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2 I recently spent a very productive three days at the 2015 Five Star Conference & Expo. And while there were many important lessons learned, there was an inescapable theme that resonated throughout: From coping with the depths of the financial crisis to adjusting to the new realities of an increasingly less fragile recovery, the market is in a constant state of evolution and our industry must adapt if we are to continue to thrive. Homeownership is at its lowest point in nearly half a century and there is a new generation of potential homeowners that is unsure of whether they want to take the plunge. In our cover story "Rental Nation" we take a look at one of the only benefactors of the declining homeownership rate: the exploding single-family rental market. What is the industry doing to adjust to the wave of new renters coming in the next couple of decades? Read on to find out. Foreclosure rates are down. REO is not what it used to be. While that may be good news for the housing market and the economy, it means that many firms that thrive on default servicing work will face some difficult choices in the coming year. In "A Tough Market Means Tough Choices," Shannon Cobb provides a blueprint for survival and adapting in times such as these. In his piece "What Overregulation? How Regulation Will Increase Over the Next Decade," Neal Doherty takes us through how the CFPB collaborates with state governments and makes the argument that the current regulatory scheme will only become more severe in the coming decade. Plus, we have exclusive coverage of the Five Star Conference & Expo. Get a recap of all three days of education and networking in the pages that follow. Is there something going on in the market that you would like to see covered? Have an idea for a new type of feature? We want to hear about it. Drop us a line and let us know how we're doing. Send us an email at editor@dsnews.com or follow us on Twitter @DSNewsDaily and join in on the conversation. Derek Templeton Editor, DS News The Only Constant is Change… FROM OUR DESK default servicing | in print and online VOL. 13 NO. 10 No part of this publication may be reproduced without written permission from the publisher. ©2015 REO Publishing LLC All Rights Reserved 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. strongly encourages the use of qualified attorneys or other qualified experts with regard to the subject matter covered. 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. PUBLISHER EDITOR DESIGN DSNEWS.COM VIDEO EDITOR STAFF WRITERS COPY EDITORS ADVERTISING LEGAL LEAGUE 100 BUSINESS DEVELOPMENT NATIONAL APPRAISAL CONGRESS, TITLE AND CLOSING COALITION Mark Hulme Derek Templeton Jonathon Won Jordan Funderburk Krista Franks Brock, Scott Morgan, Brian Honea, Xhevrije West Alison Rich, Shalene Roberts Robyn Clayton: 214.525.6716 Kevin McCrea: 214.525.6756 Jason Myers: 214.525.6760 Suzanne Andresen: 207.443.3314 Lindsay Wolf: 214.525.6713 Kerri Panchuk: 214.525.6705 f o r m e rl y m a g a z i n e Follow DSNewsDaily on CHAIRMAN AND CHIEF CREATIVE OFFICER PRESIDENT AND CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER DIRECTOR OF ACCOUNTING DESIGN Mark Hulme Ed Delgado John Harrison Ernest Gillespie Sean Walker Jason Stone Jonathon Won

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