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
2 0 1 2
C O N T E N T S
D S N E W S . C O M
COVER STORY
T H I S M ON T H
By Bill Ireland
pg. 46
from our desk . . . . . . . . . . . . . . . . . . 4
contributors . . . . . . . . . . . . . . . . . . . 6
state of affairs . . . . . . . . . . . . . . . 79
DS JOURNAL
One-third of borrowers are
underwater, short sales outpace
REO sales in some states, FHFA's
REO-to-rental initiative, and
much more... . . . . . . . . . . . . . . . . . . . . . . . 11
MARKET INSIGHT
How did
Edward DeMarco,
a self-effacing
economist, become
such a lightning
rod for controversy?
On A
8
SPECIAL SERIES
Stewards of Value
Companies operating in the
property preservation space
today face a starkly different
landscape from what they saw a
mere five years ago.
By Carrie Bay . . . . . . . . . . . . . . . . . . . . . . 58
Property
Preservation Index
A Special Series: Looking
Beyond the Layers of
Default Servicing . . . . . . . . . . . . . 61
INDUSTRY INSIGHT
The Dichotomy of
Today's Marketplace
50
Before the Deluge
Will the servicer settlement
really bring a new onslaught of
foreclosures?
By Adam Weinstein . . . . . . . . . . . . . 50
BEST PRACTICES
The Era of Audits
Regulators' consent orders
stipulate servicers keep a closer
eye on third-party providers of
foreclosure-related services.
By Robert H. Hosch Jr. and
Thomasina Moore . . . . . . . . . . . . . . . . 54
Even as officials profess less
government involvement in
housing, private mortgage
insurers are forced to go
head-to-head with the FHA.
By Anne Mail . . . . . . . . . . . . . . . . . . . . . . 72
POINT—COUNTERPOINT
Are Banks
Afraid to Lend?
Still reeling from the aftershocks
of a crisis that left no one
untouched, are banks simply
embracing the tenets of sound
lending, or did the last few years
turn lenders timid?
With John Walsh and
Rick Sharga . . . . . . . . . . . . . . . . . . . . . . . . 76
