Certain appraisal requirements for real estate-related transactions are temporarily paused to help facilitate recovery efforts in areas affected by the Los Angeles County wildfires earlier this year, the three federal banking agencies and the federal […]
Reconsiderations of value (ROVs) for residential real estate valuations that allow consumers to provide financial institutions with information that may not have been considered during an appraisal, or if deficiencies are identified in the original […]
Temporary rules established to counter the financial impact of the coronavirus crisis – on real estate appraisals and evaluations, and the impact on regulatory capital of participating in special lending facilities – were made final […]
Recent changes in credit unions’ federal appraisal requirements and changes specifically affecting federally backed mortgage loans – most of them responding to disruptions brought by the coronavirus pandemic – are detailed in a new letter […]
A proposed rule raising the threshold for mandatory appraisals on residential real estate from $250,000 to $400,000 – which would match, if approved, the appraisal level set by federal banking agencies just last month – […]
The federal regulator of credit unions on Thursday approved recent changes to a Texas regulation on credit union member business lending (MBL), action that affirms the Texas regulator’s MBL regulation remains consistent with NCUA rules. […]
Federally insured credit unions would no longer need appraisals for certain commercial real estate loans of less than $1 million, up from the current threshold of $250,000, under a proposed rule issued Sept. 20 by […]
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