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DS News Nov 2018

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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2 Opportunity Knocks … Again Returning to a high-profile position such as FHA Commissioner after a time away could no doubt seem daunting, but it also allows you the benefits of perspective and hindsight. at theme is at the heart of our DS News cover story this month—our exclusive interview with Federal Housing Administration Commissioner Brian D. Montgomery, who recently sat down with Rachel Williams to discuss his return to the FHA for the second time. Montgomery served as FHA Commissioner under President George W. Bush, and he rejoined the FHA this past spring after being confirmed into his role by the Senate in May 2018. In "Back in the Saddle," Commissioner Montgomery discusses what it was like to return to the FHA and what his priorities are for the future of the administration. Next up, "Slashing rough the Servicing Jungle" finds Aspen Grove Solutions CEO Sean Ryan taking us on a journey through a servicing wilderness populated with dangers such as compliance overhead, overly complicated investor rules, and unfair penalties. Finding the way to safety will require knowing exactly what you're looking for. In "Rebuilding Paradise," writer David Wharton speaks to some of the industry leaders who will be convening in San Juan, Puerto Rico, this month for the PR18 Summit. More than a year after Hurricane Maria's landfall in Puerto Rico, what are the most pressing challenges and needs faced by the island, and how can the industry aid in that recovery? For our fourth November feature, "e Rocky Road to Fee Recovery," T. Robert Finlay, one of the three founding partners of Wright, Finlay & Zak, examines a Court of Appeals ruling that limited the lender's right to recover their attorney's fees after successfully defending against a borrower's lawsuit challenging a foreclosure. Now, a victory in court could still prove costly. Finally, be sure to explore this month's Best in Property Preservation Guide. From property inspections to large rehabilitation projects, the industry's top field service companies are stabilizing the nation's neighborhoods, one home at a time. Let our guide be your guide to some of the industry's very best. Best regards, Rachel Williams Editor-in-Chief FROM OUR DESK default servicing | in print and online VOL. 16 NO. 11 No part of this publication may be reproduced without written permission from the publisher. ©2018 REO Publishing LLC All Rights Reserved This publication is intended to provide accurate, authoritative, and detailed information in regard to the subject matter covered. All written materials are disseminated with the understanding that the publisher is not engaged in rendering legal advice or other professional services. Under no circumstance should the information contained herein be relied upon as legal advice as it is designed to be a source of information only. DS News strongly encourages the use of qualified attorneys or other qualified experts with regard to the subject matter covered. DS News does not guarantee the accuracy of the information, and is not liable for any damages, losses, or other detriments that may result from the use of these materials. PUBLISHER EDITOR-IN-CHIEF DESIGN ONLINE EDITOR ONLINE CONTRIBUTORS COPY EDITOR ADVERTISING DS NEWS 2017-2018 EDITORIAL ADVISORY BOARD Mark Hulme Rachel Williams Jonathon Won David Wharton J S Khan Radhika Ojha Seth Welborn Dru Murray Suzanne Andresen: 207.443.3314 Vanessa Foster: 214.525.6734 Kevin McCrea: 214.525.6756 Jason Myers: 214.525.6760 Meg Burns, Financial Services Roundtable Kathy Cummings, Bank of America Jordan Dorchuck, BSI Financial Services Malloy Evans, Fannie Mae Yvette Gilmore, Freddie Mac Ramie Word, Nationstar Mortgage Follow DSNewsDaily on CHAIRMAN AND CHIEF CREATIVE OFFICER PRESIDENT AND CHIEF EXECUTIVE OFFICER DIRECTOR OF ACCOUNTING ASSOCIATE GENERAL COUNSEL PROFESSIONAL ASSOCIATIONS FORCE and Legal League 100 American Mortgage Diversity Council, National Mortgage Servicing Association, and Property Preservation Executive Forum DESIGN Mark Hulme Ed Delgado Jake Davis Derek Templeton Annie Collier: 214.525.6740 Derek Templeton: 214.525.6757 Jonathon Won Sean Walker Jason Stone

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