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Issue link: http://digital.dsnews.com/i/710085
4 7 68 This Month FROM OUR DESK . . . . . . . . . . . . . . . . . . . . . 2 DS JOURNAL Yes We Kaine: Virginia Senator is Clinton's Pick, Banks Report Solid Mortgage Activity in Q2, Voters Blame Banks for Denying American Dream, What Could Housing Look like with Mike Pence as VP? , Housing Market Heats Up Along With Summer . . . . . 7 COUNSEL'S CORNER . . . . . . . . . . . . . . . .42 STATE OF AFFAIRS Impactful local market information at your fingertips . . . . . . . . . . . . . . . . . . . . .78 COVER STORY WHO'S NEXT? e industry combines forces through mergers and acquisitions . . . . . . . . . . .64 By Brian Daily INDUSTRY INSIGHT SCRUTINIZING STABILITY Are Changes to HUD's Distressed Sales Program Motivated by Policy or Politics? . . . . . . . . . . . . . . . . . . . . . . . . . . . .68 By Brian Honea & Kendall Baer INDUSTRY INSIGHT THE ZOMBIE NEXT DOOR Vacant and abandoned properties harm communities . . . . . . . . . . . . . . . . . . . . . .72 By Scott Morgan Contributors BRIAN DAILY, Chief Strategic Officer of the Strategic Alliance Group for First Allegiance, is currently focused on building alliances and synergies with industry partners. First Allegiance supports the default servicing business as it relates to field services management. As a proven business strategic designer, Mr. Daily provides candid visionary insight to critical projects. Mr. Daily brings over 30 years of experience in the mortgage banking sector covering a wide range of responsibilities. On the banking side of the business he has managed, built and implemented strategies pertaining to risk management, capital markets, secondary markets, default servicing, quality control, field services management and loan originations. 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. 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. KENDALL BAER is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, TX. Born and raised in Texas, Kendall now works as the online editor for DS News. 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 U G U S T 2 0 1 6 C o n t e n t s D S N E W S . C O M 64 72 A MORE PERFECT UNION The Do's and Don'ts of M&A within the Default Servicing Industry