Banking agencies set a comment deadline of September 19, 2023 for proposed risk management guidance concerning "reconsiderations of value" in real estate transactions.
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The Federal Reserve Board, CFPB, FDIC, National Credit Union Administration and OCC proposed risk management guidance for financial institutions on incorporating "reconsiderations of value" for residential real estate transactions.
In a review panel, the CFPB outlined its options to ensure that computer models used to help determine home valuations are accurate and fair.
A national bank settled CFPB, DOJ and OCC allegations of redlining under the Fair Housing Act, the Equal Credit Opportunity Act and the Consumer Financial Protection Act.
In two publications, the CFPB reported findings from analyses of pandemic-related mortgage forbearance and delinquencies and from consumer complaints.