focused on the issuance of trust preferred securities and bank mergers, and in product management capacities with AmSouth Bancorporation in various product management capacities. Reed received his MBA from the University of Virginia and a Bachelor’s Degree in mathematics from Vanderbilt University.
Peter J. Benjamin, CMB
President, ACUMA
Peter J. Benjamin, CMB is the President of the American Credit Union Mortgage Association (ACUMA). A mortgage professional with 20 years of experience, Benjamin has held various positions throughout the mortgage industry including Senior Vice President of Mortgage Lending for Lafayette Federal Credit Union in Rockville, MD. During his time at Lafayette Federal, Benjamin led a high-performing mortgage team that exceeded production and budget goals each year, reduced the Credit Union’s cycle times to the industry-required timeframes; and improved the credit union’s application pull-through rate. As an association, Benjamin wants to see ACUMA members continue to foster the collaborative spirit that has made the association so great and work together to support the American Dream of homeownership. He sees ACUMA as a vital education arm that helps Member Credit Unions gain market share in the mortgage industry.
FHN Financial Capital Assets Corp. (“Capital Assets”) has worked exclusively with portfolio lenders, specializing in originate-to-hold portfolio loans, for more than 30 years. Consequently, Capital Assets has the experience, knowledge, and resources to help credit unions find answers to the tough questions presented by their management, regulators, and Board. We provide assistance through loan portfolio analysis, asset management, advisory services, and transactional support, all tailored to your institution’s specific needs.
