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Agencies Request Comment on Quality Control Standards for Automated Valuation Models Proposed Rule
Posted: Jun 8, 2023 | Author:
CFPB
comment call
mortgage lending
Six federal regulatory agencies today requested public comment on a proposed rule designed to ensure the credibility and integrity of models used in real estate valuations. In particular, the proposed rule would implement quality control standards for automated valuation models (AVMs) used by mortgage originators and secondary market issuers in valuing real estate collateral securing mortgage loans.
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