DS News

4 This Month FROM OUR DESK . . . . . . . . . . . . . . . . . . . . . 2 DS JOURNAL Cordray Responds to Allegations of Discrimination at the CFPB , JPMorgan Negotiates $4.5 Billion Settlement with Mortgage Trustees, Job Growth Weaker than Expected , Report Criticizes Government Treatment of Banks, Castro Sworn in, Faces New Challenges at HUD , and much more . . . . . . . . . . . 9 MOVERS & SHAKERS . . . . . . . . . . . . . . . .26 STATE OF AFFAIRS e State of Affairs section provides impactful local market information at your fingertips . . . . . . . . . . . . . . . . . . . . .91 MARKET PULSE RESURRECTING THE PRIVATE- LABEL RMBS MARKET Risk for the taxpayer continues to escalate as private investment in the RMBS market shrinks. With investors still chalking up the damage from the financial crisis, the economics of today's deals must tilt further in their favor to bring back private capital. By Carrie Bay . . . . . . . . . . . . . . . . . . . . . . .78 INDUSTRY INSIGHT SOLVING THE SERVICING RIDDLE Nine months after implementation, it's clear that the new servicing regulations put forth by the Consumer Financial Protection Bureau muddied the waters for servicers attempting to remain in compliance. Despite strenuous contortions on the industry's part, good faith efforts to comply may not be good enough. By Laurence Platt & Kerri Smith . . . . .84 DATA & RESEARCH VALUATION DATA OVERLOAD In the property valuation industry, there is no shortage of attainable data points but putting that data to good use is more complicated. In this era of elevated compliance concerns better data and better communication lead to successful results. By Randy Perry . . . . . . . . . . . . . . . . . . . . .88 Contributors CARRIE BAY is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she man- aged public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. SANDRA LANE has extensive experience cover- ing the default servicing industry. She contrib- uted regularly to DS News' predecessor, REO Magazine, from 2004 to 2006, covering local market trends, the effects of macroeconomic shifts on market conditions, and "big-picture" analyses of industry-driving indicators. But her understanding of the mortgage and real estate business extends even beyond those precrisis days. LAURENCE PLATT is a partner at K&L Gates LLP. based in Washington D.C. and has a national practice, concentrating in a range of matters related to real estate finance, mortgage banking and consumer finance in both the pri- mary and secondary markets. His experience includes drafting and negotiating agreements concerning (i) mergers and acquisitions of companies, (ii) loan broker, loan correspondent and whole loan purchase agreements, (iii) servicing rights purchase and sale agree- ments, and (iv) servicing and sub-servicing agreements. KERRI SMITH is a partner at K&L Gates LLP. based in Washington D.C. She concentrates her practice on federal and state regulatory compliance matters affecting consumer finan- cial service providers. Her practice includes advising clients on compliance with federal and state laws governing the licensing and practices of financial institutions, including mortgage lenders, money service businesses, prepaid card issuers, mobile banking service providers, consumer finance companies, loan servicers, and loan originators. RANDY PERRY is the VP of Quality Assurance for Asset Valuation and Marketing Inc. He brings over 22 years of real estate and appraisal experience. He holds a certified general ap- praisal license in the state of Colorado, and is a candidate for designation (MAI) with the Appraisal Institute. Using the same appraisal principles from his appraisal company to guide the Quality Assurance department and train analysts for Asset Valuation and Marketing, he has solidified the company's 20 year history as a credible, reliable valuation provider. Join the Conversation Do you have a suggestion, story idea, or feedback you'd like to share with DS News readers? Help shape our next issue and e-mail Editor@DSNews.com. S E P T E M B E R 2 0 1 4 C o n t e n t s D S N E W S . C O M 88 SHUFFLING THE DECK As the hand of the housing market is dealt, industry executives are betting that the recent trend of consolidation and employee migration will give them the chance to deal themselves an industry ace. 74 By Sandra Lane 42 84

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