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Feature: New World Order

The veterans of this business can remember when market conditions were ""normal""--when REOs ran in the neighborhood of 150,000 a year, delinquency rates were just around 4 percent, and you only needed a credit score of 620 to qualify for a prime mortgage loan.

But the housing finance industry in the United States, and default servicing especially, has changed. From a slew of new regulatory mandates to an altered public perception of debt obligations, for professionals dealing with delinquent borrowers and distressed assets, business has evolved into something far from customary.

Read more in DS News' ""digital archives"":http://digital.dsnews.com/i/163440.

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About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.
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