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
M A Y
2 0 1 3
C O N T E N T S
D S N E W S . C O M
COVER STORY
The New
Borrower
Borrowers of today (and
tomorrow) look decidedly
different from what
we've known—how
does this shift affect
default risk as we
move forward?
By Carrie Bay
Pg. 48
T H I S M ON T H
from our desk . . . . . . . . . . . . . . . . . 2
contributors . . . . . . . . . . . . . . . . . . 4
mpact exposure . . . . . . . . . . . . . . . 10
ll100 summit exposure . . . . . . 12
state of affairs . . . . . . . . . . . . . . .79
MARKET PULSE
Zombie Land
THE BIG PICTURE
Vacant foreclosures pose risks and
challenges to investors, servicers,
and their partners in the field and
can have devastating effects on
local communities.
By Georgie Palafox . . . . . . . . . . . . 54
Expediting the
Empties
INDUSTRY INSIGHT
DS Journal
Fannie Mae awards servicers
four stars, AGs appeal for new
FHFA director, Freddie Mac sues
banks over LIBOR, completed
foreclosures hit 65-month low,
and much more . . . . . . . . . . . . . . . . . 9
6
Butterfly Effect
The days of winging it are long
gone for our universe of distressed
assets and loss recovery—the
result of a chain reaction that
inexorably changed the industry.
By Jerry Alt . . . . . . . . . . . . . . . . . . . . 58
POINT—COUNTERPOINT
The Home Stretch
With the housing crisis winding
down, servicers are warming up
for what could be a whole new
ballgame in mortgage servicing.
By John Alkire . . . . . . . . . . . . . . . . . 62
Can servicers and their partners in
the field work through the many
obstacles that come with fasttracking vacant foreclosures?
With Lynn Effinger and
Randy Wussler . . . . . . . . . . . . . . . . 66
SPECIAL SECTION
Property
Valuation Index
A Special Series: Looking Beyond
the Layers of Default Servicing . .69
