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| Title | Recipient | Date |
|---|---|---|
| Joint Letter Supporting Bill to Stop Abusive Trigger Leads | Senate Banking Committee, House Financial Services Committee | 03/11/24 |
| ICBA Letter in Support of S.3502 | U.S. Senate | 12/15/23 |
| House SECURE Support Letter - Coalition | Reps. Madeleine Dean and Kelly Armstrong | 06/11/21 |
| Coalition Support Letter Regarding S3533 - HR 6364 SECURE Notarization Act | 116th Congress | 03/26/20 |
| G-Fee Coalition Letter | Congress | 03/09/20 |
| Title | Recipient | Date |
|---|---|---|
| Joint Letter on VA Minimum Property Standards | Department of Veterans Affairs | 02/09/24 |
| Letter on Reconsiderations of Residential Real Estate Valuations | FDIC, Fed, OCC, CFPB | 09/20/23 |
| Joint Letter on Suspended Counterparty Program Proposal | Federal Housing Finance Agency | 09/18/23 |
| Comments on Quality Control Standards for Automated Valuation Models | CFPB, FDIC, Fed, FHFA, OCC | 08/21/23 |
| Fannie Mae and Freddie Mac Single-family Mortgage Pricing Framework RFI | Federal Housing Finance Agency | 08/14/23 |
| Title | Committee | Presenter | Date |
|---|
June 09, 2023
Federal regulators requested public comment on proposed guidance addressing reconsiderations of value, or ROVs, for residential real estate transactions.
Background: ROVs are requests from financial institutions to appraisers or other preparers of valuation reports to reassess the value of residential real estate.
Details: The proposed guidance:
Advises on policies that allow consumers to provide information that may not have been considered during an appraisal.
Shows how ROVs intersect with appraisal independence requirements.
Describes how financial institutions may create or enhance their existing ROV processes.
Discusses the risks of deficient residential real estate valuations and how financial institutions may incorporate ROV processes into established risk management functions.
Deadline: Comments on the proposal are due within 60 days of publication in the Federal Register. ICBA plans to comment.
