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4 28 60 64 This Month FROM OUR DESK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 DS JOURNAL Ocwen Enters Into Resolution Agreement With 12 States; FHA Loans Could Help Prop Portfolios; GSE Reform Idling For Now, Mnuchin Says; What Shape Might a GDP Monetary Policy Take?; Freddie Freshens Up Its Servicing Form; Senate Examines Fintech at Committee Hearing; Freddie Launches New Refinance Program EXPOSURE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 FIVE MINUTES WITH . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 COUNSEL'S CORNER . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 ASK THE ECONOMIST . . . . . . . . . . . . . . . . . . . . . . . . . . 38 STATE OF AFFAIRS Impactful local market information at your fingertips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74 COVER STORY CHARTING THE PATH FORWARD Government and industry leaders pull together to answer the questions left in the wake of Hurricanes Harvey, Irma, and Maria.. . . . . . . 54 By Joey Pizzolato INDUSTRY INSIGHT STEPPING UP TO CWCOTS Going once, twice, and sold to the highest bidder on the courthouse steps, the Claims Without Conveyance to Title program puts freshly foreclosed HUD homes into new hands . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 By Vlad Sedler INDUSTRY INSIGHT AT YOUR SERVICE To be effective, servicers must make the borrower experience paramount. . . . . . . . . . . . . 64 By John Park INDUSTRY INSIGHT RECOVERY THROUGH REO e market may have bounced back, but with housing inventory tighter than ever, many underserved communities are getting pushed out of the market. Does the REO industry have what it takes to inch these areas furtehr toward recovery? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68 By Michael Harris INDUSTRY INSIGHT TRUSTEES TRIUMPH With its recent decision, the Ninth Circuit Court has barred claims against trustees in certain situations. Could it help keep future frivolous lawsuits at bay? . . . . . . . . . . . . . . . . . . . . 70 By Laura N. Coughlin and T. Robert Finlay Contributors MOLLY BOESEL is a Principal Economist for Core- Logic in the Office of the Chief Economist and is responsible for analyzing and forecasting housing and mortgage market trends. LAURA N. COUGHLIN was admitted to practice law in the State of Washington in 2013 after graduating from Washburn University School of Law as a member of the Order of Barristers. Coughlin joined Wright, Finlay & Zak as an associate attorney at the firm in March 2017. Since joining Wright, Finlay & Zak, Coughlin has focused primarily on real estate litigation, including lender and servicer liability defense, wrongful foreclosure defense, fair debt collection practices defense, and title disputes. T. ROBERT FINLAY T. is one of the three founding partners of Wright, Finlay & Zak. Since 1994, Finlay has focused his legal career on consumer credit, business and real estate litigation, and has extensive experience with trials, mediations, ar- bitrations, and appeals. Finlay is at the forefront of the mortgage banking industry, handling all aspects of the ever-changing default servicing and mortgage banking litigation arena, including compliance issues for servicers, lenders, investors, title companies, and foreclosure trustees. MICHAEL HARRIS is President and CEO of Glencoe, Illinois-based Exceleras, developers of the DispoSolutions real estate asset manage- ment platform. Reach him at michael.harris@ exceleras.com. JOHN PARK is a Sr. Product Manager, Lending Solutions at Fiserv, Inc. He is responsible for de- termining the strategy and product direction of LoanServ, a loan servicing platform for mortgage and consumer loans. Park joined Fiserv in 2014 and has over 10 years of product management experience providing technology solutions in diverse industries. JOEY PIZZOLATO is the Online Editor of DS News. He is a graduate of Spalding University, where he holds a holds an MFA in Writing as well as DePaul University, where he received a B.A. in English. His fiction and nonfiction have been published in a variety of print and online journals and magazines. To contact Pizzolato, email joseph.pizzolato@dsnews.com. VLAD SEDLER is the Director of Strategic Programs for Hudson & Marshall and a licensed California real estate agent. Prior to real estate, he worked to develop sales and operations de- partments with a digital media lending company in Southern California. He is also a veteran of statistical analysis and a writer with RotoWire. 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 is- sue by emailing Editor@DSNews.com. O C T O B E R 2 0 1 7 C o n t e n t s D S N E W S . C O M 54 CHARTING THE PATH FORWARD With an industry caught off guard by 3 major hurricanes, what policies are being adopted to establish a rebuilding of impacted communities.

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