Regulatory compliance in the mortgage and financial services industry - Receive Free Email Updates or a Free Edition at DoddFrankUpdate.com!
Joined February 2011
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Trump nominates former CFPB deputy director to helm the agency - President Donald #Trump has nominated Brian Johnson to serve as the permanent director of the @CFPB. #Johnson spent more than two years in senior leadership roles at the bureau.
Source: doddfrankupdate.com/dfu/arti…
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Appraiser coach speaks to the ‘optimism of spring' - For this monthly installment of appraisal advice from Dustin Harris, #TheAppraiserCoach, we learn how spring can bring changes to the #appraisal profession, including a busier schedule.
Source: bit.ly/4e8R9qG
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Class Valuation, Makena partner in preparation for UAD 3.6 arrival - #ClassValuation recently announced a partnership with #Makena, to give appraisers access to the company's mobile app, as they prepare for the wide-scale #UAD 3.6 mandate.
Source: bit.ly/43mRL7i
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MBA anticipates future rate hike as wages lag behind inflation - #MBA's chief economist offered key takeaways from the latest #employment numbers released by the U.S. Bureau of #Labor Statistics on June 5. @FederalReserve #MBA #rates #inflation
Source: bit.ly/3SqEloq
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Trump EO seeks to promote AI innovation, security - #Trump signed an #EO to promote access to #artificialIntelligence innovations while also safeguarding the U.S. against AI-enabled threats to national security. #AI #innovation #threats
Source: bit.ly/4ajZNlb
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Supreme Court asked to revisit Cantero v. Bank of America preemption question - The #SupremeCourt was asked to rehear arguments about #preemption standards for #state #laws requiring banks to pay interest on #mortgage #escrow accounts. #Cantero
Source: bit.ly/4eaYE0m
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CFPB sued over rule amending Reg B to remove disparate impact - Four advocacy groups are suing the @CFPB over its final rule amending #RegB. The plaintiffs argued that the final rule relies on “conclusory assertions and speculation.” #ECOA
Source: bit.ly/4vG41vX
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Should appraisers write reports in the third person? - Jamie Owen, owner of #Aspen Appraisal Services, spoke with Dodd Frank Update about the use of the third person in #appraisals to present objective, detached and #professional analysis.
Source: bit.ly/4x5ryI7
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VA unveils new program, loss mitigation framework for veterans facing foreclosure - The @DeptVetAffairs announced the release of its highly anticipated new #partialclaim program and updated #lossmitigation “waterfall” to help #veteran homeowners.
Source: bit.ly/4dZO2kO
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Wells Fargo ordered to create program for LMI borrowers in $110M settlement - A federal court approved a $110 million settlement to resolve allegations against #WellsFargo, requiring the bank to establish programming to help #LMI communities.
Source: bit.ly/49SclQP
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ICE Mortgage Monitor: April home prices show strong gains - @ICEMortgageTech released its May ICE Mortgage Monitor report. The #analysis found that U.S. #homeprices saw the strongest single-month gain in nearly two years in April. #mortgage
Source: bit.ly/4uwSQEV
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Breaking down the impact of Trump's crackdown on lending to immigrants - The #Trump admin wants #lenders to prioritize verifying borrowers' #immigration status. Two former #regulators told Dodd Frank Update most lenders already do so.
Source: bit.ly/4x5qsft
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Fair Lending Lighting Round: Key takeaways about disparate impact enforcement - With states are ramping up #regulation and #enforcement, a panel of #fairlending experts discussed the rapidly shifting #compliance priorities. #disparateimpact
Source: bit.ly/3PZJiDQ
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Fraud is on the rise with consumer lending - A new industry report from Celent, commissioned by Zest AI, recently revealed that fraud has moved from an operational cost to a direct contributor to credit losses. #AI #credit #Celent
Source: bit.ly/437FDXO
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Federal agencies propose revisions to CAMELS rating system - The #FFIEC has invited public comments on proposed revisions to the uniform #financial institutions rating system, used to rate an institution's safety and soundness.
Source: bit.ly/43FfwaG
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Industry awaits Senate vote on House version of housing bill - The future of the 21st Century ROAD to Housing Act is once again in the #Senate's court after the #House voted 396-13 to pass its amended version of the #legislation. #housing #road
Source: bit.ly/3POUKCs
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Will AI recommendations fail to make sense for appraisers? - Dodd Frank Update continued our discussion with McKissock Learning's Kevin Hecht on the topic of “Human Judgement in a Machine World: Keeping Appraisal Expertise at the Center" in this article: bit.ly/4dIT1I1
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Wells Fargo ordered to create program for LMI borrowers in $110M settlement - A federal court approved a $110M #settlement resolving allegations against #WellsFargo. The bank must establish programming to help #LMI communities. #fairlending
Source: bit.ly/49SclQP
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FOMC minutes shed light on dissents during rate vote - The minutes from the #FOMC's April meeting shed more light on what turned out to be the most divided decision on the federal funds target #rate in more than 30 years. @FederalReserve
Source: bit.ly/4a5WDkV
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500 professionals. 3 days of education, networking, and industry insights. Thank you to everyone who joined us in Kansas City for the 22nd Annual @TheSummit_NS3 at the @KansasCityMarriott Downtown!
Missed it? Here’s a quick look at what happened.
#NS32026 #RealEstate #Mortgage
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