DS News

4 36 10 70 This Month FROM OUR DESK . . . . . . . . . . . . . . . . . . . . . 2 DS JOURNAL Appellate court Strikes BOA's Penalty in 'Hustle Case', HUD: Changes are Coming to Delinquent Loan Sales, Democratic Lawmakers Chide Fed for Lack of Diversity, Servicers, Pay Attention to Supreme Court's Ruling, Proposal Aims to Change CFPB's Mission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 ASK THE ECONOMIST . . . . . . . . . . . . . . . .36 COUNSEL'S CORNER . . . . . . . . . . . . . . . .40 STATE OF AFFAIRS Impactful local market information at your fingertips . . . . . . . . . . . . . . . . . . . . .78 COVER STORY HENSARLING'S HIGH HOPES One Man's Quest to Reshape Housing and the American Economy By Brian Honea. . . . . . . . . . . . . . . . . . . . .64 INDUSTRY INSIGHT CHANGING OF THE GUARD Changing times means rethinking the way business is done By Scott Morgan . . . . . . . . . . . . . . . . . . . .70 INDUSTRY INSIGHT AN INDUSTRY ON THE EDGE Antiquated rules and misunderstandings threaten residential appraisers By Greg Stephens . . . . . . . . . . . . . . . . . . .74 Contributors BRIAN HONEA'S writing and editing career spans 15 years across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, e Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master's degree from Amberton University in Garland. SCOTT MORGAN is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He's been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. GREG STEPHENS is a recognized subject matter expert in appraisal regulations and standards, whose career in the industry of more than 35 years includes owning and managing a five-office regional appraisal firm in northern California for over 20 years. Mr. Stephens' professional credentials include Certified General Appraiser, SRA Designation from the Appraisal Institute, AQB Certified USPAP Instructor through e Appraisal Foundation, and CDEI certified distance education instructor through the International Distance Education Certification Center. In September 2011, Mr. Stephens joined Metro-West Appraisal Company as Senior Vice President of Appraisal Operations and Compliance. Join the Conversation Do you have a suggestion, story idea, or feedback you'd like to share with DS News readers? Help shape our next issue and e-mail Editor@DSNews.com. J U N E 2 0 1 6 C o n t e n t s D S N E W S . C O M 64 74 HENSARLING'S HIGH HOPES One Man's Quest to Reshape Housing and the American Economy

• Cover