Banking agencies proposed a rule that would require mortgage originators and secondary market issuers to "adopt policies, practices, procedures, and control systems to ensure that automated valuation models used in certain credit decisions or covered securitization determinations adhere to quality control standards."
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The CFPB proposed a rule to implement consumer protections for residential "Property Assessed Clean Energy" ("PACE") loans.
FinCEN renewed its Geographic Targeting Orders requiring U.S. title insurance companies to collect and report beneficial ownership information for certain residential real estate purchases.
The Federal Financial Institutions Examination Council revised its guidance for banks on compliance with the Home Mortgage Disclosure Act and related regulations.
In a "Consumer Compliance Supervisory Highlights" Report, the FDIC summarized the results of consumer compliance examinations of supervised institutions in 2022 and offered recommendations to strengthen compliance management systems.