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4 26 30 12 This Month FROM OUR DESK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 DS JOURNAL e Call for Mortgage Reform, OCC Shines Light on Outstanding Mortgage Debt, e Impact of Delinquent Property Taxes, Facebook vs. the Fair Housing Act, e Profitability of House Flipping, e State of Homeowner Credit, Obduskey: A Landmark Judgment for Financial Services, What's Next for GSE Conservatorship?, Owners Sit Tight on Home Equity, ree ings Impacting Housing, e 'Opportunity Zones' of Investment, PWC Agrees to $335M Settlement Over Colonial Bank Audits, Rural America's Affordable Housing Problem, Federal Banking Agencies Address "Too Big to Fail" . . . . . . . . . 5 COUNSEL'S CORNER. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 MOVERS AND SHAKERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 FIVE MINUTES WITH. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 ASK THE ECONOMIST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 STATE OF AFFAIRS Impactful local market information at your fingertips . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76 COVER STORY STORM FRONT AHEAD On the cusp of 2019's storm season, industry experts discuss lessons learned from past disasters and how cutting-edge technology is better preparing them to assist homeowners through any future difficulties. . . . . . . . . . . . . . 58 By Radhika Ojha INDUSTRY INSIGHT IN CASE OF EMERGENCY … In addition to having plans in place for natural disasters, every organization must know and understand the rules of an emergency declaration during such events. . . . . . . . . . . . . . . 64 By Michelle Devore and Marissa M. Yaker, Esq. INDUSTRY INSIGHT THE SILVER LINING As servicers prepare for another season of natural disasters, cloud computing can provide them with a backup that won't fail. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68 By Jan Duke INDUSTRY INSIGHT TIME IS NOT ON YOUR SIDE Delays in foreclosure proceedings can result in additional costs not only for the lender or servicer but also for other parties involved in the process.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72 By Vincent Spoto 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. MICHELLE DEVORE is the Systems and Process Manager for Padgett Law Group (PLG). Devore has been with PLG for more than seven years, managing foreclosure, operations, client systems, and compliance. Devore has more than 11 years' experience in the default services industry, working on both the law firm and servicer sides. JAN DUKE is the COO and lead consultant at a360 Firm Solutions. She provides strategic leadership for the company and utilizes her extensive industry experience to create customized solutions to resolve operational challenges for clients. Her primary focus is consulting in the areas of management, business-process improvement and technol- ogy. She also oversees business development efforts, solutions delivery, and provides operational leadership guidance. RADHIKA OJHA is an independent writer and editor. A former Online Editor and currently a reporter for DS News, she is a graduate of the University of Pune, India. Upon completion of her master's degree, Ojha worked at a national English daily publication in India (e Indian Express) where she was a staff writer in the cultural and arts features section. Ojha also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. VINCENT SPOTO has more than 25 years' experience in the mortgage banking and financial services sector, having held senior management roles with JPMorgan Chase, Citigroup, and Credit Suisse. Currently one of three Founding Partners and a Manag- ing Director of RRMS Advisors, Spoto provides advisory and consulting services relating to servicer surveillance, default management, asset disposition, compliance monitoring, and risk management. His firm also provides expert witness and discovery litigation support services. MARISSA M. YAKER, ESQ., is the Managing Attorney of Foreclosure for Padgett Law Group (PLG). PLG is a full-service credi- tors' rights law firm with GSE compliant practices in Florida, Georgia, Tennessee, Texas, and Arkansas. Yaker's practice is primarily focused on creditors' rights and foreclosure, an area of law in which she has actively practiced for five years. Join the Conversation Do you have a suggestion, story idea, or some feedback you'd like to share with DS News readers? Help shape our next issue by emailing Editor@DSNews.com. J U N E 2 0 1 9 C o n t e n t s D S N E W S . C O M 14 58 GATHERING STORM

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