D E FAU LT S E R V I C I N G | I N P R I N T A N D O N L I N E
A U G U S T
2 0 1 2
C O N T E N T S
D S N E W S . C O M
COVER STORY
What will it take
for private capital
to make its way
back and right
a secondary
mortgage market
contingent on
government
guarantees?
T H I S M ON T H
from our desk . . . . . . . . . . . . . . . . . . 4
contributors . . . . . . . . . . . . . . . . . . . 6
state of affairs . . . . . . . . . . . . . . . 73
POLICY PERSPECTIVE
MARKET PULSE
Through the
Economist's Lens
Opportunity Knocks
Six months since U.S. and state
authorities struck a settlement
with major mortgage servicers,
it's difficult to pinpoint the
DS JOURNAL
FHA's distressed loan sale
set for September 12,
borrowers have two more
months to request foreclosure
reviews, Colony Capital
and Cogsville thought to be
winning bidders in REO-torental pilot, originators and
investors weigh in on singleagency security proposal, and
much more . . . . . . . . . . . . . . . . . . . . . . . 11
8
By Chuck Green
pg. 42
pact's impact.
By Mark Lieberman . . . . . . . . . . . . . . 46
INDUSTRY INSIGHT
Leadership Shift at
Fannie and Freddie
New chiefs assume their posts
at the GSEs amid an employee
exodus and lingering questions
about what the future holds.
By Brian D. Montgomery . . . . . . . 50
With demand and prices for
rental properties in an upward
arc, savvy investors are finding
profit-making potential (quite
literally) at their doorsteps.
By Keith Button . . . . . . . . . . . . . . . . . . . 56
SPECIAL SERIES
Assessing Today's
Marketplace
An exclusive Q&A with Brad
Froelich, chief appraiser at
USRES, puts the valuation
industry into perspective and in
focus. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62
POINT–COUNTERPOINT
Condemned
Mortgage: Keep Out!
With officials in Southern
California contemplating
eminent domain to rid
homeowners of negative equity,
the debate over this new and
controversial resolution has
turned feverish.
With Robert Hockett
and Edward Pinto . . . . . . . . . . . . . . . . 70
Property
Valuation Index
Special Series: Looking
Beyond the Layers of
Default Servicing . . . . . . . . . . . . . 65
