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Confidential - Copyright © Citi 2008 All Rights Reserved DiversityInc Citi is ranked 45th on DiversityInc’s 2008 Top 50 Companies for Diversity! The 50 Companies were chosen based on remarkable and consistent strength in 4 critical areas of diversity management: • CEO Commitment • Human Capital • Corporate and Organizational Communications • Supplier Diversity 3
• <strong>Mortgage</strong> Market Dislocation • Regulatory Intervention • Many Lenders Exiting the Business • Tightened Credit Standards – Higher FICO scores required – Lower debt-to-income ratios allowed – Higher down payments required – Less uses of non-traditional / alternative credit • Declining Markets Confidential - Copyright © Citi 2008 All Rights Reserved Current <strong>Mortgage</strong> Environment • Increased Housing Inventory due to Foreclosure / Downward Pressure on Home Prices • Depleted Home Equity 4
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Co-Event Sponsors Gold Sponsor Silv
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Fourth Annual Mortgage Lending Indu
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Monday, October 6, 2008 Fourth Annu
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TAB SPONSORS
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FAIR LENDING ADVISORY FOR LENDER SE
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��
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HELP YOUR CLIENTS GET THE MORTGAGE
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HMDA Data Mining for CRA and Minori
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The Demographic Impact of the Subpr
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Index of Tables Table 1: Loan Type
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Purpose The purpose of this study i
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Subprime Rate Loans And The Current
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Subprime Rate Loans And The Current
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Summary Of Findings • The overall
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Highlights Of 2004-2006 Subprime Ra
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Highlights Of 2004-2006 Subprime Ra
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Distribution Analysis Of 2006 Subpr
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Page 43 and 44: Distribution Analysis Of 2006 Subpr
Page 45 and 46: Distribution Analysis Of 2006 Subpr
Page 47 and 48: Conclusion About The Author maurice
Page 49 and 50: Successful Sales Tools for Loan Ori
Page 51 and 52: TAB WELCOME ADDRESS
Page 53 and 54: John A. Courson John A. Courson is
Page 55 and 56: Why Diversity is Important to the M
Page 57 and 58: STACEY D. STEWART Chief Diversity O
Page 59 and 60: Terri J. Fowlkes Terri J. Fowlkes i
Page 61 and 62: The First American Corporation Depl
Page 63 and 64: What is Supplier Diversity at First
Page 65 and 66: DIVERSITY Transformation Over Time!
Page 67 and 68: Developing a Winning Diversity Busi
Page 69 and 70: Know the Facts � Minority groups'
Page 71 and 72: Data Sources -- Building The Case R
Page 73 and 74: Example: Relevant Marketing Collate
Page 75 and 76: Diversity and Inclusion in Mortgage
Page 77 and 78: Our Commitment to Diversity and Inc
Page 83 and 84: Our Commitment has resulted in this
Page 85 and 86: Recruiting Diverse Talent - a Criti
Page 87 and 88: Finding Experienced Diverse Sales P
Page 89 and 90: Best Practices in Recruiting Divers
Page 91 and 92: Thank you John Browning Area Sales
Page 93: Confidential - Copyright © Citi 20
Page 97 and 98: 1. Dedicated / Focused / Diverse St
Page 99 and 100: • GSEs • MI Companies • Non-P
Page 101 and 102: • Access • R-HOME • Home Run
Page 103 and 104: TAB IMPACT OF HOUSING LEGISLATION
Page 105 and 106: Michael Taliefero Michael Taliefero
Page 107 and 108: Tim Doyle is a Vice President of In
Page 109 and 110: Housing and Economic Recovery Act o
Page 111 and 112: • Adds energy efficiency and hist
Page 113 and 114: Emergency Assistance for the Redeve
Page 115 and 116: Key Provisions for HFAs FHA Moderni
Page 117 and 118: Mission Improvement • Requires th
Page 119 and 120: Key Provisions for HFAs HOPE for Ho
Page 121 and 122: Mortgage Foreclosure Protections fo
Page 123 and 124: Key Provisions for HFAs Housing Tax
Page 125 and 126: SUMMARY OF H.R. 3221 - THE HOUSING
Page 127 and 128: terms, conditions as the Secretary
Page 129 and 130: H.R 3221 DIVISION A - TITLE II - FE
Page 131 and 132: H.R. 3221 DIVISION A - TITLE IV - H
Page 133 and 134: H.R. 3221 DIVISION A - TITLE V: S.A
Page 135 and 136: esidential mortgage loan originator
Page 137 and 138: H.R. 3221 -DIVISION B - TITLE II -
Page 139 and 140: exempt housing bonds that each stat
Page 141 and 142: Transfer of funds appropriated to c
Page 143 and 144: The Emergency Economic Stabilizatio
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October 2008 Treasury must issue pr
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October 2008 and other available pr
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October 2008 foreclosure mitigation
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October 2008 a bid regardless of an
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preferred stock held by the financi
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October 2008 Sec. 504. Income avera
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Licensing Standards: All state-lice
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Federal Banking Agencies/Federal Fi
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Increasing Transparency and Account
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Housing Legislation in a Broader Co
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Impact of Market Challenges • Liq
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Components of HERA • FHA Moderniz
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Wells Fargo’s Long-term Commitmen
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Other HERA Provisions Hope for Home
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Questions? Tom Goyda Wells Fargo Ho
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Sponsored by: Diversity Luncheon 11
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Market Psychology around Homeowners
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Mortgage Strategic Markets & Divers
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Share Foreclosures by Loan Type Pro
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Q2-2008 Prime ARM Foreclosure Start
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Foreclosures in “Sand” States A
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Foreclosures in “Sand” States S
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Change in Number of Owner- and Rent
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77 76 75 74 73 72 71 98 Homeownersh
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Changing the Market Psychology arou
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The Truth about Foreclosures • Pe
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The Truth about Mortgage Securitiza
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What has the Credit Panic Done to t
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80% 75% 70% 65% 60% 55% 50% 45% 40%
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Rank 1 2 3 4 5 6 7 8 9 10 11 12 13
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Left Us with ‘Super 4’ Mortgage
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Are Declining Markets Underwriting
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Changing the Consumer Psychology Ar
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Perceptions p • During g an other
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11,400,000 400 000 1,200,000 1,000,
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$250,000,000 $200,000,000 $150,000,
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Perceent 60.00 50.00 40.00 30.00 20
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700,000 600,000 500,000 400,000 300
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Percent 50.00 45.00 40.00 35.00 30.
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45.00% 40.00% 35.00% 30.00% 25.00%
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Reality 2004 2004-2007 2004 2007 20
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40.00% 35.00% 30.00% 25.00% 20.00%
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Reality 2004 2004-2007, 2004 2007,
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• While many conservatives believ
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TAB TRENDS IN LOSS MITIGATION
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Patrick Carey Chief Executive Offic
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TAB NON PROFIT’S ROLE IN EARLY IN
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Larry L. Gilmore 5502 Willow Grove
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2007….What Happened? � Lack of
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2,500,000 2,000,000 1,500,000 1,000
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HOPE NOW Alliance Membership Counse
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Borrower Outreach Letters � Servi
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Date Cities State Servicers Borrowe
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HOPE Hotline...888-995-HOPE � Nat
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HOPE NOW Results � Since July 200
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Percent Increase in Loan Modificati
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TAB RESPONSIBLE SUSTAINABLE LENDING
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Ernest E. Baskette, Jr. Mr. Baskett
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Shelley Metz-Galloway Vice Presiden
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What is… “the art of influencin
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Wells Fargo Our Commitment is Past,
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Wells Fargo Sustaining the History
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Why Responsible Lending? Responsibl
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Thank you Shelley Metz-Galloway Vic
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What is Self-Help? • Self-Help is
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www.self-help.org 4 4
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Lease-Purchase Mortgage Product �
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Lease-Purchase Pilot Structure Loan
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Pilot in Peachtree Hills, Charlotte
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Peachtree Hills - Foreclosure Distr
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Homes are still in decent shape Exp
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Supportive Services • Homebuyer c
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4 th Annual Mortgage Lending Indust
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MLI Emerging Markets and Diversity
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A new, innovative, comprehensive an
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Tactics and Strategies to Preserve
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TAB BEST IN INDUSTRY DINNER
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FOR IMMEDIATE RELEASE Wednesday, Oc
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Fourth Annual Minority Lending Awar
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Affordable Housing, CRA & Strategic
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Affordable Housing, CRA & Strategic
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What is ACCESS? Standard First Mort
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Create a Competitive Edge • Secon
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Leverage MI to Create a Competitive
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ACCESS is Easy for You and Your Cus
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Questions: National Homebuyers Fund
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Town Hall Meeting: Consumer Protect
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Lori Jones Gibbs Lori Jones Gibbs i
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Stella Adams Stella Adams is the fo
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Maria Kong Maria Kong has been a dy
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Strategic Markets and Diversity Con
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