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Feds Seek Input on Proposed Guidance on Real Estate Reconsiderations of Value

Feds Seek Input on Proposed Guidance on Real Estate Reconsiderations of Value

by Phil Hall | Jun 8, 2023 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

Five federal regulatory agencies have requested public comment on proposed guidance addressing reconsiderations of value (ROV) for residential real estate transactions. “The proposed guidance advises on policies that financial institutions may implement to allow...
Feds Seek Input on Updating AVM Quality Control Standards

Feds Seek Input on Updating AVM Quality Control Standards

by Phil Hall | Jun 2, 2023 | Industry Updates, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Six federal regulatory agencies have jointly requested public comment on a proposed rule designed to ensure the credibility and integrity of models used in real estate valuations. In a statement, the agencies said the proposed rule would “implement quality control...

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