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The Office of the Comptroller of the Currency and other federal agencies issued a final rule and interpretations on threshold exemptions from special appraisal requirements for higher-priced mortgage loan transactions.

The Federal Reserve Board, CFPB, FDIC, OCC, National Credit Union Administration and state financial regulators alerted mortgage servicers that they will resume their respective pre-pandemic supervisory and enforcement approaches towards noncompliance with mortgage-servicing rules.

The Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency issued a final rule and interpretation increasing the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans from $25,500 to $26,000.