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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 2 June 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 REPORTER Demetria C. Lester MAGAZINE CONTRIBUTORS Dan Catinella Lindsay D. Dragon Jayendran GS 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. REIMAGINING THE AMERICAN DREAM A s the housing market continues to wrestle with affordability, accessibility, and shifting demographics, for our June edition, we're diving deep into what homeownership truly means, and how lenders, policymakers, and communities can work together to make it accessible for more Americans. Our cover story, "The Vanishing Dream of Homeownership?" explores the complex forces pushing the American Dream out of reach for millions. With home prices, interest rates, and supply constraints creating significant roadblocks, first-time homebuyers— particularly from low- to moderate-income households—find themselves navigating one of the toughest markets in recent history. But there's hope: innovative programs, down payment assistance, and public-private partnerships are lighting the way forward. We also spotlight a vital demographic trend in "The Rise of Hispanic American Homeownership." This piece by Dan Catinella, Chief Lending Officer for Total Expert, highlights the need for lenders to embrace a holistic, culturally informed strategy to serve a rapidly growing segment of the market. In "From Days to Minutes," Prudent AI Co-Founder Jayendran GS discusses how artificial intelligence is transforming mortgage prequalification, not only as a time-saving mechanism, but to enable faster pre-approvals with greater confidence. Next, in "The Rising Cost of Compliance," Lindsay D. Dragon, Senior Associate Attorney at Wright, Finlay & Zak's Nevada office, discusses how IT, security, and insurance requirements are impacting diverse and women-owned firms. Our quarterly "Sidebar with Stan" also returns with Freedom Mortgage CEO Stanley Middleman sharing candid insights on responsible lending, the role of FHA and VA loans, and what it truly means to support sustainable homeownership. And finally, we're excited to share profiles of our MortgagePoint Lending Excellence Award recipients. This year's honorees exemplify the creativity, leadership, and unwavering commitment needed to guide borrowers and communities through these uncertain times. Welcome to the June edition of MortgagePoint.