The Increasingly Hot Topic of Climate Change: What Compliance Officers Need to Know
Climate change is a big issue, but compliance officers are adept at issue management. Start with root cause analysis.
Browsing: Appraisals
OCC’s Hsu: Addressing Appraisal Bias Requires ‘Collective Effort’
Acting Comptroller of the Currency Michael Hsu told attendees at a CFPB roundtable today that banks are being held accountable when they rely on housing appraisals that are discriminatory.
ABA Supports Appraisal Modernization for Fannie, Freddie
The American Bankers Association today offered feedback to the Federal Housing Finance Agency on appraisal-related policies and practices for Fannie Mae and Freddie Mac, noting that it “fully supports creating new alternatives to the traditional appraisals available in the market today.”
Agencies Issue Final Rules on Appraisals, LCR Relief
The federal banking agencies today finalized two rules intended to provide relief for financial institutions as a result of actions taken to aid in the coronavirus response.
When Can I Pull A Credit Report on an Existing Loan Customer?
…and other answers to your compliance questions in the May/June 2020 ABA Regulatory Policy and Compliance Inbox.
Agencies to Temporarily Defer Appraisals, Evaluations for Real Estate Transactions
The federal banking agencies issued an interim final rule this evening allowing financial institutions to temporarily defer appraisals and evaluations for residential or commercial real estate transactions for up to 120 days during the COVID-19 national emergency.
FHFA Announces New Measures to Ensure Liquidity in Mortgage Markets
To help ensure liquidity in the secondary mortgage market, the Federal Housing Finance Agency today directed Fannie Mae and Freddie Mac to engage in additional dollar roll transactions, which would provide investors in mortgage-backed securities with short-term financing of their positions.
Compliance Q&A: What Can I Do About a Lack of Appraisers in a Rural Area?
…and other answers to your compliance questions in the March/April 2020 ABA Regulatory Policy and Compliance Inbox.
Agencies Issue Final Rule Raising Residential Real Estate Appraisal Threshold to $400K
The financial regulatory agencies today issued a final rule—which takes effect immediately—raising the appraisal threshold for residential real estate transactions from $250,000 to $400,000.
FFIEC Green Lights Temporary Appraisal Relief for North Dakota
The Appraisal Subcommittee of the Federal Financial Institutions Examination Council has approved a waiver request from appraisal licensing requirements for the state of North Dakota.