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4 14 66 60 F E B R U A R Y 2 0 1 7 C o n t e n t s D S N E W S . C O M CHANGING THE GAME BREAKING DOWN BLIGHT This Month FROM OUR DESK . . . . . . . . . . . . . . . . . . . . . 2 DS JOURNAL Pre-Crisis Originations Comprise Bulk of Foreclosures; e Tide is Turning: RMBS Liquidation Timelines Decline; As HAMP Expires, Fannie Mae Launches New Program; Banks Struggle With New Accounting Standard; Banks' Credit Exposure Much Less Risky ese Days; Serious Delinquencies Decline Alongside Decrease in Subprime Borrowers ASK THE ECONOMIST . . . . . . . . . . . . . . . .14 MOVERS AND SHAKERS . . . . . . . . . . . . .26 STATE OF AFFAIRS Impactful local market information at your fingertips . . . . . .76 COVER STORY CHANGING THE GAME A former NFL player and a software engineer are teaming up to alter the property management industry for the long haul. . . . . . . . . . . . . . . . . . . . . . . . . . .60 By Sonya Mann INDUSTRY INSIGHT SHOOTING FOR THE STARS In 2017, servicers can compete with popular rocket mortgages using a simple, four-part strategy. . . . . . . . . . .66 By Michael Kittyle INDUSTRY INSIGHT TRANSFORMING THE TENANT Rent-to-own arrangements offer a way to restore vacant properties while also giving habitual renters a shot at homeownership. . . . . . . . . . . . . . . . . . . .70 By Jon Buerkert INDUSTRY INSIGHT BREAKING DOWN BLIGHT Plywood is out and clearboarding is in as lawmakers and lenders take steps to protect communities from the cots of abandoned properties. . . . . . . . . . . . . .72 By Robert Klein Contributors MOLLY BOESEL is a Principal Economist for CoreLogic in the Office of the Chief Economist and is responsible for analyzing and forecasting housing and mortgage market trends. JON BUERKERT is the Chief Business Development Officer at Columbia, South Carolina-based Vision Property Management (VPM), the largest company operating in the affordable lease-to-own space. In addition to managing lease-to-own properties, VPM actively purchases problem properties from banks and servicers on a national basis. MICHAEL KITTYLE is SVP and Chief Technology Officer of BSI Financial Services, a technology-focused financial services company based in Irving, Texas that specializes in loan servicing and subservicing, loan quality, and loss mitigation services. Kittyle can be reached at mkittyle@ bsifinancial.com. ROBERT KLEIN is Founder and Chairman of Community Blight Solutions and SecureView. A successful Cleveland, Ohio, entrepreneur, Klein has earned a reputation over the past 27 years as a pioneer and innovator in the property preservation industry and as a strong advocate for eliminating blight in communities across the country. Community Blight Solutions is focused on understanding, solving, and eliminating the problems associated with the blight that is plaguing communities nationwide. For more information, go to CommunityBlightSolutions.com. SONYA MANN lives in the San Francisco Bay Area and writes about technology companies of all sizes. In her spare time she writes a cyber-futurism newsletter called Exolymph and frequents overpriced coffee shops. Find more of her work on SonyaEllenMann.com. Join the Conversation Do you have a suggestion, story idea, or some feedback you'd like to share with DS News readers? Help shape our next issue by emailing Editor@DSNews.com. 72 ASK THE ECONOMIST DR. ROBERT DIETZ