DS News

4 58 62 This Month FROM OUR DESK . . . . . . . . . . . . . . . . . . . . . 2 DS JOURNAL Castro: HUD Budget Increase Will Help More Americans Achieve Homeownership, Foreclosure Inventory Continues to Dwindle, Small CLO Managers May Have Trouble Complying With Risk Retention Rule, Fannie Mae Reports All-Time High for Consumer Optimism toward Economy . . . . . . . 7 MOVERS & SHAKERS . . . . . . . . . . . . . . . .26 STATE OF AFFAIRS e State of Affairs section provides impactful local market information at your fingertips . . . . . . . . . . . . . . . . . . . . .77 MARKET PULSE THE SUPERHEROES OF SERVICING How vendors in default servicing lost and gained traction in the compliance race . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .58 SUCCESS FORMULA SOLD ON AUCTION By partnering together Hudson & Marshall and Genesis Auctions look to grow their business in the evolving auction arena. By Scott Morgan . . . . . . . . . . . . . . . . . . .62 INDUSTRY INSIGHT A MEASURE OF SECURITY With cyber-attacks looming as a real and ever-present threat, the mortgage services industry must instill security measures at every level of its everyday business. By Darren Kruk . . . . . . . . . . . . . . . . . . .66 INDUSTRY INSIGHT THE SUPREME POWER OF A POSTAGE STAMP: RESCISSION UNDER THE TRUTH IN LENDING ACT AFTER JESINOSKI While the Supreme Court recently ruled TILA requires only a written notice for rescission—not the filing of a lawsuit—it may be time for further clarification and updates to TILA's Notice of Right to Cancel rules. By Lauren Riddick & Louis Manetti . . . . . . . . . . . . . . . . . . . . .70 Contributors DEREK TEMPLETON is the editor of DS News. He is a licensed attorney based in Dallas, Texas and has practiced in the areas of real estate, financial services, and general corporate transactional law. His experience includes time as an Attorney Adviser for the U.S. Small Business Administration and as General Counsel for a nonprofit organization in Dallas. A self-avowed "policy junkie," he has a keen interest in the effect that evolving federal policy has on the mortgage, default servicing, and greater housing industries. SCOTT MORGAN is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He's been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. DARREN KRUK is the information security officer for Safeguard Properties, the largest property preservation and field services company in the United States. He can be reached at darren.kruk@safeguardproperties.com. LAUREN RIDDICK is an attorney with Codilis & Associates, P.C. She handles foreclosure proceedings and Deed in Lieu matters. She joined the firm in August 2013. Prior to joining the firm, she was an Adjunct Professor of Law with several colleges and a Securities Attorney for a large broker-dealer in Florida. Ms. Riddick is a member of the Illinois and Florida Bar Associations. LOUIS MANETTI is an attorney with Codilis & Associates, P.C. He handles contested foreclosure matters as a member of the firm's Contested Litigation Unit. He currently handles the firm's cases before the Illinois Appellate Court and has won favorable dispositions for Codilis' clients in over thirty appeals. Mr. Manetti also manages contested cases at the trial court level, involving mechanics lien issues, removal to federal court, and evidentiary hearings. He is a member of the Illinois State Bar Association. 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. A P R I L 2 0 1 5 C o n t e n t s D S N E W S . C O M 70 66 54 The long standing Democratic congressional leader offers her views on the ideal picture of housing and recent regulatory developments. By Derek Templeton A VIEW FROM THE HILL: AN INTERVIEW WITH MAXINE WATERS

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