Read more about the article Agencies Finalize Interagency Guidance on Reconsiderations of Value for Residential Real Estate Valuations

Agencies Finalize Interagency Guidance on Reconsiderations of Value for Residential Real Estate Valuations

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Agencies Finalize Interagency Guidance on Reconsiderations of Value for Residential Real Estate Valuations (July 18, 2024) – Five federal regulatory agencies today issued final guidance addressing reconsiderations of value (ROVs) for residential real estate transactions. The guidance advises on policies and procedures that financial institutions may implement to allow consumers to provide financial institutions with

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Read more about the article Agencies Issue Final Rule to Help Ensure Credibility and Integrity of Automated Valuation Models

Agencies Issue Final Rule to Help Ensure Credibility and Integrity of Automated Valuation Models

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Agencies Issue Final Rule to Help Ensure Credibility and Integrity of Automated Valuation Models (July 17, 2024) – Six federal regulatory agencies today issued a final rule, pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, designed to help ensure the credibility and integrity of models used in valuations for certain mortgages secured

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Read more about the article FFIEC Publishes 2023 Data on Mortgage Lending

FFIEC Publishes 2023 Data on Mortgage Lending

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WASHINGTON, D.C. (July 11, 2024) – The Federal Financial Institutions Examination Council (FFIEC) today published data on 2023 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 5,113 U.S. financial institutions, including banks, savings associations, credit unions, and mortgage companies. The HMDA data are the most comprehensive source of publicly available information on mortgage

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Read more about the article NCUA Prohibits Three Individuals From Participating in the Affairs of Any Federally Insured Depository Institution

NCUA Prohibits Three Individuals From Participating in the Affairs of Any Federally Insured Depository Institution

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NCUA Prohibits Three Individuals From Participating in the Affairs of Any Federally Insured Depository Institution ALEXANDRIA, Va. (June 28, 2024) – The National Credit Union Administration issued one consent and two prohibition notices in June 2024. The individuals named below are permanently prohibited from participating in the affairs of any federally insured depository institution. Consent

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Read more about the article A Reflection on the Past and Future Marks Federal Credit Union Act 90th Anniversary

A Reflection on the Past and Future Marks Federal Credit Union Act 90th Anniversary

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A Reflection on the Past and Future Marks Federal Credit Union Act 90th Anniversary Chairman Harper Stresses Credit Unions’ Responsibility to Members ALEXANDRIA, Va. (June 26, 2024) – The National Credit Union Administration commemorated today the 90th anniversary of the signing of the Federal Credit Union Act of 1934 into law by President Franklin Delano

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