A final rule designed to ensure credibility and integrity of automated valuation models (AVMs) in mortgages secured by a consumer’s principal dwelling through quality control standards was issued Wednesday by the federal financial regulators and […]
Quality control standards will be required for use of automated valuation models (AVMs) by mortgage originators and secondary market issuers in determining the collateral worth of a mortgage secured by a consumer’s principal dwelling under […]
A rule proposed in early June that recognizes the increasing frequency of use of automated valuation models (AVMs) by mortgage lenders in determining the value of property is out for comment until Aug. 21, according […]
The increasing frequency of use of automated valuation models (AVMs) by mortgage lenders in determining the value of property was a key factor for issuing a proposal late Thursday by federal financial institution regulators on […]
A final rule to require the collection and reporting of small-business loan data under Regulation B (Equal Credit Opportunity Act) is slated for action about March 2023, according to the latest regulatory agenda published by […]
The federal agency charged with consumer financial protection is “sharpening its focus” on digital redlining and algorithmic bias amid the growing influence of technology platforms, including big tech firms, in the financial services marketplace, the […]
The federal agency charged with financial consumer protection is training its focus on the work of the federal panel that oversees real estate appraisal practices and the body that sets professional appraiser standards, the agency’s […]
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