The FDIC, Federal Reserve, OCC and National Credit Union Administration today announced an exception to regulatory real estate appraisal requirements in the Louisiana parishes hardest hit by severe flooding in the summer.
As part of its response to the recently concluded Economic Growth and Regulatory Paperwork Reduction Act review process, the federal banking agencies are looking to reduce burdens of appraisal requirements and to simplify regulatory capital rules for community banks, Federal Reserve Chairman Janet Yellen told the House Financial Services Committee today.
ABA compliance staff experts answer questions on E-Sign, Fair Credit Reporting Act, appraisals and more.
The state bankers associations wrote to federal regulators and the Appraisal Qualifications Board today urging action to address a critical shortage of qualified appraisers in rural areas by reforming the criteria necessary to become qualified.
ABA today hosted a meeting with congressional staffers and representatives from various appraisal industry groups to discuss appraiser shortage issues in rural areas and how regulations are affecting the industry.
Is there a bubble forming in the U.S. commercial real estate market? Some investors and analysts seem to think so.
The federal banking agencies on Friday issued clarifying guidance on when an evaluation is permitted instead of an appraisal for loans secured by real estate.
The banking agencies are revisiting the dollar thresholds for their appraisal requirements, FDIC Chairman Martin Gruenberg said in Arlington, Va., today at the final outreach meeting for the decennial Economic Growth and Regulatory Paperwork Reduction Act review.
Due to an annual decrease in consumer prices, financial regulators have announced that the dollar threshold at which higher priced-mortgages become subject to special appraisal requirements will remain unchanged at $25,500 in 2016.
To help address the pending shortage of rural property appraisers — and the implications for agricultural and commercial credit in rural communities — ABA’s Center for Agricultural and Rural Banking and ABA’s Commercial Real Estate Committee convened a meeting yesterday of key stakeholders from the banking industry, federal government, appraisal industry and others.