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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 2 February 2025 F R O M T H E E D I T O R David Wharton Editor-in-Chief Magazine EDITOR-IN-CHIEF David Wharton ART DIRECTOR Jason Stone MANAGING DIGITAL EDITOR Eric C. Peck REPORTERS Demetria C. Lester MAGAZINE CONTRIBUTORS Christina Hughes Babb, Phil Britt, Dan Catinella, T. Robert Finlay, Andy Beth Miller, Den Shewman, Franco Terango 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, Strategic Initiatives, VRM Mortgage Services 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. © 2025 Five Star Global, LLC. All Rights Reserved 1341 W. Mockingbird Rd, Ste 900W Dallas, TX 75247 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. A TALE OF TWO COASTS T his month's issue of MortgagePoint, we bring you news from both the West and East coasts. As the Los Angeles region recovers from the catastrophic and wildfires that ravaged the area during January, writer Phil Britt has assembled a piece called "Once the Smoke Clears." In this cover feature, MortgagePoint examines how the California wildfires could have wide-ranging impacts on government programs, insurance coverage, and the housing market. As those wildfires were unfolding, historic events of a very different bent were taking place on the east coast, as President Donald Trump returned to the White House for his second term. In our special Government Spotlight section, we have collected our coverage of several of his nominees to run various agencies, and the status of their nominations as of this issue going to print. Our lineup of features penned by industry subject-matter experts opens with "The Rise of Multigenerational Housing: Lending Trends and Opportunity." Driven by economic pressures, demographic shifts, and evolving social norms, multigenerational housing is becoming more commonplace and reshaping how we live, lend, and borrow. Dan Catinella, Chief Lending Officer for Total Expert, shares his insights. Next, T. Robert Finlay, Esq., Founding Partner of Wright, Finlay & Zak. LLP, examines "Changes to California's Homeowner Bill of Rights." The rule was intended to put loan servicers into two buckets —the "Big Guys" who annually handle 175 or more annual qualifying foreclosures, and the "Little Guys" who do not meet the 175 threshold. So what's changed? In "Take Advantage of a Slow Market to Shore Up Processes," Franco Terango, the CEO of Certainty Home Lending, discusses why, with rates starting to drop, savvy lenders are moving to get ahead of the game before a rebound. You'll find all of this and more in this month's issue. Welcome to the February 2025 edition of MortgagePoint.