The proposed rule, if adopted, would apply to mortgage originators and issuers of mortgage-backed securitizations that rely on automated valuation models (“AVMs”) to determine the value of real estate collateral.
The...more
11/9/2023
/ American Bankers Association ,
Conflicts of Interest ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Unions ,
Fannie Mae ,
FDIC ,
Federal Reserve ,
FHFA ,
Financial Institutions ,
Freddie Mac ,
Mortgage Loan Originators ,
Mortgage-Backed Securities ,
NCUA ,
Non-Discrimination Rules ,
OCC ,
Proposed Rules ,
Quality Control Plan ,
Risk Management ,
Tax Assessment ,
Transparency ,
Valuation ,
Zillow
My, my, my! Another governmental red line looks to be breached; at least this time no one gets hurt. We, at CrunchedCredit, have in some sense been carrying the government’s water about LIBOR transitions. We have been talking...more
Here is something helpful that has surfaced amidst the fallout, pain and confusion of the global COVID-19 crisis. The implementation date for the all-too-simple in theory but not-simple-at-all in practice CECL accounting...more