WASHINGTON, June 2-- The Federal Deposit Insurance Corporation posted the following joint news release on June 1, 2023, with Treasury's Office of the Comptroller of the Currency, the Federal Reserve ...

On June 6, 2024 federal regulators published a final rule addressing Quality Control Standards for Automated Valuation Models. This was a collaborative rulemaking effort that included regulators from ...

On June 1, six Federal financial regulatory agencies[1] (Agencies) jointly issued a Notice of Proposed Rulemaking (the Proposed Rule) requiring the implementation of quality control standards for the ...

Home mortgage lenders will have to meet a new set of standards designed to ensure that their tech-fueled appraisals don’t build in flaws that might produce faulty estimates or discriminate against ...

What is an automated valuation model home appraisal? Whether you’re considering refinancing, taking out a home equity loan, or curious what your home may be worth, waiting weeks for an appraisal can ...

Whether you’re considering refinancing, taking out a home equity loan, or curious what your home may be worth, waiting weeks for an appraisal can feel painfully slow. That’s where automated valuation ...