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.
News & Insights
The OCC, the Federal Reserve Board and the FDIC approved a revised definition of the "high volatility commercial real estate loan" under their respective regulatory capital 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.
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the FDIC adopted amendments to the Community Reinvestment Act regulations in response to recent changes to Regulation C.
Several banking regulatory agencies issued an interagency advisory to insured depository institutions and bank holding companies to address financial industry concerns about appraiser shortages.