Design Insurance Lending Valuation 
Housing Wire
FEBRUARY 12, 2024
The Federal Financial Institutions Examination Council (FFIEC) on Monday issued a statement outlining examination principles related to valuation and appraisal discrimination or bias in residential lending. These standards can harm a residential lender beyond any identified violations, the statement explained.
Appraisal Buzz
MAY 6, 2024
Adam Johnston has joined Candescent Capital Ventures , a private equity firm specializing in investments in the PropTech space, as senior vice president, chief program management and valuation officer. Over the past 20 years, he has served in key leadership roles in mortgage banking, private mortgage insurance, and appraisal management.
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Housing Wire
MARCH 8, 2024
Yellen told lawmakers that bank regulators are working to address risks tied to rising vacancy rates and lower valuations for office buildings in major cities. Although commercial mortgage debt is propelling these concerns, the possibility of failure for a federally insured bank has implications for the residential mortgage sector.
Housing Wire
AUGUST 22, 2023
The Mortgage Bankers Association (MBA) and the Consumer Bankers Association (CBA) sent a letter to regulators on Monday warning of the “unintended consequences” of new quality control standards for automated valuation models (AVMs). Department of the Treasury ; and the Federal Reserve System.
Housing Wire
JUNE 21, 2023
At the top of the list of housing issues the Bureau will aim to address is a rule related to automated valuation models (AVMs). The Agencies expect to issue a proposed rule to implement the Dodd-Frank Act’s AVM amendments to FIRREA in June 2023.”
Housing Wire
JUNE 7, 2022
On the servicing side, a default servicer will work with a number of third-party vendors to gather collateral valuation, title information, property inspections and field services reports. Servicers, especially those who service government-insured loan products, are under statutory time constraints that give them very little wiggle room.
Housing Wire
MAY 27, 2022
The designers historically have been unwilling to tell lenders all the factors used and how they are weighted,” Kully said. In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”. Presented by: Mortgage Coach.
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