The Federal Reserve Board, OCC and FDIC adopted a final rule that allows financial institutions an additional 120 days following a real estate closing transaction to obtain an appraisal or evaluation of the property.
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The Financial Stability Oversight Council reviewed a proposed regulatory capital framework by the Federal Housing Finance Agency for Fannie Mae and Freddie Mac.
The OCC adopted a final rule intended to "strengthen and modernize" Community Reinvestment Act regulations.
The Federal Reserve Board, OCC and FDIC adopted an interim final rule which defers certain regulations requiring an appraisal or evaluation of real estate.
The CFPB, Federal Reserve Board, FDIC, National Credit Union Administration and OCC clarified their compliance expectations for mortgage servicers on consumer communication requirements during the pandemic.