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4 » VISIT US ONLINE @ DSNEWS.COM 65 64 68 14 This Month FROM OUR DESK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 DS JOURNAL Mortgage Debt Hits New Highs, Strengthening RMBS Servicing, 11 Attorneys General Challenge CFPB Structure, Freddie Mac Update: $2.5B in Credit Risk Transfer, CFPB: Possible Changes Ahead for TRID and RESPA, Fannie and Freddie Increase Foreclosure Prevention Actions, e Southern Delinquency Struggle, Fed's Jerome Powell Says Economy Will Continue to Grow, Calabria on GSE Reform: "Headed in the Right Direction", Fannie Mae: Housing Driving Economic Growth, e Rise of the Mid-Size Single Family-Rental Investor, What Drives Early-Stage Delinquency Rates? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 FIVE MINUTES WITH. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 MOVERS AND SHAKERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 COUNSEL'S CORNER. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 ASK THE ECONOMIST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 STATE OF AFFAIRS Impactful local market information at your fingertips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76 COVER STORY A HEALTHY OUTLOOK FOR 2020? Here's what mortgage servicing experts learned this year and how they're working to apply those lessons going forward. . . . . . . . . . 56 By Seth Welborn INDUSTRY INSIGHT GAZING INTO THE CRYSTAL BALL From Fed actions to student debt, an economist breaks down the factors that could shape 2020. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 by Tendayi Kapfidze INDUSTRY INSIGHT A THIRD WAVE OF POST-RECESSION DEFAULT? Government-insured and private portfolio loans are driving trends in the default landscape. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 By Daren Blomquist INDUSTRY INSIGHT REDEFINING CONTRACT WORK e gig economy is forcing the property preservation industry to reexamine regulations about independent contractors. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68 By Jerry Mavellia and Louis Salerno, Esq. INDUSTRY INSIGHT THE COST OF INNOVATION Here's how geotagging systems could help change the way mortgage field service vendors control access. . . . . . . . . . . . . . . . . . . . . . . . . 72 By Ed Mullen Contributors DAREN BLOMQUIST is VP, Market Econom- ics, Auction.com. In this role, Blomquist analyzes and forecasts complex macro- and microeconomic data trends within the marketplace and greater industry to provide value to both buyers and sellers using the Auction.com platform. Blomquist's reports and analysis have been cited by thousands of media outlets nationwide. 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. TENDAYI KAPFIDZE is the Chief Economist for LendingTree. He leads the company's analysis of the U.S. economy with a focus on housing and mortgage market trends. Kapfidze served as Director of Global Eco- nomics at Pfizer, Director of Economic and Capital Markets Research at Ally Financial, and as VP and Senior Economic Economic Analyst in the chief investment office at Bank of America. JERRY MAVELLIA has more than 20 years' REO property management, property preserva- tion, and construction experience. Mavellia successfully built an organization of over 800 employees and 30 field offices across the country. He managed all iterations of the HUD single-family management program dating back to 1993. Mavellia also led the Fannie Mae REO Field Service Contract Team, which scored No. 1 in service nation- ally for 36 consecutive months. ED MULLEN is CEO of Cyprexx Services LLC, a national field service company that provides quality, cost-effective property preservation services. He is responsible for running all facets of the business and has a proven track record of accomplishments including several years of transactions in the private equity sector prior to joining Cyprexx Services, LLC. LOUIS SALERNO, ESQ. represents numerous property preservation companies and is Chief Legal Counsel to Guardian Asset Management. From 2010 to 2014 Salerno was General Counsel at Asset Management Specialists. His background is as a corporate attorney who spent more than 20 years in Washington, D.C., practicing government contracts, vendor management, and employ- ment law. SETH WELBORN is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. 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. D E C E M B E R 2 0 1 9 C o n t e n t s D S N E W S . C O M 56 TAKING THE PULSE OF MORTGAGE SERVICING 24

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