DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/408013
4 This Month FROM OUR DESK . . . . . . . . . . . . . . . . . . . . . 2 DS JOURNAL Obama Commends Financial Regulators For Reform Efforts, Housing, Economy Stuck in Catch 22, Grim Near-Term Outlook for Housing Industry, Serious Delinquency Rate Hits Lowest Level in Six Years . . . . . . . . . . . 7 MOVERS & SHAKERS . . . . . . . . . . . . . . . .32 STATE OF AFFAIRS Impactful local market information at your fingertips . . . . . . . . . . . . . . . . . . . . .75 MARKET PULSE AN OUNCE OF PREVENTION: THE IMPORTANCE OF THE COLLATERAL FILE TO SECURITIZATION Enhanced RMBS ratings criteria are essential for safeguarding investors, but proper diligence on the servicer's part is the first step in minimizing risk. By Michael O'Connell . . . . . . . . . . . . .50 INDUSTRY INSIGHT VANDALISM, ARSON—OR BOTH With so many legal stipulations to bear in mind, deserted dwellings are anything but an open-and-shut case. By Patrick Nackley . . . . . . . . . . . . . . . . .54 INDUSTRY INSIGHT GINNIE MAE WEIGHS IN ON THE IMPLICATIONS OF A TRANSFORMING MARKETPLACE A power player in the MBS space, Ginnie Mae is keeping close tabs on the ever-evolving industry. By Allen H. Jones . . . . . . . . . . . . . . . . . .58 Contributors MICHAEL O'CONNELL is COO of Palm Harbor, Florida based NTC (Nationwide Title Clearing), a leading research and document processing service provider that in addition to its large client base, serves eight of the top 10 of the nation's largest mortgage lenders and loan servicers. He can be reached at michael_oconnell@nwtc.com. PATRICK NACKLEY is Director of Marketing and Business Development for Superior Home Services, Inc. Superior provides insurance loss management services to major financial institutions on damaged FHA properties in default. Mr. Nackley focuses on expanding the company's client base, and building on existing relationships with current clients. Mr. Nackley joined Superior Home Services, Inc., in 2007 as corporate counsel. During his tenure with Superior, Mr. Nackley has managed several processes and teams within the company, and continues to manage the legal department. Mr. Nackley obtained his J.D. from e University of Denver. ALLEN H. JONES is Managing Director of RiskSpan, Inc., a mortgage data and analytics consulting firm. With a career focused on housing finance, Jones has served at HUD as a senior advisor to the FHA Commissioner and at Bank of America as government lending executive with responsibility for the bank's national FHA/VA businesses. Allen is a graduate of the University of Richmond and the MBA's School of Mortgage Banking. 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. N O V 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 7 54 58 50 46 JUSTICE UNSERVED The federal government ramps up its renewed effort to hold Angelo Mozilo personally responsible for the fall of Countrywide.