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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 2 December 2023 F R O M T H E E D I T O R THAT'S A WRAP, AND WHAT'S IN STORE FOR '24? T he end of the year 2023 brings us time to reflect on the events of the past 12 months, while taking out the proverbial crystal ball and peering into what the year 2024 has in store for us all. This past year has challenged many, as the swaying headwinds of high rates, a lack of housing inventory, and inflationary concerns have kept many potential buyers on the sidelines. But what will the new year bring to the market? While rates peaked to 23-year highs, will the recent slide in rates be enough to propel buyers back into the market? Will home builders be able to keep up with a new wave of demand? Will those experiencing the "lock-in" effect with rates be freed of the ties that bind? To these and many other questions, for this month's cover feature, we polled some of the industry's top executives to gauge feelings on what lies ahead in the year 2024. From examining the overall state of the market, to weighing in on the usage of artificial intelligence, MortgagePoint shares the insight of thought leaders from across the mortgage finance spectrum to help guide you as we all embark on the path to 2024. In another forecast into the future this month, Aneeza Haleem, VP of Technology at Planet Home Lending, examines the impact of technology on the industry changing landscape in her contribution, "The Evolving Digital Frontier." Aneeza takes a closer look at the pioneering advancements that are poised to shape the digital future of the mortgage space in 2024 and beyond. And as we head into a new year, one of the hurdles that the housing market had to deal with in 2023 was the "lock-in effect," and the December issue of MortgagePoint features an article by Michael Gifford, CEO and Co-Founder of Splitero, titled "Navigating the Real Estate Lock-in Effect." As Gifford explains, as interest rates stabilize and decrease, homeowners will become more willing to explore moving options, but until then, homeowners find themselves at a crossroads. Also this month Joseph Smith, Managing Director at Stretto, delves into the FHFA's Supplemental Partial Claims—their benefits and drawbacks in today's mortgage landscape—in his contribution to MortgagePoint, "FHFA Supplemental Partial Claim: The Next Iteration." And while the Supplemental Partial Claim can address a number of defaulted loans, it does not cover the spectrum like the HAMP program. Read through Joseph's detailed article to discover more about this vital program. In addition to all that I have mentioned, we will also feature our selection of the industry's hottest books in our "Good Reads" column, as well as the industry's latest news briefs, and tech trends and advancements. I want to personally thank all of you for your support of MortgagePoint over the past several months since the launch of the publication. It is our hope that our magazine and web offerings serve as your daily companion to success in today's marketplace. Wishing you a very happy holiday season, and season's greetings from our team to you and your family as we eagerly see what is in store for 2024. David Wharton Editor-in-Chief Magazine EDITOR-IN-CHIEF David Wharton ART DIRECTOR Jason Stone MANAGING DIGITAL EDITOR Eric C. Peck REPORTERS Kyle G. Horst Demetria Lester MAGAZINE CONTRIBUTORS Michael Gifford Aneeza Haleem Joseph Smith COPY EDITOR Brandy Scott ADVERTISING 214.525.6700 EDITORIAL ADVISORY BOARD Benjamin Gottheim, Director, Mortgage Servicing Policy, Freddie Mac Erik Schmitt, Managing Director, Origination Division, Chase Home Lending Douglas Whittemore, Head of Default Servicing, US Bank Jacob Williamson, VP Single-Family Collateral Risk Management, Fannie Mae Kim Yowell, EVP of Servicing, Fairway Independent Mortgage Servicing EXECUTIVE ADVISOR Michael S. Waldron Corporate Officers PRESIDENT & CFO Jonathan Hughes ART DIRECTION Jordan Funderburk, Jason Stone No part of this publication may be reproduced without written permission from the publisher. © 2023 Five Star Global, LLC. All Rights Reserved This publication is intended to provide accurate, authoritative, and detailed information in regard to the subject matter covered. All written materials are disseminated with the understanding that the publisher is not engaged in rendering legal advice or other professional services. Under no circumstance should the information contained herein be relied upon as legal advice as it is designed to be a source of information only. MortgagePoint strongly encourages the use of qualified attorneys or other qualified experts with regard to the subject matter covered. MortgagePoint does not guarantee the accuracy of the information and is not liable for any damages, losses, or other detriment that may result from the use of these materials.