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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 2 July 2024 F R O M T H E E D I T O R THE POLITICAL WINDS ARE BLOWING A s the clock ticks down toward this year's contentious and unpredictable Election Day, one thing we can be certain of is that the headwinds and regulation faced by the mortgage industry over the next four years could be very different depending on which party takes power next year. With that in mind, this month's MortgagePoint gathered several industry experts to weigh in on the impact of the upcoming Presidential Elections on our industry and on the larger American housing landscape. Read this month's cover story beginning on page 36 to peel back the curtain and learn more. Following our cover story, Dave Howard of ServiceLink explains how manufactured housing can offer additional options for the next generation of homeowners in his article, "Exploring Opportunities in Manufactured Housing," beginning on page 44. On page 48, MortgagePoint resurrects a former staple of our predecessor, DS News, by bringing back our Counsel's Corner column. In this inaugural installment, Legal League Chair Stephen M. Hladik details a recent Amicus Curiae filed on whether a "first" mortgage on a property could be divested by a foreclosure and the legal ramifications of this for the servicing industry. Read his insights in "A Tale of Two Mortgages." And as the nation struggles with a shortage in housing inventory, MortgagePoint had a chance to chat with Brian Cullen of SingleSource Property Solutions to discuss the nation's hidden housing inventory and how to access it in our "Expert Insights" column beginning on page 50. Members of our Editorial Advisory Board offer their diverse insights on an array of hot-button topics shaping the industry landscape this month in our "EAB Outlook" on page 54. Next, we look at a good cause supported by many of our industry's organizations with a profile of this year's Ruth Cheatham Foundation Annual Gala for Teen Cancer Survivors. The Foundation offers scholarships to cancer survivors to help further their college education, and we had a chance to chat with Ruth Cheatham Foundation Executive Director and Co-Founder Lindsay Whittemore to discuss the importance of financial contributions, awareness, and advocacy for the cause, and why industry involvement is crucial to the success of the Foundation. All this and much more can be found in the pages ahead in this month's issue of MortgagePoint. And do not forget to mark your calendars for this coming September 24-26 as the Five Star 2024 Conference & Expo will be held at its new location, the Omni Dallas Hotel. Visit FivestarConference.com for detailed information on speakers, education and networking opportunities, and a packed agenda. 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 Dave Howard Photos on Ruth Cheatham story by Sarah Hailey Photography and Paula Kay Photography COPY EDITOR Brandy Scott ADVERTISING 214.525.6700 EDITORIAL ADVISORY BOARD Daren Blomquist, VP of Market Economics, Auction.com Benjamin Gottheim, Director, Mortgage Servicing Policy, Freddie Mac Kevin Bowen, Head of Home Lending Product & Innovation, JPMorgan Chase & Co. Michael Keaton, SVP, Default Subservicing, Ocwen Jane Larkin, VP, Default Servicing, Colonial Savings Michael Merritt, SVP, Mortgage Default Servicing, BOK Financial Candace Russell, VP of Post-Sale Activities, Default Servicing, Carrington Mortgage Services, LLC Bryan Bolton, Chief Administrative Officer and SVP- Mortgage and Consumer Servicing, U.S. Bank Jacob Williamson, SVP 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. © 2024 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.