“I’m tired of having the AMC acting as my pimp," said one appraiser. "The current situation is ruining the appraisal profession and turning appraisers into whores for the AMCs."

The amendment would prohibit the GSEs from channeling cash to the NHTF, which was established under the Housing and Economic Recovery Act of 2008.

But why so long? ABA's Rod Alba continued: “Well, not all the rules are done yet."

“This appears to be very good news and is a credit to our collective work with the Coalition for Sensible Housing Policy,” the National Association of Realtors told its members.

We’re hearing unconfirmed reports that the Federal Housing Finance Agency may not hire a chief executive and chairman for the common securitization platform project after all…

“I understand this is the largest attended ABA compliance conference. You’re welcome,” dead-panned CFPB official Steve Antonakes. “We'll see what we can do this year to boost your numbers a little more next year.”

Rosner of Graham Fisher & Co. also wants to see the use “stringent methods” to price guarantees separate from the GSE's.

Comments are due Monday, June 9, 2014, on the joint notice of proposed rulemaking, Minimum Requirements for Appraisal Management Companies, issued...

How Not to Run a Website. The “links” section of the website of the Senate Banking, Housing and Urban Affairs Committee is so outdated, not only does it not have a link to the CFPB, arguably the majority’s favorite regulatory agency, it also has links to the Federal Housing Finance Board and the Office of Federal Housing Enterprise Oversight. Both of those agencies were subsumed and replaced by the Federal Housing Finance Agency back in 2008. Not surprisingly, there also is no link on the committee’s website to the FHFA’s website. Meanwhile, neither fhfb.gov nor ofheo.gov have...

Director Cordray to Deliver Report to Senate Banking. CFPB Director Richard Cordray is scheduled to deliver his agency’s semi-annual report to the Senate Banking, Housing and Urban Affairs Committee on Tuesday, June 10, 2014. Cordray is the only person scheduled to appear before the committee during this event. His remarks will be posted on the committee’s website the day of the hearing, which will also be available for viewing live online. Look for coverage of the event in the next issue of Inside the CFPB. Bureau Plans Public Field Hearing on Mobile Financial Services. The CFPB plans...