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CFPB, FDIC, NCUA, OCC, and FRB Issue Proposed Guidance on Reconsiderations of Value of Residential Real Estate Transactions | Bradley Arant Boult Cummings LLP

Consistent with concerns surrounding bias in property valuations, on June 8, 2023, the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the...
Interagency Task Force On Property Appraisal Consumer Financial Protection Bureau Deposit Insurance Corporation Office Of The Comptroller National Credit Union Administration Appraisal Foundation

Proposed Guidance on ROVs of Residential Real Estate Transactions

This is a step by federal regulators to establish clear and robust Reconsiderations of Value processes and address perceived appraisal bias concerns. Those regulators maintain such processes are necessary to ensure real estate valuations are free of bias.
Consumer Financial Protection Bureau Appraisal Foundation Interagency Task Force On Property Appraisal Deposit Insurance Corporation National Credit Union Administration Office Of The Comptroller

U.S. Coast Guard Vigilant Returns From 50-Day Patrol, Conducts International Collaboration

The USCGC Vigilant returned home to Cape Canaveral, Sunday, following a 50-day patrol in the Eastern Pacific Ocean and Florida Straits. During the patrol, Vigilantโ€™s crew disrupted illegal narcotics smuggling, interdicting more than 2,000 pounds of illicit drugs.
United States Brevard County Pacific Ocean Jay Guyer Department Of Defense Department Of Homeland Security

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