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
J U N E
COVER STORY
2 0 1 3
C O N T E N T S
D S N E W S . C O M
NEW IDEAS IN
COMPLIANCE
From cloud-based document sharing and centralized
workflow to automation software and collaborative
platforms, technology is changing the way industry
professionals keep up with compliance.
By Nicole Holland Pearce | pg.46
T H I S M ON T H
INDUSTRY INSIGHT
from our desk . . . . . . . . . . . . . . . . . 2
contributors . . . . . . . . . . . . . . . . . . 4
state of affairs . . . . . . . . . . . . . . .75
THE BIG PICTURE
Bogus or Bona Fide? Rethinking Reform?
With both Fannie and Freddie
DS JOURNAL
While there's plenty of data that
contend the market's on the mend,
some experts caution temporary
market forces are artificially driving
the numbers.
By Lynn Effinger . . . . . . . . . . . . . . . 56
BEST PRACTICES
Experts see risk of new housing
bubble, Five Star chief economist
Mark Lieberman examines
meaning behind new wording of
Fed's policy statement, GSEs turn
record profits, and much more . . . 9
6
POINT—COUNTERPOINT
Bankruptcy Bonus Servicing
In Chapter 13 cases, servicers,
Surveillance
debtors, and attorneys are
discovering hidden gems of
opportunity for loss mit. But proper
timing—and intel—is everything.
By Keith Button . . . . . . . . . . . . . . . 52
Today's investors demand visibility
into servicers' operations to actively
manage risk and ensure proper
default practices.
By Vincent Spoto . . . . . . . . . . . . . . 60
now turning record profits, has
the general mindset and timeline
shifted regarding GSE reform?
With Laurie Goodman and
James B. Lockhart III . . . . . . . . . . 64
REGIONAL SPOTLIGHT
Trial & Error?
California court rules servicers
must convert HAMP mods from
trial to permanent when borrowers
pay on time, but many critics decry
its all-inclusive decree.
By Todd E. Chvat, Esq., and
T. Robert Finlay, Esq. . . . . . . . . . . 66