DS News

DS News December 2020

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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95 California Handling REOs and Corporate Owned Assets for Over 26 Years Joyce Essex Harvey Coldwell Banker Realty 310-922-7476 (c) 310-777-6375 (o) Joyce@EssexHarvey.com EssexHarvey.com Woman-Owned Business Serving Los Angeles County CalDRE#00935813 Mike Carroll RE/MAX Best MikeSellsLongIsland.com mike@longislandreo.com | 631.321.9203 NEW PREMIUM FORCE MEMBERS 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 default servicing trusted reliable informed @ dsnews.com 4.2020 72 HOUSING REFORM: STEP BY STEP As the government and industry work to build and maintain a more stable housing market, what factors must be at the forefront? 76 THE FUTURE OF AUCTION SALES With the economy and housing market in a period of unpredictable change, what lies ahead for the foreclosure auction sector? 80 LEVERAGING MACHINE LEARNING FOR BETTER DEFAULT DECISIONS The potential for artificial intelligence to drive industry innovation isn't limited to the origination sector. Getting From Here There to With FHFA working to bring the GSEs out of conservatorship, DS News looks at the history, the stakes, and the likely scenarios ahead. ALSO IN THIS ISSUE: COVID-19 Special coverage of our industry's response to an unprecedented health crisis. Page 45 default servicing trusted reliable informed @ dsnews.com 5.2020 Mortgage servicers have worked diligently to perfect best practices for natural disaster preparation and response. How can those lessons apply to the impact of COVID-19? Lessons Challenges New Old ALSO IN THIS ISSUE: THE BEST IN LOSS-MITIGATION TECH AND SERVICES See Page 59 default servicing trusted reliable informed @ dsnews.com 6.2020 With historic unemployment levels and many impacted homeowners seeking assistance, here's how mortgage servicers are working to keep up with the workload. RISING TIDES OF ECONOMIC HARDSHIP 68 LINES OF COMMUNICATION The executive team at Safeguard Properties discusses the critical nature of communication, and how the industry is managing the pandemic. 74 THE DEMOCRATIZATION OF DISTRESSED PROPERTY BUYERS A broader pool of foreclosure buyers means steady demand—even in stormy markets. 80 DISASTER RESPONSE DURING A CHALLENGING SUMMER When it comes to strategically managing natural disaster response this year, the IRS casualty loss program may have a critical part to play. THE LEADER IN DEFAULT SERVICING NEWS Help shape the next issue of DS News. Drop us a line at Editor@DSNews.com. MIKE CARROLL RE/MAX Best Mike Carroll RE/MAX Best MikeSellsLongIsland.com mike@longislandreo.com | 631.321.9203 NEW PREMIUM FORCE MEMBERS MikeSellsLongIsland.com mike@longislandreo.com 631.321.9203 Serving NY Nassau and Suffolk County JOHN CHANEY RE/MAX Realty Suburban Inc. John Chaney RE/MAX Realty Suburban Inc. TeamChaney.com laura@teamchaney.com | 785.865.5000 PREMIUM FORCE MEMBER TeamChaney.com laura@teamchaney.com 785.865.5000 Serving KS/MO Johnson, Olathe, Shawnee County NORMA LUNA Coldwell Banker D'Ann Harper, REALTORS Norma Luna Coldwell Banker D'Ann Harper, REALTORS CBHarper.com relo@cbharper.com | 210.483.7085 PREMIUM FORCE MEMBER CBHarper.com relo@cbharper.com 210.483.7085 Serving TX Bexar County Area KEVIN MCDONALD United Real Estate Kevin McDonald United Real Estate KevinSellsDallas.com McDonald.m.kevin@gmail.com | 214.972.5960 PREMIUM FORCE MEMBER KevinSellsDallas.com McDonald.m.kevin@ gmail.com 214.972.5960 Serving TX Dallas, Tarrant, Collin County PATRICIA OKOLO Windows Over Washington Realty Group wowrealtygroup.com patricia@ wowrealtygroup.com 202.642.6342 Licensed in VA, MD, D.C.

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