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MortgagePoint ยป Your Trusted Source for Mortgage Banking and Servicing News 46 December 2024 F E A T U R E S T O R Y THE NATIONAL PROPERTY PRESERVATION CONFERENCE CELEBRATES TWO DECADES OF INDUSTRY ACTION B y DAV I D W H A R T O N O n November 11-13, 2024, the National Property Preser- vation Conference (NPPC) celebrated its twentieth anniversary. It brought together industry professionals representing mortgage servicing, property preservation, and related government agencies for sev- eral days of discussion, education, and networking centered on all facets of the mortgage field services industry. Created by Safeguard's founder, the late Robert Klein, the NPPC moved to a new venue this year at the MGM National Harbor Resort and Casino near Washington, D.C. The festivities kicked off on the evening of Monday, Novem- ber 11, with a Welcome Reception at the Casino's Felt Lounge before Tuesday commenced with a full day's worth of programming. The Lay of the Land T uesday's schedule began with a Keynote Address from Bill Killmer, SVP of Legislative and Political Affairs at the Mortgage Bankers Association. Kill- mer put the recent presidential election under the microscope, breaking down both how the election played out and examining the various ways President Trump's impending return to the White House could impact the industry. While the House had still not been formally called for the Republicans at the time of the event, Killmer's presen- tation outlined various scenarios. Under the "full GOP sweep" scenario that Killmer posited, and which eventually proved to be the case, Killmer noted that President Trump's administration would likely pursue rollbacks of various aspects of President Biden's regulatory agenda (such as the Inflation Reduction Act) and to extend the tax provisions implemented by the Tax Cuts and Jobs Act. He then delved into various likely Trump administration priorities, such as corporate tax rates, FICA thresholds, and supply-side Housing Tax Credits. Killmer also noted that Republi- can control of the White House and Congress could reduce "the impact of any congressional pushback on moves by a Trump FHFA Director to shrink GSE footprint, rollback equity plans, raise fees, or end conservatorship via administrative action." However, Kill- mer added that "prospects for passage of comprehensive GSE Reform legislation remain low," but that narrower, more targeted GSE-related bills were more likely to get traction. He also said to expect a new CFPB Director, as well as possible moves towards congressional changes to the Bureau. Continuing a longstanding NPPC tradition, Ed Delgado, AMP, Managing Director of Mortgage Policy Advisors and Chairman Emeritus of Five Star Global next moderated a panel of industry experts focused on "Current Trends and Future Outlook of the Prop- erty Preservation Industry." This year's panelists included Michael Greenbaum, COO of Safeguard Properties; Benja- min Gottheim, VP, Servicing Policy, Single-Family Portfolio & Servicing at Freddie Mac; Leslie Meaux-Pordzik, SVP for the Office of Issuer and Portfolio Management at Ginnie Mae; Tim Rood, Founder & CEO at Impact Capitol; and John Thibaudeau, VP, Single-Family Real Estate Asset Management at Fan- nie Mae. [Editor's Note: Five Star Global is the parent company of MortgagePoint, and MortgagePoint was a media sponsor of this year's NPPC.] Rood built upon Killmer's presen- tation by discussing how President Trump's reelection is likely to be a D A V I D W H A R T O N , Editor-in-Chief at the Five Star Institute, has 20 years' experience in journalism and an extensive and diversified portfolio of freelance material, with published contribu- tions in both online and print media publications. He has been with Five Star since 2017, initially serving as an Online Editor. Wharton previously worked at Thomson Reuters, a multinational mass media and information firm, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in journalism. He can be reached at David.Wharton@thefivestar.com..