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» VISIT US ONLINE @ DSNEWS.COM 11 VALUE ADDED SERVICES Property Maintenance Cleaning Services Landscaping Pools: Service/Repair Rehabs Tree Removal Remodels Plumbing Services Electrical Garage Doors Repair Services Eviction/Re-Key Services Foundations Interior & Exterior Painting Flooring Sales & Installation Roofing A/C & Heat Pest Control Appliances Investor Services Property MGMT Services Builder's Warranty Services Emergency Services Board Up/Roof Tarp Insurance Restoration Water Mitigation/Fire Demo's Service areas inclusive of, but not limited to: TX, OK, TN, GA, MS, LA, AR, AL, Truly Noble Services, Inc. | www.trulynobleservices.com | (855) 898-2455 We've honed our skills for over 25 + years as a leading services provider in property preservation, rehabs, and repairs. Our commitment to bringing quality and consistency of services to the forefront shows in our dedication to training and constant technology updates to ensure our customers that we will be there for future support in services. All this commitment has laid the foundation for our long term success. From real estate agents to corporate clients who need anything from property maintenance to remodeling, we will show you why Truly Noble Services has earned the reputation as the service provider of choice. Where Servicing and Property Services Meet PROUD TO BE A VETERAN OWNED AND OPERATED BUSINESS American Mortgage Diversity Council Where Diverse Groups Share Common Goals. REPORT: MORTGAGE SERVICING INDUSTRY NEEDS UPDATING e Urban Institute released a report at the start of February calling for an update to the mortgage servicing industry to make it easier for creditworthy borrowers to get mortgages. e report, written by experts Alanna McCargo and Laurie Goodman, said mortgage servicers were historically a "behind-the-scenes" component of the housing and mortgage industries until the 2008 financial crisis. "After the 2008 housing crisis, servicers were thrust into the spotlight as an unprecedented number of borrowers started having trouble paying their mortgages and entered foreclosure," McCargo and Goodman said. "In response to the crisis, federal agencies created new regulations designed to help servicers quickly resolve and minimize homeowner losses." While many of these measures were helpful during the crisis, stabilizing mounting losses and establishing needed standards, they remain on the books today, even while delinquency and foreclosure rates have stabilized from crisis levels. McCargo and Goodman said despite the drastically changed regulatory scheme, much of the servicing side remains unchanged, including the way servicers are compensated. "In recent years, we have witnessed the rapid growth of nonbank servicers, which manage more than half the nation's mortgage loans and have introduced new regulatory, risk, and capital questions that have not been fully addressed," they said in the report. "New servicing business models have also emerged, with subservicing and specialized servicers entering the market and many traditional servicers exiting the market." Several high-profile companies have exited the servicing industry since the 2008 crisis. Most recently, CitiMortgage agreed to a deal with New Residential Investment and Nationstar Mortgage to transfer its servicing rights to 780,000 mortgag- es, marking its exit from the servicing sphere. "e financial crisis revealed the housing finance system's vulnerability, as well as the centrality and general underappreciation of the role of mortgage servicers, who manage over $10.2 trillion in single-family mortgage servicing outstanding nationally," they said. "e viability, liquidity, and stability of servicing over the long term are critical and must be part of the conversation about how we comprehensively reform our housing finance system." Cam Melchiorre, President and CEO of HOPE Loan Port, said the industry needs to develop more programs to assist customers in getting back into the market. "e purchase market is still constrained because of the regulatory drag, tightened eligibility guidelines, and lack of inventory," he said. "e mortgage finance industry needs to redouble its efforts in a collaborative way to assist consumers who seek homeownership. Additionally, many prospective homeowners emerged from the financial crisis with credit blemishes, especially those with modifications, short sales, deeds-in-lieu, and foreclosures. e industry should also have more programs to remediate those consumers and facilitate their return to the market."

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