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Issue link: http://digital.dsnews.com/i/674143
4 38 26 70 This Month FROM OUR DESK . . . . . . . . . . . . . . . . . . . . . 2 DS JOURNAL GAO: Keep an Eye on Nonbank Servicers, NAR Calls for Further FHA Insurance Premium Reductions, What Happened to Banks' Profits in Q1?, Morgan Stanley Joins Earnings Slide Parade, PHH Cries Foul, Claims CFPB Abused Its Power . . . . . . . . . . . . 7 ASK THE ECONOMIST . . . . . . . . . . . . . . . .38 COUNSEL'S CORNER . . . . . . . . . . . . . . . .42 STATE OF AFFAIRS Impactful local market information at your fingertips . . . . . . . . . . . . . . . . . . . . .78 COVER STORY IS YOUR BUSINESS AGILE? What does it take to move the ball in a "post default world . . . . . . . . . . . . . . . . .66 By DS News Staff INDUSTRY INSIGHT WHAT'S NEXT FOR REO? A 10 Year Perspective on the Golden Goose Egg of the Financial Crisis . . . . . . . . . . . . . . . . . . .70 By Jim Leath INDUSTRY INSIGHT PRINCIPAL REDUCTION: ALL SIZZLE, NO STEAK FHFA Announces a Principal Reduction Program to Assist Delinquent, Underwater Borrowers— But How Much Relief Will It Really Provide? By Brian Honea . . . . . . . . . . . . . . . . . . .74 Contributors JIM LEATH is Vice President Altisource Portfolio Solutions S.A., a leading provider of mortgage, financial and technology services for the real estate industry. In this role, Leath plays a vital role in a growing Sales and Business Development team, responsible for sourcing and managing enterprise clients. Leath previously held sales and business development leadership roles with LPS (Lender Processing Services), Auction.com and Hudson & Marshall. BRIAN HONEA'S writing and editing career spans 15 years across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, e Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master's degree from Amberton University in Garland. 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. M A Y 2 0 1 6 C o n t e n t s D S N E W S . C O M 66 74 Is Your agile? Business