Proposed Interagency Guidance on Reconsiderations of Value of Residential Real Estate Valuations Summary
Updated 08/11/2023
This tool summarizes the Proposed Interagency Guidance on Reconsiderations of Value of Residential Real Estate Valuations. Key takeaways include:
- Discussion of the risks of deficient collateral valuations and the existing guidance related to valuations.
- Explanation of how ROV processes and controls can be incorporated into existing risk management functions.
- Provides examples of ROV policies, procedures, and controls that banks may adopt.
- Requests comment on several questions by September 19, 2023.
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