Federal Housing Administration Commissioner Frank Cassidy announced he was stepping down from his role to enter the private sector on June 3. His departure came only six months following his Senate confirmation.

Veros Real Estate Solutions, a company utilizing risk management and collateral valuation services, recently launched VeroSCORE for Uniform Appraisal Dataset 3.6.

The U.S. Supreme Court was asked to rehear arguments regarding the applicability of federal preemption standards to state laws requiring banks to pay interest on mortgage escrow accounts. The request highlighted the split among federal judges over their interpretations of the preemption standard.

A quartet of advocacy groups is suing the Consumer Financial Protection Bureau over its final rule amending Regulation B, the implementing regulation of the Equal Credit Opportunity Act. The plaintiffs argued that the final rule exceeds the bureau’s statutory authority and relies on “conclusory assertions and speculation.”

For this monthly installment of appraisal advice from Dustin Harris, “The Appraiser Coach,” we learn how the spring season can bring many changes to the appraisal profession, including a busier schedule.

Class Valuation recently announced a partnership with Makena, a property data platform designed to help enterprises collect accurate, structured and actionable property data at scale, to give appraisers access to Makena’s mobile data collection and floor plan application, as they prepare for the wide-scale UAD 3.6 mandate on Nov. 2.

Mortgage Bankers Association Chief Economist Mike Fratantoni issued commentary describing key takeaways from the latest employment numbers released by the U.S. Bureau of Labor Statistics on June 5.

Federal regulators may soon push for lenders to strengthen protocols for verifying a loan applicant’s immigration status, following an executive order (EO) issued by President Donald Trump on May 19. Dodd Frank Update spoke with a pair of former regulators about the impact the EO could have on lenders, given the many precautions financial institutions already take to mitigate potential risks associated with lending to noncitizens.

The use of the third person in appraisal reporting stems from the need to present objective, detached and professional analysis. Jamie Owen, owner of Aspen Appraisal Services, shared his thoughts on this topic with Dodd Frank Update, including what hinders clarity regarding complex or litigation-heavy assignments.