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2 A Way Forward—Addressing Changing Policies and Technological Advancement e housing industry strives to have a clear market structure whereby changes in regulatory framework take into account the lessons learned from the past and technological advancement that supports sustainable homeownership. In this month's cover story, "Tales from the Policy Makers," we spoke to some of the wisest minds in the housing industry to gain their insight into how policy has changed after the housing crisis and how it will continue to evolve. e goal of all the experts we spoke to is to develop affordable housing for Americans through sustainable reforms and improvements. "We should want not fewer channels for lending and financing, but more. [e housing crisis] served as a reminder that encouraging leverage in household balance sheets that exceeds what we allow for banks, is curious public policy. It's one that creates a lot of risks for households, and in the crisis, it led to terrible damage to the very households policymakers thought they were helping," said the Hon. Edward DeMarco, who served as acting Director of the FHFA. Next, you don't want to miss Richard Franks' feature, "e Debt Dilemma," where he digs deeper into the consumer debt data to study signs of risk that can mimic housing crisis. ere is much to learn from this feature for the mortgage professionals given the risk appetite of the consumer debt market. Michael Harris, in his feature, "Full Speed Ahead", summarizes some of the trends impacting the mortgage industry such as platform crowding, demand for greater transparency, the rise of Regtech, mobile reach, and paperless lending. Lastly, financial service providers continue to make critical technological changes to thrive in a competitive market. Steve Corner in his feature, "Investing in the Future", makes suggestions for digital transformation to make things easier for servicers. While the need to ensure compliance to regulation isn't new for mortgage professionals, the rules are still changing, and we hope this issue dedicated to the subject will help you address these concerns within your own business. , All my best, Rachel Williams Editor-in-chief FROM OUR DESK default servicing | in print and online VOL. 16 NO. 04 No part of this publication may be reproduced without written permission from the publisher. ©2017 REO Publishing LLC All Rights Reserved This publication is intended to provide accurate, authoritative, and detailed information in regard to the subject matter covered. All written materials are disseminated with the understanding that the publisher is not engaged in rendering legal advice or other professional services. Under no circumstance should the information contained herein be relied upon as legal advice as it is designed to be a source of information only. DS News strongly encourages the use of qualified attorneys or other qualified experts with regard to the subject matter covered. does not guarantee the accuracy of the information, and is not liable for any damages, losses, or other detriments that may result from the use of these materials. PUBLISHER EDITOR-IN-CHIEF DESIGN ASSOCIATE EDITOR ONLINE EDITOR ONLINE CONTRIBUTORS COPY EDITOR ADVERTISING DS NEWS 2017-2018 EDITORIAL ADVISORY BOARD Mark Hulme Rachel Williams Jonathon Won Nicole Casperson David Wharton Scott Morgan Radhika Ojha Seth Welborn Elizabeth Murray Suzanne Andresen: 207.443.3314 Kevin McCrea: 214.525.6756 Jason Myers: 214.525.6760 Robert Rakowski: 214.525.6783 Meg Burns, Financial Services Roundtable Kathy Cummings, Bank of America Jordan Dorchuck, BSI Financial Services Malloy Evans, Fannie Mae Yvette Gilmore, Freddie Mac Ramie Word, Nationstar Mortgage Follow DSNewsDaily on CHAIRMAN AND CHIEF CREATIVE OFFICER PRESIDENT AND CHIEF EXECUTIVE OFFICER DIRECTOR OF ACCOUNTING ASSOCIATE GENERAL COUNSEL PROFESSIONAL ASSOCIATIONS American Mortgage Diversity Council Legal League 100, National Mortgage Servicing Association, Property Preservation Executive Forum FORCE DESIGN Mark Hulme Ed Delgado Ernest Gillespie Derek Templeton John Rieger: 214.525.6769 Derek Templeton: 214.525.6757 Annie Collier: 214.525.6740 Sean Walker Jason Stone Jonathon Won

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