DS News

4 62 66 20 This Month FROM OUR DESK DS JOURNAL Back From the Brink of Foreclosure, Real Estate and Criminal Activity: Creating the Perfect Storm, Foreclosure Rates: Back to the Future, Shedding Light on Reconstruction Costs, e Homebuyer's Economy, Fannie Mae Survey: Big Banks vs. Big Tech, "Renting More Affordable in Most U.S. Counties," Says Economist, Trends and Technology Shaping the Housing Market, Is the Balance of Power Swinging Toward Homebuyers?, Record Number of Homebuyers Looking to Change Metros, e State of Servicing, Crapo's 5-Point Plan for Housing Finance Reform, e Challenges of Obtaining Mortgage Payment Assistance COUNSEL'S CORNER . . . . . . . . . . . . . . . . . . . . . . . . .10 MOVERS AND SHAKERS . . . . . . . . . . . . . . . . . . . . . . .14 FIVE MINUTES WITH . . . . . . . . . . . . . . . . . . . . . . . . .20 ASK THE ECONOMIST. . . . . . . . . . . . . . . . . . . . . . . . .22 STATE OF AFFAIRS Impactful local market information at your fingertips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74 COVER STORY UNDER CONSTRUCTION: HOUSING FINANCE REFORM A look at GSE reform—what works, what doesn't, and what changes industry experts would make to ensure sustainability and protect the American taxpayer in the decades to come. . . . . . . . . . . . . . . . . . . . . . .56 By David Wharton INDUSTRY INSIGHT AN UPHILL CLIMB With Congress once again looking to tackle housing finance reform, will its current roadmap address the challenges that have confronted the industry since the housing crisis? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .62 By Edward J. Pinto and omas S. LaMalfa INDUSTRY INSIGHT A MATTER OF DEFINITION A court of appeals has ruled on a case that could have implications for creditors in Chapter 13 bankruptcy cases—and it all comes down to defining the term "provided for." . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .66 By Seth J. Greenhill INDUSTRY INSIGHT GUARDING THE MARKET GSE reform can be a hot-button topic, but the discussion sometimes overlooks the strengths of what the current system does well.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .70 By Denis Brosnan CONTRIBUTORS MOLLY BOESEL is a Principal Economist for CoreLogic in the Office of the Chief Economist and is responsible for analyzing and forecasting housing and mortgage market trends. DENIS BROSNAN is President and CEO of DIMONT, a provider of technology-en- abled solutions in specialty insurance claims processing and collateral loss mitigation management for mortgage and auto lend- ers, servicers, and investors. Brosnan is a proven leader with deep experience guiding technology and technology-enabled service providers through various lifecycle phases. Brosnan brings to DIMONT extensive relationships in the mortgage banking com- munity and substantial experience leading large-scale initiatives in organizational growth, systems improvements, and strate- gic and capital structure change. SETH J. GREENHILL is a bankruptcy attorney with Padgett Law Group (PLG). Greenhill has practiced law in the field of creditors rights' for nearly seven years. He has been with PLG for two years and is based out of the firm's Fort Lauderdale, Florida office. e primary focus of Greenhill's practice is bankruptcy litigation and related general creditor matters. TOM LAMALFA has spent the past 40 years studying mortgage finance as a researcher, analyst, and consultant. Past interests have included the revenue and expense structures of the various mortgage production chan- nels, mortgage brokers, the GSEs, and the domestic economy. He has been a longtime champion of GSE reform and follows legislative developments in Washington, D.C. LaMalfa's firm, TSL Consulting, specializes in survey research. American Enterprise Institute (AEI) Resident Fellow EDWARD J. PINTO is the Co-Director of AEI's Center on Housing Markets and Finance. He is currently researching policy options for rebuilding the U.S. housing finance sector and special- izes in the effect of government housing policies on mortgages, foreclosures, and on the availability of affordable housing for working-class families. DAVID WHARTON, Online Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington and has over 15 years' experience in journalism. He previously worked at omson Reuters as an Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regula- tions for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published con- tributions in both online and print media publications. He can be reached at David. Wharton@DSNews.com. A P R I L 2 0 1 9 C o n t e n t s D S N E W S . C O M 56 22 56

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