Vice President Kamala Harris announced the issuance of a joint rulemaking proposal on automated valuation model use in assessing transaction collateral, as well as several other coming developments in the appraisal space.

Fitch Ratings has released an exposure draft of criteria for rating single-borrower single-family rental securitizations, with key ratings drivers including property valuation analysis and ratings stresses.

Mortgage trade groups asked the Conference of State Bank Supervisors to alter some elements of proposed reporting requirements.

State Farm has a 20% share of the homeowners market in the Golden State...

The trade group wants the CFPB to establish uniform disclosure requirements for transactions involving dual compensation.

The Appraisal Subcommittee’s second open meeting focused on how appraisal methods might introduce biases to the valuation process.

The New York Department of Financial Services said OneMain failed to effectively manage user access privileges, improperly managed security policies for software development and failed to conduct due diligence for certain third-party vendors.

Several amicus briefs have been filed in defense of the CFPB’s funding structure in a case the Supreme Court will hear in its next term. Former and current members of Congress and academics said the bureau’s funding is consistent with historical practice.

Housing and mortgage markets could descend into chaos if bureau rules are invalidated by the Supreme Court, according to the Mortgage Bankers Association and other trade groups.

Compliance issues tied to HMDA reporting were the most common problem cited in Fed exams of banks in 2022.