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ยป VISIT US ONLINE @ DSNEWS.COM 93 code enforcement. "You can call the county and report vio- lations, but after a while the county stops talking to you about it," Madson said. As new owners are moving to new construction, supply is dwindling. San Francisco had the lowest supply of homes in June at 1.7 months, according to Core- Logic. Affordability issues, trade tensions, and diminishing foreign demand have capped price growth in San Francisco for now, and the city is one of the most overvalued cities in the country, with an index level of 1.15. e UBS Chief Investment Office's Global Real Estate Bubble Index 2019 notes that real prices increased by 85% between 2012 and 2018 in the city, fueled by booming technology companies and a large amount of IPO money making its way into real estate. "e weakness in the Bay Area's hous- ing market is exacerbated by diminish- ing foreign demand and the historic low affordability for the working middle class," UBS states. "With the highest number of housing permits since the late 1980s, the supply shortage may start to ease and potentially accelerate the price correction." BSI Forms Entra Solutions BSI Financial Services, a mortgage- centric financial services company, an- nounced that it is forming Entra Solutions, an independent company that will provide title, escrow, default management, and real estate services to lenders and investors that originate, purchase, or service mortgage loans. e new company will combine the operations of four existing companies: Entra Title Services, a nationwide provider of property title insurance; Entra De- fault Solutions, a foreclosure management company operating in Arizona, California, Nevada, and Texas; Entra Asset Manage- ment, a national company that provides asset recovery, valuation and property disposition services; and Entra Escrow Services, which provides property escrow services in California. "By virtue of its capabilities and experi- ence, Entra Solutions is positioned to offer clients a comprehensive suite of property services through one convenient point of contact," said Gagan Sharma, President and CEO of BSI Financial. "e human and technology resources represented in the combined businesses will enable us to provide services that are cost effective and easy for our clients to use." Entra Solutions will operate out of its new headquarters in Irvine, California, under the direction of Brian Sindell, SVP. A twelve-year veteran of the mortgage finance industry, Sindell has led asset management initiatives for LandAmerica, NRT REOExperts, and 3Point Asset Management, in addition to BSI Financial Services. "Forming Entra Solutions enables us to foster a top-down culture of continuous improvement in each of our service lines," Sindell said. "We have a number of tech- nology and process improvement initiatives underway that will position us as best-of- breed in our industry." GET YOUR DAILY DOSE OF DEFAULT SERVICING NEWS Start your day with the most current and critical news on the mortgage default servicing industry from DSNews.com. Sign up for our e-mail newsletter and get the top stories delivered direct to your inbox every day. Register to receive your Daily Dose at DSNews.com GET YOUR DAILY DOSE OF DEFAULT SERVICING NEWS Start your day with the most current and critical news on the mortgage default servicing industry from DSNews.com. Sign up for our email newsletter and get the top stories delivered direct to your inbox every day. Register to receive your Daily Dose at DSNews.com Black Knight's September Mortgage Monitor Report found that California now has seven of the 10 least affordable markets in the nation. KNOW THIS