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Tuesday
Jul162024

What's New? Final Rule for Automated Valuation Models (AVMs)

DateTuesday, July 16, 2024 at 2:44PM by AuthorBanking Spectrum

The Office of the Comptroller of the Currency today approved a final rule to implement quality control standards for automated valuation models used by mortgage originators and secondary market issuers in valuing residential real estate collateral securing mortgage loans. Read more about the final AVM rule here. 

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