The Federal Financial Institutions Examination Council’s Appraisal Subcommittee next month is scheduled to hold its third public hearing on appraisal bias, the residential appraisal process, and associated regulations.
Interagency appraisal panel meeting next month
October 10, 2023 / By ICBA
The Federal Financial Institutions Examination Council’s Appraisal Subcommittee next month is scheduled to hold its third public hearing on appraisal bias, the residential appraisal process, and associated regulations.
The Federal Financial Institutions Examination Council’s Appraisal Subcommittee next month is scheduled to hold its third public hearing on appraisal bias, the residential appraisal process, and associated regulations.
Details: Scheduled for 10 a.m. (Eastern time) Wednesday, Nov. 1, the hearing will explore how a residential appraisal is developed and reviewed, reconsiderations of value, key challenges, and rural appraisals.
ICBA Advocacy: ICBA recently welcomed proposed guidance addressing reconsiderations of value, or ROVs, for residential real estate transactions as a good first step that regulators should build on to avoid excessive use of ROVs.
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