Federal Regulators Approve Final Rule for AVM Usage

HousingWire, June 20, 2024-Flávia Furlan Nunes
On Thursday, two U.S. regulators–the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC)–announced their approval of a final rule imposing quality control standards for automated valuation models (AVMs) used by mortgage originators and secondary market issuers.
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