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 P R I L
COVER STORY
2 0 1 3
C O N T E N T S
D S N E W S . C O M
Where
Oh Where
Did My
REO Go?
By Keith Button
The once-strong stock of bank-owned
homes is dialing down in many markets,
and numbers seem programmed for
a brusque ebb and flow.
Pg. 48
T H I S M ON T H
MARKET PULSE
TECH FOCUS
POINT—COUNTERPOINT
Enter the eNote
Electronically signed promissory
from our desk . . . . . . . . . . . . . . . . . 2
contributors . . . . . . . . . . . . . . . . . . 4
state of affairs . . . . . . . . . . . . . . .77
notes are landing on court
DS JOURNAL
and get their judicial foreclosures
dockets. Here's what pros need to
know to avoid legal wranglings
off the ground.
By G. Stephen Caravajal Jr.
. . .
58
LEGISLATIVE REVIEW
Pinpointing REO
Values
Judicious Property
Manager Needed
54
DSN_Stories_APR13.indd 54
Sixty percent of today's loans don't
meet QM criteria, ratings agencies
see risks in new rep and warranty
deals, Obama's budget problems
go beyond entitlement and tax
disputes, and much more . . . . . . . . 9
6
3/22/13 9:37 AM
When it comes to distressed
addresses, the old adage rings
true: It's all about location—of
the asset, the economy, and the
buyers.
By Sandra Lane . . . . . . . . . . . . . . . 54
Amid budget cuts and promises to
eliminate waste, the government
is bleeding billions to maintain
and secure vacant, underutilized
federally owned properties.
By Carrie Bay . . . . . . . . . . . . . . . . . . 62
REO: The Next
Chicken Little?
There are two camps with differing
opinions on the state of the REO
market: One insists the end is near
for REOs, while the other maintains
REOs are here to stay—for a while
at least. Is the sky falling for REO?
With Rochelle Jones
and Dave Larsen . . . . . . . . . . . . . . . 66
Special Section
Decoding Default
Technology
A Special Series: Looking Beyond
the Layers of Default Servicing . . 69